Seeking Alpha

Energy IPOs at record pace after last week's Antero offering

  • The energy sector has raised a record $5.6B YTD through IPOs, such as last week's highly successful $1.57B IPO of Antero Resources (AR), and there's another $3.8B planned IPOs still in the pipeline.
  • Oil and gas companies have been active with offerings, not just to cash out their P-E owners but to buy up properties and rapidly expand their drilling in the most sought-after shale regions while oil and gas prices are supportive.
  • For example, Diamondback Energy (FANG), which has more than 50K acres in the Permian Basin in Texas, has sold more than $500M worth of stock this year through three offerings, each of which has come at a higher share price; shares are up 136% YTD despite the flood of new stock.
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