Dan Dicker and Jim Cramer: We Warned You Against Buying Whiting Petroleum

NEW YORK (TheStreet) -- Whiting Petroleum  is taking a tremendous haircut on Wednesday in the market. It was unable to find a buyer and was forced to issue a 35 million-share secondary. This is another clue that the bust phase of shale oil is far from over and a lot more blood is yet to be spilled. I warned investors about betting on Whiting and its plan of finding a suitor when I spoke with Jim Cramer on March 11. Speculators were clearly betting that a buyer of the Bakken oil company would...