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ash111

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ash111

Re: Value_Investor post# 576

Sunday, 02/27/2011 3:11:18 AM

Sunday, February 27, 2011 3:11:18 AM

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On Friday, June 19th, Sonoran Energy, Inc. filed for Chapter 11 bankruptcy protection at the US Bankruptcy Court for the Northern District of Texas. The Addison, TX-based debtor listed assets of $47 million (book value) and liabilities of $26.4 million on its Exhibit “A” to the voluntary petition. Unsecured creditors include MI SWACO, Crescent Drilling Foreman and Integrated Production Services.
The debtor is an oil and gas company with operations in Texas and Louisiana.

My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.

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