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Last month Real Money reported on three troubled oil and gas companies -- two filed for chapter 11 protection this week.
After delaying the release of its financial statements, the Oklahoma-based oil and gas company warns of a potential bankruptcy filing.
As Energy XXI, SandRidge Energy and Goodrich Petroleum take steps to correct themselves, even more trouble looms.
The rating agency says the delisted E&P company is unlikely to make good on deferred interest payments, which doesn't bode well for the sector.
The Oklahoma-based company, delisted from NYSE last month, now skips an interest payment.
While January's job's data showed many area of strength, it also showed weakness in transportation, warehousing and mining.