A Houston-based company called Stallion Oilfield Services, Inc. has withdrawn its plans for an initial public offering. While the company did not formally call its reason as being "market conditions," it does not take a genius to realize that a drop in commodity prices with a tougher business environment are the likely culprits. The company noted in an SEC filing that it believes the withdrawal to be consistent with the public interest and the protection of investors.
Jon C. Ogg
January 20, 2009
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
