Sharing ideas can have benefits but there are also psychological risks. This article applies lessons from Charlie Munger's psychology of human misjudgment to investing ...
Many investors are occasionally tempted to speculate. It is important to avoid confusing speculation with investment operations ...
"Good investment ideas are rare, valuable and subject to competitive appropriation just as good product or business acquisition ideas are. Therefore we normally will not talk about our investment ideas." -- Warren Buffett, Berkshire Hathaway Owner's Manual One of the ...
You can choose a ready guide in some celestial voice If you choose not to decide, you still have made a choice You can choose from phantom fears and kindness that can kill I will choose a path that's clear ...
Over the past several months, Contango Oil & Gas Company shareholders have received a steady stream of bad news. Read this article for an update on our investment thesis ...
This article presents an update to our in-depth profile of Contango published in September. The company's stock price has remained under significant pressure due to a number of company specific factors that we discuss in this update ...
In this article, we discuss the investment merits of Contango Oil & Gas, a unique exploration and production company with a compelling risk/reward profile ...
Investors like to examine pricing anomalies, particularly related to commodities that could be viewed as substitutes but trade at radically different prices. One barrel of crude oil has approximately six times the energy content of one thousand cubic feet (mcf) ...
In a presentation today, Contango Oil & Gas CEO Kenneth Peak stated that the economics of oil and gas exploration in shallow Gulf of Mexico waters have improved significantly compared to 2008 conditions due to a dramatic decrease in dayrates ...
The shale gas boom in the United States has been something of a mixed blessing for independent oil and gas companies. While new technology has opened up vast new areas of exploration and production, natural gas prices have been in ...
Despite our best efforts as value investors to avoid anything that may resemble speculation, sometimes unique circumstances can arise that force us to replace typical passive behavior with an active choice. Such a scenario will soon face shareholders of Contango ...
Contango Oil & Gas Company has announced plans to spin off shares of its wholly-owned subsidiary, Contango ORE (CORE) to shareholders in December. CORE was set up to explore for gold and rare earth minerals and currently controls 750,000 acres ...
In a press release today, Contango Oil & Gas Company announced an updated capital expenditure budget of $85 million for the fiscal year ending June 30, 2011. The company plans to drill four wildcat exploration wells in the Gulf of ...
In a presentation released today, Contango Oil & Gas Company CEO Ken Peak provides more details regarding his view of the situation unfolding in the Gulf of Mexico. We have commented on Contango Oil & Gas in the past and ...
Contango Oil & Gas Company issued a press release today that announced new production from recent discoveries in the Gulf of Mexico. In addition, the company announced new production from eight onshore wells in Texas that are part of a ...
Over the past several weeks, there has been a great deal of speculation regarding the goal of politicians who advocate removal of the $75 million liability cap for offshore oil spills. Based on a Wall Street Journal interview with Carol ...
Volatility in the markets for various forms of energy is nothing new. Prices react to a variety of factors including the weather, political and economic developments, and speculation. While short term prices of individual commodities can be influenced by any ...
For an entertaining commentary to natural gas economics, we recommend viewing a presentation made on January 7 by Contango Oil & Gas Company Chairman and CEO Kenneth Peak. Although the presentation is not a comprehensive introduction for investors, Mr. Peak ...