Stephen Lacey is US Editor for International Financing Review, helping to oversee editorial content across the region. He has particular expertise in coverage of the equity capital markets – IPOs, follow-on stock sales, and equity-linked securities – spanning the entire corporate life cycle, from venture and private equity to entry and maturation in the public markets.
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The case for investment in the oilfield services sector has less to do with absolute analysis, and more to do with valuation relative to oil producers. If E&Ps are now fully valued (and they are by historic standards), oilfield services stocks are cheap and offer higher operating leverage to growing oil production.
That biotechs are plying investors for capital is hardly surprising.
Liberty Media is to invite Formula One teams to invest in the race business by offering them the opportunity to purcha