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Black Diamond, Carlson Capital continue to invest in Cano Petroleum
By Lisa Kerner
Charlotte, N.C., Sept. 25 - Investors led by Black Diamond Offshore Ltd. and Carlson Capital, LP bought 590,300 shares of Cano Petroleum, Inc., increasing their interest in the company to 8.5% from 7.2%.
The shares were acquired between Sept. 10 and Sept. 23 at prices from $2.63 to $2.79 each, it was reported in a schedule 13D filed with the Securities and Exchange Commission.
The investors beneficially own 3,914,518 shares of the Fort Worth-based oil and natural gas company.
On Aug. 25, Black Diamond and Carlson Capital reported the purchase of 2,854,800 Cano Petroleum shares and an initial 6.2% stake in the company.
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