Stone Energy Threatened with De-listing by NYSE

Stone EnergyAs we commented in April, there’s no way to sugarcoat the fact that Stone Energy–an independent oil and natural gas exploration and production company (E&P) headquartered in Lafayette, Louisiana that drills mainly in the Gulf of Mexico but also has a presence in the Marcellus/Utica Shale with 75,000 acres of leases–is inching toward a bankruptcy filing (see Stone Energy Appoints Special Liaison, Inches Toward Bankruptcy?). Stone now has another problem: the New York Stock Exchange sent the company a warning that unless they get the per-share price of the stock boosted, it will be de-listed from the NYSE…

Please Login to view this content. (Not a member? Join Today!)
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.