A few weeks ago, Whiting Petroleum filed for a Chapter 11 Bankruptcy. The oil company already negotiated with its bondholders, giving them 97% of equity in the company instead of paying the debt outstanding. Whiting Petroleum expects to come out of bankruptcy in five months and they recently got a notice from the NYSE that they may be delisted if their shares remain below $1.
The stock price of Whiting petroleum gained nearly 400% in just a couple of days. Is it time to buy Whiting Petroleum? You can read the full analysis on my research partnership: https://ishfaaqpeerally.teachable.com/courses/662813/lectures/16458253