An investigation on behalf of investors in NYSEMKT:MCF shares over potential wrongdoing at Contango Oil & Gas Company was announced.
San Diego, CA -- (SBWIRE) -- 04/07/2017 -- Certain directors of Contango Oil & Gas Company are under investigation over possible wrongdoing. The investigation was announced on behalf of current long-term investors in NYSEMKT:MCF shares concerning potential breaches of fiduciary duties by certain directors at Contango Oil & Gas Company.
Investors who purchased shares of Contango Oil & Gas Company (NYSEMKT:MCF) and currently hold any of those NYSEMKT:MCF shares have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Contango Oil & Gas Company officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Contango Oil & Gas Company reported that its annual Total Revenue declined from $116.50 million in 2015 to $78.18 million in 2016 and that its Net Loss declined from $355.05 million in 2015 to $58.03 million in 2016. Shares of Contango Oil & Gas Company (NYSEMKT:MCF) declined from $68.74 per share in October 2011 to as low as $4.19 per share in early 2016.
On April 6, 2017, NYSEMKT:MCF shares closed at $7.46 per share.
Those who purchased shares of Contango Oil & Gas Company have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego