Partner Larry Stevens Weighs In On Energy Company IPOs


Oil and Gas Investor connected with N.L. (Larry) Stevens III, member of the Firm's Energy Industry Team, for an article about the oil and gas IPO market. Industry onlookers agree that some energy companies might have been deterred by Facebook's run-in with Murphy's Law, deciding against a public offering for fear their debut will not be a strong as expected.

"Facebook was big and emblematic of fear that shares will trade down after an IPO and that investors will lose money on the trade down," says Mr. Stevens. "Look at the few energy company IPOs in 2012. All were priced at less than what company management had expected and all have traded down since the IPO and are selling at discounts up to as much as one-third of the IPO price — even for companies with solid reserves and excellent management teams."

The full article can be accessed here.

The publications contained in this site do not constitute legal advice. Legal advice can only be given with knowledge of the client's specific facts. By putting these publications on our website we do not intend to create a lawyer-client relationship with the user. Materials may not reflect the most current legal developments, verdicts or settlements. This information should in no way be taken as an indication of future results.

Search Tips:

You may use the wildcard symbol (*) as a root expander.  A search for "anti*" will find not only "anti", but also "anti-trust", "antique", etc.

Entering two terms together in a search field will behave as though an "OR" is being used.  For example, entering "Antique Motorcars" as a Client Name search will find results with either word in the Client Name.


AND and OR may be used in a search.  Note: they must be capitalized, e.g., "Project AND Finance." 

The + and - sign operators may be used.  The + sign indicates that the term immediately following is required, while the - sign indicates to omit results that contain that term. E.g., "+real -estate" says results must have "real" but not "estate".

To perform an exact phrase search, surround your search phrase with quotation marks.  For example, "Project Finance".

Searches are not case sensitive.

back to top