| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,505,771,168 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Contango |
Also found in: Dictionary/thesaurus, Wikipedia | 0.04 sec. |
|
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. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
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. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|