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(Denny Thurston/Getty Images/iStockphoto)

The most tempting values among oil patch stocks

Investment banking action is heating up in the oil patch after a prolonged period of investor apathy. Professional money managers consider this an extremely encouraging sign for investors in the sector.

The previous slowdown in new share and debt issues signalled that most investors thought the industry overvalued relative to the profit outlook. The lack of interest forced companies to put planned new issues on hold.