Nowadays, an increasing number of companies are opting to stay private for longer, bypassing regulations and public stakeholders. While the total number of US companies continues to grow, the number of those traded on stock exchanges has fallen 45% since peaking 20 years ago.
When we hear about the business side of sports, we often see headlines about large year-over-year increases in reported Forbes’ team valuations, huge new national television contracts, astronomical team sale prices, record free agent player contracts, and oftentimes annual financial losses for teams.
The oil and gas industry has been always a story of boom and bust, but times might be changing. We are now entering an era of major social, technological, and political trends that could reshape the environment in which oil and gas companies operate.