Will Whiting Petroleum Come Back?

Whiting Petroleum spent from April to September undergoing a reconstruction during Chapter 11 bankruptcy. It emerged with shareholders receiving a 75:1 trade on the new stock and approximately two thirds of its debt wiped out. ... And there's no guarantee the oil industry will bounce back.

Is Whiting Petroleum stock a good buy?

There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Whiting Petroleum stock.

What's happening with Whiting Petroleum?

Eventually, on April 1, 2020, Whiting filed for Chapter 11 protection. The ensuing restructure plan, announced September 1, 2020, gave debt holders 97% of newly issued common stock, leaving just 3% new common stock for existing shareholders. Whiting today is a different animal to its previous incarnation.