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Re: gm99 post# 175

Monday, 03/20/2017 11:13:13 AM

Monday, March 20, 2017 11:13:13 AM

Post# of 224
Since they have already filed for bankruptcy in January I would think it is already mostly priced into the stock. We will see if they can find a way out of it with a reorganization plan.

"New York, February 01, 2017 -- Moody's Investors Service downgraded Memorial Production Partners LP's (MEMP) Probability of Default Rating (PDR) to D-PD from Ca-PD/LD, following the company's announcement in January that it has voluntarily filed for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division."