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markp1950

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markp1950

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Friday, 05/13/2016 7:41:30 PM

Friday, May 13, 2016 7:41:30 PM

Post# of 63559
SandRidge Energy, which owes $4.13 billion, said in its annual financial report that auditors have raised doubts about its ability to stay in business. It delayed releasing its first-quarter results, citing ongoing discussions with creditors on a “potential comprehensive restructuring transaction.”
http://www.bloomberg.com/news/articles/2016-05-12/oil-at-45-a-barrel-proving-no-savior-as-bankruptcies-add-up
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