Record Upstream Spending in 2013. Who Profits?
Companies like Royal Dutch Shell and ExxonMobil are expected to lead the charge in record capital spending for the exploration and production segment of the energy sector during 2013. International offshore and North American land drilling could be key for these companies' oil and natural gas discoveries. While returns aren't guaranteed for them on this spending, there will most certainly be companies in other industries that will profit from this quest for reserve replacement. Motley Fool energy analysts Taylor Muckerman and Joel South turn their attentions to the energy services sector as the prime candidate. Which companies are their top choices? Tune in to find out.
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Domestic oil and gas service companies have taken a hit due to a slowdown in the natural gas drilling boom of the last 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 Record Upstream Spending in 2013. Who Profits? originally appeared on Fool.com.Joel South owns shares of Schlumberger. Taylor Muckerman owns shares of Halliburton and Ensco. The Motley Fool recommends Halliburton and Seadrill. The Motley Fool owns shares of Seadrill and Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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