Things are drying up around Abraxas Petroleum Corporation's derricks and a going concern opinion is giving many company creditors pause. We suggest that if you are counterparty to this oil and gas titan, you do the same.
For the second time in four years, Seadrill Limited is bankrupt. The company is the latest in a series of offshore rig firms to seek court protection from creditors following spending cuts by the energy sector in wake of the COVID-19 pandemic.
International vacation and tourism operator Transat A.T. Inc. continues to struggle from pandemic headwinds and a cumbersome debt load. Without a major bump in travel demand sometime in 2021, bankruptcy proves more and more a possible endgame.
Caviar dreams, bankruptcy reality? Large-scale luxury automobile dealership, China Zhengtong, is dealing with acute refinancing risk challenges and looming debt maturities.
Extra, extra! Read all about it: The McClatchy Company, one of the nation's largest newspaper publishers, has filed for bankruptcy protection.
Ultra Petroleum Corporation has filed for Chapter 11 protection for the second time in four years, torpedoed in large part by persistently weak natural gas prices.
Sanchez Energy Corporation has struggled to generate meaningful returns on its assets, and with a total debt-to-assets ratio currently affording creditors little degree of protection from loss, it's time to look at this company with great scrutiny.
No Fly Zone? Triumph Group, Inc.'s fight to stave off bankruptcy will be a major item to watch for counterparties and shareholders alike in the coming months.
Louisiana-based Hornbeck Offshore Services, Inc., an operator of oil supply and support vessels, opted for bankruptcy after an acute collapse in energy prices.