US Oil Companies Don't Want In on Brazil's Oil Party
The following video is from Tuesday's Digging for Value, in which host Alison Southwick, Motley Fool Senior analyst Michael Olsen, and fool.com contributor Tyler Crowe dive deep into top stories for today's energy sector investors.
The race to cash in on the Brazilian oil fields is off. Companies that wish to participate in the upcoming pre-salt auction have just submitted their paperwork, and no American names were present on that list. In this segment, Tyler explains why US companies are sitting this one out, and why it is actually a pretty good move.
The real winners on the pre-salt fields will most likely be the oil services companies looking to make this region a success, and one behind-the-scenes energy company poised to profit from these types of fields has been named "The Motley Fool's Top Stock for 2013." Find out the name of the company our Chief Investment Officer has named his top stock of the year in our comprehensive special report. We'll give you free access to this valuable report by simply clicking here.
The article US Oil Companies Don't Want In on Brazil's Oil Party originally appeared on Fool.com.
Alison Southwick owns shares of ExxonMobil. Michael Olsen, CFA owns shares of ExxonMobil. Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Chevron and Petroleo Brasileiro S.A. (ADR). 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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