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Contango Oil & Gas is an independent oil and natural gas company. Co.'s business is focused on the production from its offshore properties in the shallow waters of the Gulf of Mexico and onshore properties in Texas and Wyoming. Co. is also engaged in the exploration, development, exploitation, production, and acquisition of crude oil and natural gas properties in West Texas, the onshore Texas Gulf Coast and the Rocky Mountain regions of the United States. According to our MCF split history records, Contango Oil and Gas has had 1 split.
MCF split history picture
Contango Oil and Gas (MCF) has 1 split in our MCF split history database. The split for MCF took place on December 04, 2000. This was a 1 for 2 reverse split, meaning for each 2 shares of MCF owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.

When a company such as Contango Oil and Gas conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the MCF split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Contango Oil and Gas shares, starting with a $10,000 purchase of MCF, presented on a split-history-adjusted basis factoring in the complete MCF split history. MCF split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 07/12/2010
End date: 07/10/2020
Start price/share: $42.82
End price/share: $2.06
Starting shares: 233.54
Ending shares: 245.76
Dividends reinvested/share: $2.00
Total return: -94.94%
Average Annual Total Return: -25.79%
Starting investment: $10,000.00
Ending investment: $506.14
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/12/2010
End date: 07/10/2020
Start price/share: $42.82
End price/share: $2.06
Dividends collected/share: $2.00
Total return: -90.52%
Average Annual Total Return: -20.98%
Starting investment: $10,000.00
Ending investment: $948.62
Years: 10.00
Date Ratio
12/04/20001 for 2
MCF is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

MHC Split History
MMP Split History
MPC Split History
MPET Split History
MPO Split History
MRD Split History
MRO Split History
MTL Split History
MTRX Split History
MUR Split History

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Teligent, Inc. (TLGT)
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