Norwegian financial interests are gearing up to look at buying into energy “growth companies” after weeks of market turmoil exposed stock and entire companies ripe for “harvest”.
Fund managers Energy Ventures — with its record of connecting Norwegian oil millionaires to growth investments — has brought onboard a board member from Norway-based drilling contractor Seadrill, itself the product of explosive growth.
Energy Ventures boss Ole Melberg said the “real economy” could be in for some tough years ahead, but in energy the time is now begin thinking about new investment models, a Norwegian specialty.
“If the ambition is to grow by investing, it’s attractive to begin now,” Melberg told Norwegian newspaper Dagens Næringsliv.
“It’s much more attractive that six months ago.”
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