Contango Oil & Gas Co. announced Friday that it has purchased White Star Petroleum LLC's assets for $132.5 million, after a wild auction process led to an impromptu courthouse bidding war. Business company CONTANGO STEP II, INC. is a legal entity registered under the law of State Nevada. Company is located in the register with the Company number C27448-2002 and with the national number of State Nevada NV20021467701.This legal entity was firstly registered on 7th November 2002 under the legal form of Foreign Corporation. U.S. commercial crude stocks have fallen by 23 million barrels since the start of the year, compared with an increase of 19 million barrels at the same point in 2016, and an average seasonal rise Turning to our Commercial segment, product margin increased $3.2 million to $10.3 million in the fourth quarter of 2019, due primarily to contributions from our bunkering business. While basis is a lousy timing indicator, it is a fundamental unwise to ignore. With the contango reaching $800+ and the futures market at $14,000+we are more likely to crack $3,000 now than when To access the remainder of Skipping the Crude Contango - The Floating Crude Storage Trade you must be logged as a RBN Backstage Pass™ subscriber. Full access to the RBN Energy blog archive which includes any posting more than 5 days old is available only to RBN Backstage Pass™ subscribers. The sad and sorry saga of Contango MicroCap Ltd is taking another turn with the effective takeover of the company for no premium. Indeed, the 6000 mostly small shareholders will pay handsomely for
For some commercial traders with the ability to store thousands of barrels of oil at Cushing, Oklahoma―the delivery point for Nymex-traded crude―that may be something that makes sense
White highlighted that this is a "very large acquisition" by Contango. Adding production from the White Star assets to Contango's existing production (5,482 boe/d) would result in estimated Find the latest United States Oil Fund (USO) stock quote, history, news and other vital information to help you with your stock trading and investing. "Now the contango market structure supports (oil storage), but ship owners are raising prices." The rise in tanker chartering rates are a boon for ship owners who have seen demand walloped recently by the fast-spreading coronavirus outbreak which choked commodity and semi-finished goods imports into top consumer China. Taylor Inspection Services, Inc. offers a wide range of commercial inspections for our commercial clients. We use the ASTM E-2018-01 Standard guide for Property Condition Assessments as a base template for our inspections and then customize the inspection and report to suit an individual client's needs.These services are tailored toward small to medium sized industrial, multi-family and other Front-month time spreads of Asian 380cst fuel oil widened their contango structure on Wednesday as participants factored in Singapore's brimming inventories of the fuel, traders said. "There's a
As Chief Executive Officer and President at CONTANGO OIL & GAS CO, Allan D. Keel made $3,361,814 in total compensation. Of this total $420,768 was received as a salary, $105,916 was received as a bonus, $0 was received in stock options, $975,398 was awarded as stock and $1,859,732 came from other types of compensation. This information is according to proxy statements filed for the 2018 fiscal
The sharp slump in global crude demand, China in particular, due to the coronavirus outbreak has compelled several trading companies and cargo holders to resort to floating storage, mainly on VLCCs, f Both situations allow speculators (non-commercial traders) to earn a profit.". A contango is normal for a non-perishable commodity that has a cost of carry. Such costs include warehousing fees and interest forgone on money tied up (or the time-value-of money, etc.), less income from leasing out the commodity if possible (e.g. gold). OPEC and Russia have started an oil price war that could push crude into the $20s, according to Goldman Sachs Group Inc. Brent crude may dip as low as $20 a barrel, testing the levels at which some producers can operate, analysts including Damien Courvalin wrote in a report.
^ "A non-commercial trader is a trader that is not commercially engaged in business activities hedged by the use of the futures or option markets (CFTC classification). The non-commercial classification does not include swap dealers and commodity index trading is generally considered as commercial" ^ Izabella Kaminska (8 July 2010). "It's the BIS".
The twisting story of Contango Microcap has taken on yet another strange turn, with directors ousted by shareholders at an EGM earlier this year urging the same shareholders to vote against the To find out detailed information on Commodity in the U.S., click the tabs in the table below. The data that can be found in each tab includes historical performance, the different fees in each fund, the initial investment required, asset allocation, manager information, and much more. The World's most comprehensive professionally edited abbreviations and acronyms database All trademarks/service marks referenced on this site are properties of their respective owners. The sharp slump in global crude demand, China in particular, due to the coronavirus outbreak has compelled several trading companies and cargo holders to resort to floating storage, mainly on VLCCs, f
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Contango Oil & Gas Co. announced Friday that it has purchased White Star Petroleum LLC's assets for $132.5 million, after a wild auction process led to an impromptu courthouse bidding war. Business company CONTANGO STEP II, INC. is a legal entity registered under the law of State Nevada. Company is located in the register with the Company number C27448-2002 and with the national number of State Nevada NV20021467701.This legal entity was firstly registered on 7th November 2002 under the legal form of Foreign Corporation.
18 Apr 2018 As you can see from the WTI contango/backwardation chart below, the WTI To be clear, there are still operational and commercial reasons to Salary, bonuses, stock options, stock awards and other compensation information for top executives at CONTANGO OIL & GAS CO. 29 May 2018 Saldanha could have turned into a white elephant, but it held an unforeseen commercial potential. When a price structure known as contango Abstract: Energy-derived waters containing naphthenic acids (NAs) are complex mixtures often comprising a suite of potentially problematic constituents Commercial-scale harvesting and processing for nutrient capture, biocarbon, and Laboratory analysis from Contango Strategies limited includes chemical In the 1840s, Chicago had become a commercial center with railroad and Contango and backwardation are frequently seen in commodity markets where. Easy 1-Click Apply (CONTANGO OIL AND GAS COMPANY) Lease Operator job in Stillwater, OK. View job description, responsibilities and qualifications.