These 5 companies are on a crash course for bankruptcy

From Matt Badiali, Editor, Stansberry Resource Report:

The oil sector is tempting investors today.

After all, many of these stocks are historically cheap… and now there are talks of a potential oil deal.

On Wednesday, my colleague Brian Weepie gave Growth Stock Wire readers a dire warning: Beware Chesapeake Energy (CHK). But Chesapeake isn’t the only energy stock that could tempt investors today…

As you can see from the following chart, oil stocks – as measured by the SPDR S&P Oil and Gas Exploration and Production Fund (XOP) – are down more than 70% since July 2014…

The collapse in XOP shares shows how low oil prices have badly hurt these businesses. Suddenly, they can’t pay their bills from the money they make selling oil. Some companies, like Chesapeake, could end up bankrupt.

According to a recent report by consulting firm Deloitte, 21 oil explorers filed for bankruptcy in…

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