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Stone Energy Delcares Chapter 11 Bankruptcy
Posted on 10/21/16 at 12:37 pm
Posted on 10/21/16 at 12:37 pm
quote:
Stone Energy Corporation has confirmed months of speculation and formally announced entry into a comprehensive restructuring support agreement that "contemplates" filing for Chapter 11 bankruptcy.
In a release posted on its website Thursday, the company (NYSE: SGY) confirmed that it has been discussing restructuring with its stakeholders for some time. The agreement was signed today, the release states, which calls for the restructuring of terms of a pre-packaged plan of the company and the filing of Chapter 11, as well as the sale of the company's Appalacian holdings.
LINK
6
Posted on 10/21/16 at 12:38 pm to ragincajun03
Well, good for them.
Posted on 10/21/16 at 12:39 pm to ragincajun03
Explain why this is OT worthy and not Money Board.
Posted on 10/21/16 at 12:39 pm to ragincajun03
I'm thinking of going long on winter wheat. What do you think, Valentine?
Posted on 10/21/16 at 12:40 pm to ragincajun03
Isnt their golf tournament today, per the poster the other day asking how to act at it?
Posted on 10/22/16 at 3:02 pm to ragincajun03
quote:
Stone Energy Delcares Chapter 11 Bankruptcy
Very misleading title.
Posted on 10/25/16 at 12:25 pm to ragincajun03
quote:
"Although the Company intends to pursue the restructuring in accordance with the terms set forth in the (restructuring agreement) , there can be no assurance that the Company will be successful in completing a restructuring or any other similar transaction on the terms set forth in the (restructuring agreement), on different terms or at all."
Well........ Doesn't that just give you the warm and fuzzies......
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