Big Oil's Next Takeover Target
It's getting increasingly difficult for Big Oil to move the needle on recoverable reserves, and the quest to discover the next giant oilfield has become outrageously expensive. For example, ExxonMobil is committed to spending $37 billion a year for the next three years. In this video, Fool.com contributor Aimee Duffy talks to Tyler Crowe about how this trend will lead to greater industry consolidation and analyzes what makes a good takeover target for Big Oil.
Domestic oil and gas service companies have taken a hit in the recent past because of a slowdown in the natural gas drilling boom of the past couple of years. As this market looks to rebound, investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the domestic market. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.
The article Big Oil's Next Takeover Target originally appeared on Fool.com.Fool contributors Aimee Duffy and Tyler Crowe have no position in any stocks mentioned. For more energy information, follow them on Twitter, @TMFDuffy and @TylerCroweFool. The Motley Fool recommends Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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