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$1 billion in debt not lost $12 billion

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tdeck Member Level  Wednesday, 04/24/19 07:12:48 AM
Re: hondaboost post# 81
Post # of 115 
$1 billion in debt not lost $12 billion now all oil companies profits will be rising so that will help with sorting everything out IMHO, let's just see.

Simple headline from the Business Journal proves you have a problem with the truth.

"Jones Energy bankruptcy filing: More than $1B in debt, but hopeful for a quick turnaround"

That's why BK's are good plays, once the bottom is had accumulate, shorts just love pushing that "it's going to .01 a share" narrative.

From the Oil&Gas Jornal

The company said the plan will enable it to maintain operations as usual.

The company produces oil and gas in the Merge play of Oklahoma and in the western Anadarko basin of Oklahoma and the Texas Panhandle.

https://www.ogj.com/articles/2019/04/jones-energy-files-voluntary-bankruptcy.html

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