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contango |
Also found in: Financial, Wikipedia | 0.01 sec. |
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contango [kənˈtæŋgəʊ] n pl -gos 1. (Economics, Accounting & Finance / Stock Exchange) (formerly, on the London Stock Exchange) postponement of payment for and delivery of stock from one account day to the next 2. (Economics, Accounting & Finance / Stock Exchange) the fee paid for such a postponement Also called carry-over continuation Compare backwardation vb -goes, -going, -goed
(Economics, Accounting & Finance / Stock Exchange) (tr) to arrange such a postponement of payment (for) my brokers will contango these shares [apparently an arbitrary coinage based on continue] Translations contango n (Fin) → Report m How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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HOUSTON -- Contango Oil & Gas Company (AMEX:MCF) announced today that its affiliated company, Republic Exploration LLC ("REX"), was the high bidder on two lease tracts at the State of Louisiana Mineral Lease Sale held on February 14, 2007 in Louisiana. HOUSTON -- Contango Oil & Gas Company (AMEX:MCF) announced today that it has completed the arrangement of a $30 million secured term loan facility with a private investment firm. HOUSTON -- Contango Oil & Gas Company (AMEX:MCF) announced today that it has given notice to the holders of its Series D preferred stock that the Company has elected to convert all of the outstanding shares of Series D preferred stock to shares of common stock. |
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