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benfrankledger

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benfrankledger

Re: mick post# 1645

Monday, 05/21/2018 5:52:30 AM

Monday, May 21, 2018 5:52:30 AM

Post# of 1666
$REXX Rex Energy (NASDAQ:REXX) says it is filing for Chapter 11 bankruptcy after failing to reach agreement with its lenders after missing a debt payment last month.

Rex says it lost ~$53M in Q1 and reports an outstanding loan balance of $274M as of March 31.

The company, which is active in the Marcellus and Utica shales, says it still plans to drill and complete several wells during the rest of the year.

Track Record In Real Time:
Skype: JettLoneStar Twitter: JettLoneStar

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