Oil Company stock offerings, 2016…WSJ – Commodity Research Group

January 4, 2017 by Jim Colburn Leave a Comment

Many oil producers that raised money from stock offerings are now doing well, says the Wall Street Journal here: http://www.wsj.com/articles/oil-companies-that-sold-shares-during-collapse-are-now-riding-high-1483353003

Note that peak offerings in 2016 were done around the low price of the year:

I liked this quote:

““That low of a price was unsustainable,” said Matthew Stephani, senior portfolio manager at Cavanal Hill Investment Management, which manages $7.3 billion and bought new shares sold by Encana Corp. and three companies that sell services and supplies to producers. “It’s not so much what you do in booms that creates wealth, but more how you act in busts.”’

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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