A New SEC Mandate Punishes Big Oil
The SEC recently accepted section 1504 of the Dodd-Frank act, requiring companies to disclose payments they make to foreign nations. This rule is supposed to make business transactions with foreign governments more transparent, similar to the Extractive Industries Transparency Initiative, which is already in place. International oil and gas companies that are registered with the SEC will be required to obey this law, with most in the industry crying foul, as this new legislation will put them at a competitive disadvantage. Check out the following video, as Fool.com analyst Joel South discusses a few reasons that big oil believes this will affect their business.
Big oil is just one solid way to play the energy sector, but there are others -- and our analysts have uncovered an under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations, and it's poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.
The article A New SEC Mandate Punishes Big Oil originally appeared on Fool.com.Austin Smith and Joel South have no positions in the stocks mentioned above. The Motley Fool owns shares of ExxonMobil. Motley Fool newsletter services recommend Chevron and Total SA. 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.