Whiting Petroleum Plans $20M In Cost Cuts, Provides 2H Guidance; Shares Rise 2020/09/17 13:26:28 Smarter Analyst
Whiting Petroleum plans to cut its workforce by 16%, to save $20 million in annualized costs. The oil and gas company also provided … The post Whiting Petroleum Plans $20M In Cost Cuts, Provides 2H Guidance; Shares Rise appeared first on Smarter Analyst .
Whiting Petroleum Announces 2020 Guidance and Organizational Changes to Better Position the Company for 2021 2020/09/16 21:19:00 Business Wire
DENVER--(BUSINESS WIRE)--Whiting Petroleum Announces 2020 Guidance and Organizational Changes to Better Position the Company for 2021
Whiting Petroleum Emerges From Bankruptcy, Decimating Old Shareholders (NYSE:WLL) 2020/09/08 06:54:03 Seeking Alpha
Whiting's old shares were exchanged for new shares at a 75 to 1 ratio. Thus a new $23 share price is equivalent to an old $0.31 share price.
Whiting Petroleum ends bankruptcy after shedding $2.4B in debt 2020/09/03 19:51:47 GreeleyTribune
DENVER — Whiting Petroleum Inc. (NYSE: WLL) has exited Chapter 11 bankruptcy, months after becoming the first major oil producer in Colorado to declare bankruptcy under the financial pressures impo…
Company Conference Presentation (NYSE:WLL) 2020/09/03 16:39:14 Seeking Alpha
The following slide deck was published by Whiting Petroleum Corporation in conjunction with this event.
The Owners of Whiting Petroleum Stock Could Have Seen the Writing on the Wall 2020/07/20 14:48:35 InvestorPlace
Whiting Petroleum's CEO, Brad Holly, got a pay raise when it filed for bankruptcy. That’s not good news for the owners of WLL stock.
Whiting Is Not Out of Bankruptcy and WLL Stock Is Still Overvalued 2020/07/16 12:57:36 InvestorPlace
Whiting Petroleum is still overvalued despite its recent drop. Don't buy WLL stock, as it is still 35% overvalued, even if oil rises.
Whiting Petroleum Is Mathematically a True Gamble 2020/07/10 16:32:23 InvestorPlace
The seemingly pointless WLL stock does technically have a point. But it’s such a limited narrative that most people should avoid it.
POWER PLAYERS: Meet the bankers, traders, investors, and lawyers seeing huge opportunities in a wave of bankruptcies 2020/06/30 12:03:00 Business Insider
A wave of restructurings and Chapter 11 filings has put a group of investors, lawyers, and bankers back in the spotlight. Distress investing, which looks to take advantage of bankruptcies and other high-risk situations, struggled to find opportunities for years. More opportunities and flow are also likely to come the way of Wall Street's distressed-debt desks. Sign up here for our Wall Street Insider newsletter. The coronavirus has slammed global economies and sending company revenues plunging. But the chaos is an opportunity for a group of advisers, traders, and investors who have been waiting years for a big shakeout. Retailers including JCPenney and Neiman Marcus have filed for Chapter 11 bankruptcy, along with energy names like Chesapeake Energy and Whiting Petroleum. The parent company of Chuck E. Cheese , the family fun center known for its playgrounds and skee-ball games, has also filed for bankruptcy protection. As the economic fallout spreads, more opportunities are coming to the lawyers and bankers who advise troubled companies.
Chesapeake Files For Bankruptcy, Wiping Out $7 Billion In Debt And Any Existing Equity Value 2020/06/28 21:33:16 Zero Hedge
Chesapeake Files For Bankruptcy, Wiping Out $7 Billion In Debt And Any Existing Equity Value Tyler Durden Sun, 06/28/2020 - 17:33 After years of melting, the Chesapeake icecube is finally history: at exactly 350pm on Sunday afternoon, the company that many say launched the US shale boom, finally gave up and filed for a pre-packaged bankruptcy in the Southern District of Texas. In so doing, the company with roughly $10 billion in debt has become one of the biggest victims of a spectacular collapse in energy demand from the virus-induced global recession, and follows the collapse of another high-flyer in the US oil patch, Whiting Petroleum, which filed for Chapter 11 at the start of April after championing what was once the premiere U.S. shale field, the Bakken of North Dakota. As part of its prepack agreement, Chesapeake announced that it had entered into a Restructuring Support Agreement ("RSA") with 100% of the lenders under its revolving credit facility, holders of approximately 87% of the obligations under its Term Loan Agreement, approximately 60% of its senior secured second lien notes due 2025, and approximately 27% of its senior unsecured notes, pursuant to which Chesapeake will implement a Chapter 11 plan of reorganization to eliminate approximately $7 billion of debt .