PST -- Energy IPO's in Favor
The market is hungry for companies having anything to do with energy. Energy prices are increasing at a frantic pace; the recent events in New Orleans have given the world a view of Mother Nature's power of destruction. Hence, the market has pent up demand for energy related IPO's, although; the market is more selective than it was one year ago.
(PRWEB) September 15, 2005 -- The market is hungry for companies having anything to do with energy. Energy prices are increasing at a frantic pace; the recent events in New Orleans have given the world a view of Mother Nature's power of destruction. Hence, the market has pent up demand for energy related IPO's, although; the market is more selective than it was one year ago.
The biggest energy related IPO year to date was the US $2.9 billion offering of China Shenhua Energy Company Ltd. on the Hong Kong Stock Exchange.
There is more than one way to go public besides the traditional route. Houston based Endeavor International Corp. (END) and Petrohawk Energy Corp. (HAWK ) went public by acquiring a public entity; the post IPO market has accepted these companies with open arms. Endeavor's market cap is currently US $400 million and Petrohawk is currently valued at over US $800 million. The above mentioned market sentiment is certainly a positive for PST. The Company continues to pursue its listing as planned.
About the Company:
PST Ltd. is a global security and technology firm covering the oil & gas industry. The company has offices in the major oil producing regions around the world. PST is an international firm built by veteran oil industry engineers and provides vital technologies to the oil & gas industry. By developing and licensing cutting edge technologies, PST delivers a cost effective solution for securing infrastructure facilities such as oil pipelines, gas pipelines, oil exploration facilities, oil refineries, nuclear power plants, electrical power plants, water treatment plants and government facilities.
The statements in this press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. This press release contains forward looking statements. In particular, when used in the preceding discussion, the words "plans", "confident that", "believe", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any forward-looking statements.
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