Feb. 3 at 4:28 PM
$NINE no one is or should be surprised by the outcome here. Nine was a failure and deserved to go bankrupt. It had no viable assets and its debt was simply too high. They didn't even meet payroll in past quarters. More bankruptcies in the oil patch coming soon.
Bankrupted investors in 2020-21 due to Covid:
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California Resources CRC
Gulfport GPRT
Ultra Petroleum ULTP
Whiting Petroleum
Denbury DNBR
Oasis OAS
High Point Resources HPR
Many others such as QEP and Breitburn also faded away. Operators like Callon (CPE) were taken over by Apache (APA) for peanuts. CPE had the worst management ever.
Going bankrupt in 2026 due to Trump’s attack on US energy:
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Ring Energy
$REI
Kosmos Energy
$KOS
Nine Energy NINE (already filed pre-pack Ch. 11)
KLX Energy
$KLXE
Gran Tierra Energy
$GTE
Amplify Energy AMPY
Vaalco EGY
