Jim Cramer on Energy XXI’s Bankruptcy
Jim Cramer says there are plenty of lessons to be learned by the bankruptcy of Energy XXI.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said there are plenty of lessons to be learned by the bankruptcy of Energy XXI (EXXI) . 'If you see any of these oil companies that made big expenditures to buy acreage in that period of the third quarter of 2013 to the third quarter of 2014, be suspicious,' Cramer said.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
