Cano Petroleum Seeks Ch. 11 Sale Amid Cash Woes

By Max Stendahl (March 8, 2012, 12:20 PM EST) -- Cano Petroleum Inc. told a Texas federal bankruptcy judge on Wednesday that it was looking to sell its assets to NBI Services Inc. in a $47.5 million stalking horse deal, after the oil driller's capital well ran dry....

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