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  • Writer's pictureIshfaaq Peerally

Whiting Petroleum Stock Analysis

Whiting Petroleum filed for bankruptcy a few weeks ago and it is expected than many other oil companies will do so in the coming months. Whiting Petroleum had a market cap of over $10 billion in 2015 and it now worth only $33 million.

Most people want to stay away from bankrupt companies but sometimes the best deals can come from there.

A $10 000 investment in American Airlines in 2012 (the company filed for bankruptcy in 2011) would have yielded over $1.6 million in 5 years. But most companies when they go bankrupt, we don't hear from them again. Remember Lehman Brothers? Is Whiting Petroleum going to come out of bankruptcy? Is it a good investment? I've looked at all these questions on my research partnership:

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