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Oil prices are nearing the widely perceived break-even point of $50 a barrel, but recovery also depends on where oil and gas assets are located.
After delaying the release of its financial statements, the Oklahoma-based oil and gas company warns of a potential bankruptcy filing.
As Energy XXI, SandRidge Energy and Goodrich Petroleum take steps to correct themselves, even more trouble looms.
Here's what to look for in the week ahead to determine whether the recent rally in oil prices is sustainable or just another in a series of false starts.
Key earnings and economic reports in coming days will shed light on whether the billionaire 'super-investor' Soros made the right move by recently dumping major energy stocks.
The rating agency says the delisted E&P company is unlikely to make good on deferred interest payments, which doesn't bode well for the sector.
The Oklahoma-based company, delisted from NYSE last month, now skips an interest payment.
While January's job's data showed many area of strength, it also showed weakness in transportation, warehousing and mining.
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