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(Teun van den Dries/Getty Images/iStockphoto)

Proxy battle over oil patch junior leaves bitter taste

A proxy battle pitting the most recognizable (former) chief executive officer in Canada’s oil patch against a recognizable (former) energy investment banker has fizzled – but the testy relationship remains.

FrontFour Capital Group LLC, an investment house, was going after Renegade Petroleum Ltd., a junior oil company. Zachary George co-founded FrontFour and had support from Suncor Energy Inc.’s former CEO Rick George – his dad. In the other corner, the outspoken Tom Budd, the former head of investment banking at GMP Securities Ltd.