Sell Alert: Take A 40% Profit on Contango Oil & Gas

Although the new merger deal that Contango recently announced could wind up with phenomenal long-term returns, it will also take months for MCF management to convince new investors to buy into the story prior to closing later in the year. Between now and then, MCF shares could remain in a sideways pattern unless oil prices rise substantially from here. So, let’s take 40% gains now on this position.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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