So is a 5% fall in short interest a sign of life? "SABINE OIL & GAS CORPORATION (OTCMKTS:SOGCQ) Sellers ... fdanewsalert.com? - 22 hours ago The stock of SABINE OIL & GAS CORPORATION (OTCMKTS:SOGCQ) registered a decrease of 5.83% in short interest. SOGCQ's total short interest was 1.68M ..."
others: "Sabine Oil & Gas Kicks Off Trial Over Merger Tom Corrigan February 08, 2016 (c) 2016 Dow Jones & Company, Inc. Sabine Oil & Gas Corp .'s failed merger with Forest Oil Corp . took center stage Monday at a bankruptcy-court trial that is likely to determine the future direction of its chapter 11 case. Sabine and its creditors sparred over the merger and Sabine's subsequent plan to restructure nearly $3 billion in debt, a strategy that junior creditors say is designed to shortchange them.... To continue reading this story login at the top right or try the product Document DJFDBR0120160208ec28p16ln" http://bankruptcynews.dowjones.com/Article?an=DJFDBR0120160208ec28p16ln&cid=32135012&ctype=ts&pid=310&ReturnUrl=http%3a%2f%2fbankruptcynews.dowjones.com%2fArticle%3fan%3dDJFDBR0120160208ec28p16ln%26cid%3d32135012%26ctype%3dts%26pid%3d310 "Privately held, Houston-based exploration and production companySabine Oil & Gas Corp. (“Sabine”) drilled into the No. 8 spot on the Top 10 List for 2015 when it filed for chapter 11 protection on July 15, 2015, in the Southern District of New York with $2.4 billion in assets against $2.9 billion in debt. Like many of its competitors, Sabine has been hamstrung by a combination of cratering oil prices, low natural gas prices, and substantial debt. It has been negotiating with creditors since March 2015 to restructure its obligations, so far without success." http://www.lexology.com/library/detail.aspx?g=b24af30c-59c6-43c6-ba1f-30b886a463fa
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