Investors Beware! These Energy Stocks Could Go Bankrupt in 2021
Oil demand cratered last year because of the COVID-19 outbreak. The pandemic caused crude prices to plummet, wreaking havoc on the oil industry. The downturn unleashed a wave of bankruptcies across the oil patch, as financially struggling companies had no other option to restructure their burdensome debt.
While market conditions have improved in recent months, several oil stocks remain on fragile footing. We likely haven't seen the end of the current bankruptcy wave. Here are a few energy stocks that might file for bankruptcy before the end of the year.
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Source Fool.com
