Endeavour International Corp (ENDRQ)

[RLyons116]

Endeavour Wins Approval of Initial Restructuring Deal

"A bankruptcy judge approved a preliminary restructuring deal for Endeavour International Corp . that proposes cutting $568 million in debt from the oil-and- gas company's balance sheet through a debt-for-equity swap with bondholders."

"Judge Kevin Carey of U.S. Bankruptcy Court in Wilmington, Del., signed off on the restructuring support agreement, which has the support of a majority of Endeavour's bondholders, in a Monday order."

From the Dow Jones Bankruptcy News site.

I'd also like to add that Reuters gives ENDRQ a one year PT of $1.00, representing a gain of 2,678%.