Ping.
In an operations update last week EXXI said it expends $52 in cash for every BOE (barrel of oil or natural gas equivalent) it produces. At current commodity prices it’s losing at least $10 per BOE, of which it produces more than 55,000 per day. Interest payments and preferred dividends amount to $19 per BOE. That’s a lot of cash burn.
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Looks like a question only of when, not if, bankruptcy occurs.