RE:QUESTION...COS could potentially go bankrupt by itself, but unlikely. To go bankrupt here is what it would take. They would go to the banks for a loan. The banks would say no. They then would try for a share offering. The banks would price it so low that it would not be worthwhile. At that point, they would look around for a buyer or the bond holders would step in and take it over.
A highly unlikely scenario provided oil gets back to $60, say by mid year.
As for tonight, the numbers will be positive. CF will be 38¢/shr and earnings 12¢/shr. Provided that they drop the divy to 5¢/shr, they should add around $45M to their cash stash. Combined with their current $150M, that should get them almost to the end of June with SCO around $50. If SCO is still around $50 by early April, expect to see a share offering.
Namsoc