Energy Issuers Are Saviors in Equities

Marie O'Connor, Colleen
June 2005
Investment Dealers' Digest;6/6/2005, Vol. 72 Issue 22, p30
Trade Publication
The article focuses on developments in equities underwriting. In an otherwise dismal year for U.S. equities, the energy sector has been a pillar of strength for Wall Street underwriters, which have come to rely on it to generate fees and feed a growing investor appetite for the sector. Additionally, capital markets insiders have said that energy-related secondary issuance, while down from last year, still remains robust, especially compared with that of other sectors. It has been a grim year so far for equities in general. By the end of May, issuance of all U.S. common stocks was down 69.6% compared with the same period last year. But energy issuance is bucking that trend.


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