This week energy companies take the field in hopes of raising $750 million in new funding. Specifically, two of these companies are directly related to oil prices, meaning their share prices will be directly exposed to the changing prices in oil. The biggest chunk of this weeks offerings will come from Extraction Oil and Gas. They are looking to raise $550 million. In addition, there are two other companies. One is an oil related company and the other one is a solar based company out of India.
Dominating the headlines for IPO's this week will be Extraction Oil and Gas
Mammoth Energy Services (NASADQ: TUSK) is looking to raise $128 million, offering 7.75 million shares at a range of $15-18. This is another company that relies heavily on strong oil prices and, according to their recent filings, has seen revenue decline over 50% in the first half of 2016. The sector as a whole has been able to rebound from the decline though.
Based out of India, Azure Power Global