Oil-Rich but Cash-Dry? This Banker Gets the Call

Shares in just 10 of 59 follow-on deals traded above their offer price at the end of 2015, and the shares sold by energy producers last year are collectively down $5.7 billion Credit Suisse was involved in four of the deals that have made money for investors, and Mr. Santangelo said many of the othe...

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Bibliographic Details
Published inDaily Bankruptcy Review
Main Author By Ryan Dezember
Format Trade Publication Article
LanguageEnglish
Published New York Dow Jones & Company Inc 04.01.2016
Subjects
Crude oil prices
Energy industry
Investments
Lines of credit
Prices
Securities markets
United States > US
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Summary:Shares in just 10 of 59 follow-on deals traded above their offer price at the end of 2015, and the shares sold by energy producers last year are collectively down $5.7 billion Credit Suisse was involved in four of the deals that have made money for investors, and Mr. Santangelo said many of the others have outperformed the SIG Oil Exploration and Production stock index, an industry benchmark, which fell 46% in 2015.