Whiting Petroleum Corp: Is it possible to come back after bankruptcy? Many companies suffered in 2020 and declared bankruptcy due to the spread of the Corona pandemic and the subsequent measures to restrict movement and movement, as government measures around the world affected basic production and service sectors. One of the companies that have suffered a lot in recent times is Whiting Petroleum Corp. (WLL), a hydrocarbon exploration company regulated in Delaware and headquartered in Denver, Colorado. Oil producer Whiting Petroleum has bought large parts of the Bakken oil field over the past few years, accumulating a massive amount of debt it was struggling to cover by the end of 2019. With hundreds of millions of dollars of debt due in 2020, plus several billion more over the following years, Whiting Petroleum was in trouble. Then the first and second blow in the price war between OPEC and Russia along with the pandemic-induced drop due to travel restrictions drove oil prices to historic lows, sending the company's business up and stocks down more than 90% in the three months before the company was filing for bankruptcy on April 1, 2020. In brighter news, Whiting is trying to get back on its feet by next year after reducing its debt by $3 billion and creating a $750 million credit facility and shares are up more than 34% since the beginning of the year. Accordingly, it is required to develop an integrated strategic plan for Whiting Petroleum in a manner that achieves the strategic goals, provided that this plan includes - for example, but not limited to - the following aspects:

what is the Microenvironment analysis?

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The microenvironment of an organization relates to the immediate periphery of a company This periphery naturally has a strong influence on the organization The micro environment is therefore also refe... View the full answer