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Oil to Open '18 Stuck Between Thirst to Grow, Wary Investors

  • Energy stock issues halved; M&A and IPO activity tail off
  • Reversal next year rides on commodity price, fiscal discipline
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U.S. Oil Fills OPEC Supply Gaps at $60, Says Battle

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Investor exhaustion with poor returns from the oil and gas industry may mean less financing to expand the U.S. shale boom next year, and less of a drive for consolidation.

After nearing a record in 2016, equity issues from U.S. oil and gas companies are on pace for an eight-year low this year, amid doubts about the stability of the rally in global crude prices. Mergers and acquisitions and initial public offerings got off to a strong start but petered out as the year wore on.