North American energy IPOs set to rebound in 2018 as oil price stabilizes: Reuters
Higher oil prices and a positive earnings outlook for energy companies are expected to fuel a rebound in North American oil and gas initial public offerings in 2018, with bankers betting investors will remain optimistic about the sector even if the broader stock market remains volatile, Reuters reported. IPOs in the United States and Canada could reach their highest in four years, and oilfield services companies are seen leading the recovery, given their pressing capital needs. Potential Canadian exploration and production candidates for IPO include Canbriam Energy and Velvet Energy, two sources said. Calgary's Canbriam and Velvet are both private equity-backed.
12 March 2018•4 mins read
