This is a signal that WLL's price trend could be reversing, and it may be an opportunity to buy the stock or explore call options. Tickeron A.I.dvisor identified 67 similar cases where WLL's stochastic oscillator exited the oversold zone, and 55 of them led to successful outcomes. Odds of Success: 82%. Current price $17.75 crossed the resistance line at $20.80 and...
Whiting Petroleum Completes Reorganization
Approximate $3.0 Billion Reduction in Funded Debt; Trading of New Common Stock to Commence on NYSE under Ticker "WLL" on September 2, 2020
successfully completed its financial restructuring and emerged from Chapter 11 protection. Whiting officially concluded its reorganization after completing all required actions and...
Resting on local trend support
At 0.236 fib retracement
Could be forming a double bottom
Ideal entry as of August 12, 2020: $0.93
Expected Resistance/ Scale Out: $1.03, $1.12, $1.33, $1.50
Stop Loss: $0.90
What is WLL?
WLL is a top crude oil producer in North Dakota with assets in Northern Colorado
Why am I interested in this trade...
Where's all my Whiting bulls at? I know you guys made me famous on TV & now you bull r thinking Im all bearish en shit. But I say no I'm just waiting for this bottom TL on my triangle to be tested. I have had much luck with my wll triangles in the past. I mean when I set a bid on that Triangle BTL it has been filled 100% of the time and then WLL kabooms back over...
"-This oil and gas company is expected to post quarterly loss of $1.48 per share in its upcoming report, which represents a year-over-year change of -428.6%.
-Revenues are expected to be $153.65 million, down 64% from the year-ago quarter."
Bankrupt shale driller Whiting Petroleum Corp. says it’s on track to emerge from bankruptcy this summer after filing Chapter 11.
Yet in the Denver-based oil company’s agreement with its bondholders, 97% of the new equity from the reorganization will go to Whiting’s debt investors, while only 3% will go to the current holders of Whiting’s stock.
Wll has a Market...