Published on: 07/06/2016

Stock Sales Rise, but Money Still Scarce for Drillers

Though private equity firms and stock investors are primed to pour money into drillers’ bank accounts, they are unlikely to match the $500 billion that lenders showered on oil companies before the bust.  Stock sales rise, but money still scarce for drillers – Houston Chronicle

“There are so many people that are shell shocked, and so many people thought they were making a safe bet in oil,” said Worth Wray, chief economist and global macro strategist at Avidian Wealth Management in Houston. “They thought that the oil boom was something durable, but it ended up being a bubble.”

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