- After a relief move up yesterday, Bonanza Creek Energy (BCEI) -- which tumbled 58% Friday on news it would file for bankruptcy -- is off another 19% premarket today.
- The Denver-based company said it planned to eliminate $850M in debt and provide $200M in new equity with a Chapter 11 restructuring. It expects to file by Jan. 5 and exit bankruptcy protection in the first quarter.
- Bankruptcy filings for oil and gas producers more than doubled this year vs. last year.
Bonanza Creek Energy resumes decline after bankruptcy news
Recommended For You
About CIVI Stock
Related Stocks
| Symbol | Last Price | % Chg |
|---|---|---|
| CIVI | - | - |
| Civitas Resources, Inc. | ||