Tortoise on CNBC.com

Crude oil’s plunge below $50 a barrel is killing the oil and gas IPO market

The return of oil and gas initial public offerings was nice while it lasted.

Energy companies aiming to go public are staying on the sidelines as crude prices struggle to keep above $50 a barrel, analysts and investment professionals say. The price weakness has halted a recovery in stock debuts in the energy sector, which typically accounts for one-tenth of the overall IPO market.

Read more here: http://www.cnbc.com/2017/06/16/crude-oils-plunge-below-50-a-barrel-is-killing-the-oil-and-gas-ipo-market.html

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