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UNTCW Unit Corporation

$2.08
$0.075
(3.75%)
Today
Vol200.00

About UNTCW

Unit Corp. engages in oil and gas exploration, production, contract drilling, and natural gas gathering and processing. It operates through the following segments: Oil and Natural Gas, Contract Drilling, Mid-Stream, and Other. The Oil and Natural Gas segment explores, develops, acquires, and produces oil and natural gas properties. The Contract Drilling segment contracts to drill onshore oil and natural gas wells. The Mid-Stream segment buys, sells, gathers, processes, and treats natural gas. The company was founded by James Donald Bodard and King P. Kirchner in 1963 and is headquartered in Tulsa, OK.
50

Neutral Sentiment

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EverestTrading
$UNTCW A federal judge allowed warrant litigation against Unit Corp (OTC: UNTCW) to proceed after ruling that its Chapter 11 reorganization plan's release provisions do not bar former shareholders' claims. Warrant Lawsuit BackgroundThe Dispute: Former shareholders and 401(k) holders claim Unit Corp quietly altered stock warrant terms right as it exited Chapter 11 bankruptcy in September 2020, stripping away key anti-dilution protections. Recent Ruling: U.S. District Judge George Hanks in Houston ruled that Unit's bankruptcy release shield does not block post-effective-date claims, allowing the lawsuit over warrant terms and dividend adjustments to move forward. This should be much higher.
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