KRTL BioTech

Stock market rout doubles pain for energy firms that took shares for deals

Stock market rout doubles pain for energy firms that took shares for deals

Energy investor EnCap Investments pulled off a rarity in the U.S. shale business earlier this month, the $2.5 billion sale of oil producer Felix Energy to rival WPX Energy Inc, striking a deal at a time when energy mergers have all but dried up.