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Contango |
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Contango A market condition in which futures prices are higher in the distant delivery months.
Contango. The price of a futures contract tends to reflect the cost of storage, insurance, financing, and other expenses incurred by the producer as the commodity awaits delivery. So, typically, the further in the future the maturity date, the higher the price of the contract. That relationship is described as contango. If the opposite is true, and the price of a longer-term contract is lower than the price of one with a closer expiration date, the relationship is described as backwardation. 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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There's a large contango play going on, and we've been getting a huge number of enquiries on whether we are able to finance inventories. Contango s independent third party engineer estimates this well to have The Company also announced that the Contango Oil & Gas Company Annual Incentive Plan and Contango Oil & Gas Company 2009 Equity Compensation Plan were both approved by stockholders. |
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