Both the previous posters need to be careful with XOG as a Ch. 11 seems to be imminent ... for 2 reasons. XOG failed to make the May 15th interest payment due on its 2026 bonds, and second, they just paid out a hefty $6.7 million to 16 top execs, per Bloomberg news yesterday.
Business Extraction Gives Executives Bonuses Ahead of Possible Default By Kevin Crowley June 11, 2020, 4:57 PM CDT
Colorado-based driller to pay $6.7 million to 16 top employees Extraction failed to make interest payment on bond last month
Both the previous posters need to be careful with XOG as a Ch. 11 seems to be imminent ... for 2 reasons. XOG failed to make the May 15th interest payment due on its 2026 bonds, and second, they just paid out a hefty $6.7 million to 16 top execs, per Bloomberg news yesterday.
Business Extraction Gives Executives Bonuses Ahead of Possible Default By Kevin Crowley June 11, 2020, 4:57 PM CDT
Colorado-based driller to pay $6.7 million to 16 top employees Extraction failed to make interest payment on bond last month