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. The position was disclosed on the back of the merger between Contango and Crimson Exploration Inc. (NASDAQ:CXPO).
In a second filing, several of Oaktree’s affiliates disclosed closing out their positions in Crimson. Oaktree Capital Management in its latest 13F disclosed holding 15.5 million shares of the company.