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Saturday, 16 December 2017

Stephen Lacey' s stories

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  • Source Energy pulls plug on C$250m IPO

    Ticker | 22 March 2017

    The risks of marketing oil and gas IPOs are high right now.

  • Easterly Government pre-funds acquisitions

    Ticker | 22 March 2017

    As FBI Director James Comey testified before Congress on Monday, investors were listening to one of the agency’s landlords, Easterly Government Properties, outline its latest acquisitions.

  • PE firms focus on energy-dedicated SPACs

    Ticker | 20 March 2017

    Special purpose acquisition companies (SPACs) are carving out a niche as an alternative to traditional IPOs, and the energy sector is taking center stage.

  • ProPetro leads parade of oilfield services

    Equities | 17 March 2017

    The “IPO discount”, typically 10%-15%, is only valid as long as valuations of the public comparables are stable or rising. When those comparables fall, the discount narrows and the IPO valuation must be revised accordingly.

  • ProPetro front-runs oilfield services crush

    Equities | 10 March 2017

    Oilfield services are expected to dominate the near-term ECM pipeline.

  • A Square payment device

    Square shows ambitions with US$400m CB

    Top News | 03 March 2017

    Square and its chief executive Jack Dorsey re-engaged the capital markets last week as the company embarked on a transition from payment processor to full enterprise software provider.

  • Square scales ambitions with US$400m convertible bond

    Ticker | 01 March 2017

    Square strengthened its balance sheet on Wednesday with an upsized US$400m convertible bond, adding momentum to a stock bolstered by better-than-expected quarterly results last month.

  • New Gold funds Rainy River project

    Equities | 24 February 2017

    Amid cost overruns, Canadian miner secures US$150m overnight

  • Golar LNG tanker

    Golar charts course for FLNG future

    Top News | 17 February 2017

    Despite a cost of US$1.4bn-plus a pop, floating liquefied natural gas vessels hold the potential to further commoditise the transport of natural gas globally. The vessels – essentially ships that produce, liquefy and transfer LNG – are cheaper than land-based facilities and carry less environmental and political baggage.

  • NGL Energy Partners re-energises for growth

    Equities | 17 February 2017

    NGL Energy Partners, a midstream MLP, has spent the better part of the past year reconstructing a once-sprawling empire. Asset sales, a distribution cut and a high-cost private investment were all steps undertaken on the road back to growth.