Contango Oil & Gas (MCF) has been one of the real microcap success stories over the last 12 years. CEO Kenneth Peak is a bit of a rockstar in the smallcap oil & gas industry and rightly so. The company has gone from $0.20 in 1999 to $59 today. For FY 2011, the company did $200m in revenues with $100 million in operating income. Yes, you are reading that correctly. Outside of management execution, a common attribute I see amongst most microcap success stories is a management that treats their shares like gold. The story of Contango is below, it’s an easy read.
Also view the latest Contango investor presentation [HERE]. I also included a picture of slide 8 of the presentation, just classic.
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