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3 Oil Stocks That Could Go Bankrupt in 2020

3 Oil Stocks That Could Go Bankrupt in 2020

This year's oil market downturn has sparked a steady stream of bankruptcy filings in the industry. More bankruptcies seem inevitable despite the recent rebound in crude oil prices because so many oil companies are in financial trouble. Three that look like the next dominos to fall are oil producers California Resources (NYSE: CRC), Denbury Resources (NYSE: DNR), and offshore driller Valaris (NYSE: VAL).