Wall Street’s love affair with energy heats up as rigs soar – WBNews

Wall Street is throwing the most money at U.S. energy companies since at least 2000 amid growing confidence that the industry is emerging from the worst downturn in a generation. Energy firms raised $6.64 billion in 13 equity offerings in January, drawn in by a rich combination of oil prices consistently above $50 a barrel and a rush to drill that’s doubled the rigs in use in the U.S. and Canada since May. The biggest change from last year: oil-field servicers that provide the rigs, fracking equipment and sand used by drillers. Login required We have used your information to see if you have a subscription with us. So far we have not found one. If you feel you are currently subscribed please click on the button to attempt to find your account. Need an account? Create one now. Back Subscription required We have used your information to see if you have a subscription with us. So far we have not found one. If you feel you are currently subscribed please click on the button to attempt to find your account. Your current subscription does not provide access to this content. Please click the button below to manage your account. Subscribe Thank you for reading and relying on TulsaWorld.com for your news and information. You have now viewed your allowance of free articles. Login Subscribe You must login to view the full content on this page. The most beaten-down sector during a two-year price rout, servicers made up 22 percent…more detail