- Energy XXI (EXXI) -41.7% AH following a Bloomberg report that it is preparing to file for bankruptcy protection as soon as a grace period for missed interest payments expires tomorrow.
- EXXI missed two interest payments on $1.6B of debt on March 15 after suspending dividends on preferred shares and warning that it may seek bankruptcy protection.
- Now read Oil and gas distressed stocks: Russian roulette is a dangerous game - Energy XXI case study