Why ExxonMobil Remains Bullish on Natural Gas
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
ExxonMobil CEO Rex Tillerson recently said that he sees a lot of demand for natural gas in the future, which will make it the second largest energy source by 2040. ExxonMobil also thinks the United States will be exporting gas soon, with Cheniere Energy leading the way. It might be easy for investors to dismiss ExxonMobil as just talking up its book. Looking back over history, however, it's hard to bet against them succeeding over the long term with natural gas.
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At the time this article was published David MeierandJohn Reeveshave no positions in the stocks mentioned above. The Motley Fool owns shares of Westport Innovations and has the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, long JAN 2013 $25.00 calls on Chesapeake Energy, long JAN 2014 $20.00 calls on Chesapeake Energy, and long JAN 2014 $30.00 calls on Chesapeake Energy.Motley Fool newsletter services recommendClean Energy Fuels and Westport Innovations. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.