You could very well be correct. Back in about 1998 or '99 I bought CHK at about 60 cents (4000 shares in my IRA account). Unfortunately I sold it at 1.14 or thereabouts. Has since run up to about $70 and is now in the $10 area.
Even at .60 CHK was showing positive cash flow although they temporarily suspended their preferred dividend which was later resumed and the arrears were paid up.
What happens if a lot of drilling and exploration projects get postponed or even canceled because they are not financially viable to invest in now? Won't supply side on crude be hurt next year. Won't we see an upward trend in pricing? Someone tell me how the share price of EPL is not insanely cheap.
In regards to de-listing, there might be DOW 30 companies delisted too if the rules aren't changed.