S&P Downgrades Ultra Petroleum (UPL) to 'CC'' Following Move to Defer Debt Payment
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California Resources (CRC) Gains Sharply
March 3, 2016 11:14 AM ESTCalifornia Resources (NYSE: CRC) is gaining sharply. Shares are up 41%. CRC is just one left-for-dead oil company with high debt seeing upside after Ultra Petroleum (NYSE: UPL) was granted waivers and amendments with lenders yesterday. Short covering is contributing.
... MoreUltra Petroleum (UPL) Surges for Second Day Following Waiver and Amendments with Lenders
March 3, 2016 11:04 AM ESTAfter gaining 97% Wednesday, Ultra Petroleum (NYSE: UPL) is up another 53% today. Yesterday the company announced it entered into waiver... More
