The video below is part of The Motley Fool's "11 O'Clock Stock" series where we're recommending a new stock every weekday at 11 a.m. ET on Fool.com for 50 weekdays. To see a video of co-founder Tom Gardner explaining the series, click here. To see our original recommendation of Contango Oil & Gas (AMEX: MCF)click here.

In the video below, Motley Fool Special Ops analyst Toby Shute explains why he thinks Contango deserves a place in your portfolio. Shute likes the company for its clean balance sheet and extremely low all-in costs. Its cost structure even beats other efficient operators like Southwestern Energy (NYSE: SWN). However, don't let Contango's conservative balance sheet fool you; the company made some well-timed swings for the fences as well. All things considered, while Shute acknowledges the risks of investing offshore, he thinks an investment in Contango stacks the odds in your favor.

To see Toby Shute's full thoughts on Contango, click on the video below.

Fool contributor Toby Shute doesn't have a position in any company mentioned. Check out his CAPS profile or follow his articles using Twitter or RSS. The Fool owns shares of Contango. The Motley Fool has a disclosure policy.