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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