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…

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