Life stirs in energy-sector capital markets

摘要

New York-Independent producer Devon Energy, driller Nabors Industries and oilfield services provider Weatherford International have in the past week issued long-term senior debt to apparent strong investor demand, moves which come after a lull in capital markets following the great upheaval of late 2008. “Credit markets are starting to open up,” said Pritchard Capital analyst Mark Brown. “It’s smart to be proactive and raise cash when you can rather than when you need to,” he said.