Oil prices imploded earlier this year, which has decimated many oil stocks. Things have gotten so bad that several have already declared bankruptcy. That trend is likely to continue in the coming months.
The list of at-risk oil stocks seems to be growing by the day as companies update the market on their deteriorating credit profiles. Four that seem to be likely bankruptcy candidates this year are Borr Drilling (NYSE:BORR), California Resources (NYSE:CRC), Denbury Resources (NYSE:DNR), and Oasis Petroleum (NYSE:OAS).