The Crimson management is now gone.

Recapitalization and major acquisitions have remade the company.

Now management must prove it can run the "new" Contango.

Brad Juneau was a co-founder of Contango.  Putting him back to work at what he does best for Contango shareholders is an excellent idea.

The T. Rowe Price investment is a huge vote of confidence in the future of the company.

For rural municipalities dealing with unpaid property taxes from oil and gas companies, Alberta Premier Jason Kenney suggests communities take legal action under the Municipal Government Act to recoup their lost revenue.

But he also acknowledged that many companies who haven’t paid their taxes are dealing with bankruptcy and don’t have the money to settle their debts.

“They simply don’t have the cash, in some cases, to pay these property taxes, and if these businesses go under there’s no revenue stream from taxation going to these municipalities,” Kenney said Tuesday.

“You can’t wring money from a stone.”

The Rural Municipalities Association said Monday that oil and gas companies owe about $173 million in property taxes to the province’s rural municipalities.

At the time, the association called on the province to help municipalities collect their unpaid dues, saying they have limited recourse for collecting from companies who have declared...

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Investors have retreated from oil and gas stocks, although not for the reason one might think, a survey by global intelligence provider IHS Markit has found.

Even though environmentalists and investors alike are increasingly calling on companies to be more accountable for their environmental footprints, it would appear the oil and gas sector has fallen out of favour with investors, largely for economic reasons.

IHS Markit conducted in-depth interviews with institutional and private equity investors that have a collective $98bn in energy assets under management. The results conclude that economic performance is still significantly more important than environmental, social and governance (ESG) considerations.

Investors identify commodity price volatility, low return on invested capital, and long-term, supply-demand imbalances as the main factors that lead to investment underperformance historically.

“While the stock market has boomed, energy...

Northern exchanged around $76.7 million in second-lien debt for $79.5 million in preferred shares and $2.6 million in cash.

This brings its second-lien debt down to $341 million and slightly reduces its annual cash expenditures.

It appears able to use its credit facility to deal with most of its remaining 2022 and 2023 debt maturities if needed.

Northern's preferred shares could be converted into 100 million common shares, increasing its share count by 25%.