Whiting Petroleum Corp. (WLL)

[mdimport]

The capital restructure (debt to equity swap) is the most likely option in the short term IMO.

It doesn't make sense for someone to buy the equity right now with uncertainty from the debt hanging over their heads.

I wouldn't be surprised to see $WLL trading closer to the lows of $1.30 before a resolution is reached.

Having said that, with the bonds trading at such low price points, I understand why there's a fear of bankruptcy.