TITLE

Despite Spinnaker IPO, energy firms avoid public marts

AUTHOR(S)

Lacey, Stephen

PUB. DATE

October 1999

SOURCE

Investment Dealers' Digest;10/18/99, Vol. 65 Issue 41, p7

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

Reports on the United States-based energy industry's desire to look for alternatives to the public equity market despite Spinnaker Exploration Co.'s initial public offering (IPO). Increase in the oil and natural gas prices; Spinnaker's affiliation with Petroleum Geo-Services; Weak performance of the Spinnaker shares since the IPO; Cross Timbers' alternative approach to IPO.

ACCESSION #

2410517

Tags: GOING public (Securities);  ENERGY industries;  SPINNAKER Exploration Co.;  PETROLEUM Geo-Services ASA

 

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