Business

While big stock sales and IPOs stagnate, energy investors are making money


With stock index fell, interest rate increase and Inflation is on the rise, it is nearly impossible for companies or investors to sell large amounts of stock or list shares at the prices they want. Unless you’re in an energetic state where business is booming.

EnerVest Ltd., a Houston-based private equity firm focused on energy investments, said it sold 28.4 million shares of the company. Magnolia Oil & Gas raked in $661 million in proceeds, including $257 million last month. Timely IPO of natural gas company Energy Acceleration one of the best performing IPOs this year, has raised the net worth of the oil magnate and its founder George Kaiser more than 1 billion dollars.



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