Bottom picking, equity markets… WSJ – Commodity Research Group

February 20, 2016 by Jim Colburn Leave a Comment

The WSJ reports that bottom picking in energy equity markets via new offerings is alive and well… Here are some results from last year:

“Of 58 energy offerings last year, only seven traded at or above their offer price, according to a Wall Street Journal analysis of Dealogic data. U.S.-traded crude has slumped 50% since June.”

But, so far, this year:

“The early returns on 2016’s deals have helped stoke investor interest, said Bill Costello, an energy analyst at investment manager Westwood Holdings Group. “Anybody who has played them has made money,” said Mr. Costello. “I think it gives people encouragement.””

Here is the link:

http://www.wsj.com/articles/energy-firms-tap-deep-well-of-investor-demand-1455820219

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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