All grades should be cut because the Dubai contango
is deeper than last month," said a trader.
The Pelican plant is scheduled to process up to 100 MMcf/d as Contango
initiates production from its Mary Rose-1 and -3 wells.
As can be seen from Figure 4, the market shifted from backwardation on January 1, 2003, to contango
by July 2006.
According to Contango
Capital, the fund, Contango
Capital Partners I L.
Joe Romano said, "I am excited to have the opportunity to lead Contango
which has had such extraordinary success since its founding in 1999.
Banks, oil majors and trading companies with access to cheap credit are looking to reap the benefits of a market structure known as contango
, where future prices are higher than the prompt, that tends to emerge in times of oversupply.
So I'm thrilled that George has agreed to take on another role at Contango
and oversee the work of our Investment Committee, which is tasked with developing and managing investment strategies for clients," said David Magee, Contango
According to Contango
, Trulite is currently under contract with the Navy Research Laboratory to develop a HydroCell, the company's hydrogen storage device, for a fuel cell-powered unmanned aerial vehicle and has plans to develop commercial applications for the product, such as portable remote power applications and backup power supplies for computers and communications equipment.
Owen brings a combined expertise in operational and financial management to his new role at Contango
, together with a significant breadth of experience across industries.
HOUSTON -- Contango
Oil & Gas Company (NYSE MKT: MCF) announced today that it has reached total depth on its Ship Shoal 134 prospect (Eagle) and no commercial hydrocarbons were found.
wealth managers also work closely with Zions' banks in their markets, offering wealth management services to bank customers.
chief executive officer George Feiger explained: "Combining Contango
's high-level analysis and access to sophisticated investment products with BG Associates' strong reputation and commitment to goal-oriented, family investing allows us to bring a level of wealth management to Arizona that I believe is unparalleled in the state.