Traders Cooperative

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Kozak - MCF (Contango)I don't know much about them.

Looking at their latest presentation, they sound very good, as one would expect. Currently $43/sh, reserve value of $72/share, high inside ownership 23%, no debt Certainly a better option to play nat gas than UNG.

I always worry about dry hole risk in offshore producers and a small red flag about their relationship with their exploration alliance partners and private affiliates. With only 7 employees, I suspect that these side companies develop prospects for an override or carry, which is a small red flag but legitimate and beneficial to Contango so far.

All in all, Contango sounds interesting and will be on my radar.