Replies to post #410 on Whiting Petroleum Corp. (WLL)

[mdimport]

The risk for $WLL creditors is do they take a haircut on some / all of their debt, or do they wait and see what happens.

In the wait and see scenario, $WLL's debt and debt servicing costs continue to impact the theoretical equity side of the capital structure.





https://www.sec.gov/ix?doc=/Archives/edgar/data/1255474/000125547420000007/wll-20191231x10k.htm#Item8FinancialStatementsandSupplementary


At some point there will need to be a haircut, which is what the deterioration in some of the bond issues shows. Red circles indicate likely haircut candidates.



http://finra-markets.morningstar.com/BondCenter/Results.jsp