Tuesday, September 26, 2006

Latest IPO - Energy Stocks

Got this off Dow Jones Newswire:

SINGAPORE (Dow Jones)--Chemoil Energy Ltd., a U.S. marine fuel supplier, expects to raise up to US$374 million from an initial public offering in Singapore, according to a prospectus filed Tuesday.

The company is offering about 439.5 million shares at a maximum price of US$0.85 each, according to the prospectus posted on the Monetary Authority of Singapore''s Web site.
The offer comprises 366,240,000 new shares and 73,248,000 existing shares.


So... Anyone interested? I think this will be a good one - if you can afford it. Will post something on the energy sector if I can find the article online.


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Comments:
Energy stocks are relatively down right now.. . this IPO had better be timed right!
 
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