More investors are putting money in oil and gas as their equity financings increase rapidly

More Canadian oil and gas companies accessed the equity markets to make investments in the first quarter of this year than at the same time last year. 10.Jun.16 3:04 AM By Anastasia Sutulova Photo Toinnov.com    389

The Tory’s report released Tuesday indicates that 16 Canadian energy-sector companies raised $8 billion in the first quarter of this year, compared with 11 companies that raised $4.6 billion at the same time last year. On the one hand, the fact that more companies invest in the oil patch shows the growing investors' interest in the oil and gas sector, and sector’s recovery, on the other hand. For the last two years, during the extended decrease of oil prices, Canadian oil and gas companies have been losing millions. However, recent analyses indicate the beginning of their recovery. What is more important for Canada is that pipeline and midstream companies invested most of their funds in the domestic oil patch.

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