A stabilization in oil prices and fewer claims of oil dropping to $20 (or less) has quelled investor fears in recent weeks, and companies are taking advantage of the calmer markets to build their balance sheets. Noble Energy (ticker: NBL) and Plains All American Pipeline (ticker: PAA) have both announced equity offerings of more than $1 billion, with each intending to pay down current debt levels. The offerings come just days after Chevron (ticker: CVX) raised roughly $6 billion for similar intentions.

“I believe these companies are recogniz...


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