Tags » Energy Stocks
A well known Wall Street economist once told me that when he entered the financial arena his boss said to him that “markets make forecasts, forecasts do not make markets”. 804 more words
The oil slump is drawing interest from some of the savviest bargain hunters on Wall Street.
Veteran hedge-fund manager Wilbur Ross, Blackstone Group LP’s GSO Capital Partners and Apollo Global Management LLC are among those raising funds to buy the battered stocks, bonds and loans of energy firms following a 54% decline in New York crude prices since June. 106 more words
It has been a pretty rough six-month stretch for the energy industry. Crude oil prices have fallen about 55% since the middle of last summer… 399 more words