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Monday, August 29, 2016

Big Investors Are Getting Back Behind Oil Producers

From Business Insider:
Wall Street's smart money is falling back in favor with the beaten-down energy sector.
Large private-equity investors moved to the sidelines of energy-related corporate debt as the price of crude oil fell. 
These days, however, they are doing the due diligence that precedes making big deals on the sector's continued recovery, according to Thomas McNulty, a Houston-based director in the valuations and financial risk management practice at Navigant. 
These players are observing what may be a bottoming in the oil crash. 
Oil-field services companies, which were hardest hit by the oil downturn, are a good indicator for how the broader industry is turning, according to McNulty.
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