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Energy Debt Sells Like It’s 2014

With crude oil stabilizing around $50, there's a surge of issuance from energy companies.

The way energy companies are issuing debt, it feels like spring is in the air—the spring of 2014.

Back then, the industry was riding high on $100-a-barrel oil, and companies were selling mountains of debt to fund ambitious growth strategies. It was a time when “almost anybody could bring an energy deal, and almost everybody tried,” said Scott Roberts, head of high-yield investments at Invesco Ltd. in Atlanta.

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