A Houston-based company called Stallion Oilfield Services, Inc. has withdrawn its plans for an initial public offering.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