Pioneer Files for Bankruptcy?
I just saw this come up on CBS7. Pioneer Energy Services has filed for chapter 11 bankruptcy. They haven't reported a profit since 2014, but if I remember correctly, chapter 11 can indicate that a company is planning on growing. Pioneer has no plans to shut down from what I can tell by the report, but you can draw your own conclusions. Below I have supplied the link to the report CBS7 shared, because I am by no means a news reporter. Feel free to give your opinion in the Facebook comments after reading. https://www.cbs7.com/content/news/Pioneer-Energy-Services-files-for-bankruptcy-568442171.html