Extraction Oil & Gas Inc. has said there is a good chance that it will file for bankruptcy, but weak business fundamentals haven’t stopped investors from snapping up its shares.
The Denver-based company, which saw its stock beaten down to 21 cents in March, this week has surged to a coronavirus-era high. Shares closed Tuesday at $1.03, down from $1.48 on Monday.
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June 10, 2020 at 06:17AM
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Extraction Oil Shares Soar Despite Bankruptcy Warning - Wall Street Journal
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