Perhaps the energy sector was the real "pandemic winner"

Perhaps the energy sector was the real "pandemic winner"

May 20, 2022 by Seeking Alpha

Key Facts

  • That said, it's not IPO proceeds, high yield bond issuance, or government stimulus that accounts for the lion's share of capital investment in the energy sector.
  • Having reduced investment in oil and gas production after oil's price collapse in 2014, spending was cut further during the pandemic: So where did that leave energy?
  • Investments in the oil patch were emblematic of capital flows to the coal, refining and natural gas sectors.
  • What was a fragile system in January 2022, was completely broken when Russia's invasion of Ukraine led stakeholders to isolate the world's largest energy producer from global markets.

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