Nov. 14, 2011, 11:19 AMDelta Petroleum (DPTR -8.3%) trades lower after S&P cut the shares a notch further into junk territory and lowered its outlook to negative late Friday. The move comes two days after the oil-and-natural-gas company said it would likely need to restructure its debt in a move that could include Chapter 11. The stock has fallen hard since hitting a 52-week high near $13 in early March, dwindling down to just pennies on the dollar over mounting debt problems. | Comment!
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Par Petroleum Corp (formerly Delta Petroleum Corporation) is an independent oil and gas company engaged primarily in the exploration for, and the acquisition, development, production, and sale of, natural gas and crude oil. Our core areas of operation are the Rocky Mountain and onshore Gulf... More
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