Howard Marks‘ Oaktree Capital Management now holds around 1.3 million shares of Contango Oil & Gas Company (NYSEMKT:MCF), a new filing with the SEC revealed. The position held by Oaktree represents 6.8% of the company. At the same time, Oaktree’s managing director, B. James Ford was appointed to the Board of Directors of Contango.
In a second filing, several of Oaktree’s affiliates disclosed closing out their positions in Crimson Exploration Inc. (NASDAQ:CXPO). Oaktree Capital Management, which in the latest 13F disclosed holding 15.5 million shares of the company, was not mentioned in the filing.
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