Hints and tips:
...When Vicki Hollub flew Occidental Petroleum’s Gulfstream V jet to Omaha for a meeting with billionaire investor Warren Buffett in April 2019, she needed cash to place a bet....
...Whiting Petroleum and Oasis Petroleum, two US shale oil producers that went through bankruptcy during the 2020 crude price crash, have announced a merger in the middle of a rally to create a $6bn operator...
...Two smaller oil drillers, Whiting Petroleum and Oasis Petroleum, did go bankrupt in 2020. Both restructured by handing over their equity to creditors....
...The committee will be led by Jeffery Stein, a former executive at US oil group Whiting Petroleum, as chief restructuring officer....
...The list includes high-profile collapses such as JC Penney, Hertz and Neiman Marcus; companies squeezed by the energy downturn such as Whiting Petroleum; and smaller groups where revenues have been hit by...
...US oil and gas group Whiting Petroleum has filed for bankruptcy protection, becoming the first big independent shale producer to succumb to turmoil triggered by the coronavirus pandemic....
...Denver-based shale groups Whiting Petroleum and Extraction Oil and Gas have also already filed, along with a raft of smaller producers....
...Meanwhile, Whiting Petroleum is among other producers to have begun exploring restructuring options....
...Whiting Petroleum, Extraction Oil & Gas, and Chesapeake Energy were the biggest names to go under....
...And where there’s a hostile takeover, you can be sure to find Carl Icahn (see: Occidental Petroleum)....
...Corp bonds QE has been done before (they hold £10bn) still a potential route if credit mkts do seize up down the line....
...Over the past three weeks, Whiting Petroleum, Continental Resources and Endeavor Energy Resources have each raised $1bn in debt....
...at the hub from Kuwait Petroleum....
...Pioneer Natural Resources has hedged about 75 per cent of next year’s production and Whiting Petroleum has hedged about 49 per cent....
...Others, including Whiting Petroleum, have said they can follow suit if oil stays near $50....
...Investors holding debt sold by Whiting Petroleum, Denbury Resources, Oasis Petroleum and Continental Resources have rebounded, with Continental bonds due in 2022 completely reversing losses recorded in December...
...Continental Resources and Whiting Petroleum are cutting back on well completions as part of steep reductions in capital spending intended to stabilise finances following the fall in crude prices....
...Continental Resources and Whiting Petroleum, the two largest producers in the Bakken formation of North Dakota, one of the heartlands of that boom, said this week they were stopping bringing any new wells...
...The subsequent recovery in crude from below $30 a barrel in February bolstered the value of bonds issued by companies such as Chesapeake Energy and Whiting Petroleum....
...Whiting Petroleum, the largest producer in the Bakken formation of North Dakota, said earlier this month that “enhanced completions” — using higher volumes of sand when fracturing wells to release oil —...
...Whiting Petroleum, the US shale oil explorer, is rumoured to be looking for buyers. That suggests last year’s attempts at swelling did not work....
...Over the weekend, Whiting Petroleum went to the top of the list of possible candidates when it emerged that the company had hired bankers to sound out possible buyers....
...Whiting Petroleum, the largest oil producer in the Bakken shale of North Dakota, has hired bankers to seek potential buyers after coming under financial pressure due to plummeting crude prices, according...
...Indeed, other leading shale oil producers including Marathon Oil, Whiting Petroleum and Hess, have said they do not plan to defer completions at all....
...Shares of Whiting Petroleum fell nearly 20 per cent to $30.90 after it played down the prospect of a “significant” deal involving the company but said it would sell shares to repay debt....
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