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After weeks of mystery and months of foreshadowing, the end has finally come for oil and gas E&P (exploration and production) firm Approach Resources (AREX). For months now, I have been arguing that the firm was on its way to declaring bankruptcy, with the only likely way for it to be saved being to sell off a major asset or assets. Sadly, this was not done, and the only possible result is the Chapter 11 filing the company announced on November 18th. Moving forward, investors should expect the firm to restructure itself through