Printer Friendly
The Free Dictionary
988,300,296 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

contango

   Also found in: Dictionary/thesaurus, Wikipedia 0.42 sec.
Contango
When the futures price is above the expected future spot price. Consequently, the price will decline to the spot price before the delivery date.

Notes:
This is the opposite of backwardation.


Contango
A market condition in which futures prices are higher in the distant delivery months.

contango
In futures or options trading, a market in which longer-term contracts carry a higher price than near-term contracts. The premium accorded to longer maturities is a normal condition of the market and reflects the cost of carrying the commodity for future delivery. Compare inverted market.

?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? 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 browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.