Big Oil Makes Big Moves Back to America
In this video from Tuesday's special New Year's Eve edition of Investor Beat, host Chris Hill and Motley Fool energy analyst Taylor Muckerman break down the biggest stories in energy from 2013 and look ahead to what energy investors can expect in the coming year.
ConocoPhillips will focus 55% of its budget on the United States in 2014, and other companies are making similar moves. Apache is selling off Egyptian assets that were weighing down the company's share price to move back into the Permian Basin.
In this segment, Taylor points to the broader trend here that took place in 2013 and is expected to continue into 2014 -- America's continued dominance as a play for Big Oil companies, which have been "reshoring" by moving operations back into the United States and out of some of the geopolitically riskier plays overseas. Taylor also discusses what this trend means for investors, and which companies stand to profit.
Record oil and natural gas production is revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, the Motley Fool is offering a comprehensive look at three energy companies set to soar during this transformation in the energy industry. To find out which three companies are spreading their wings, check out the special free report, "3 Stocks for the American Energy Bonanza." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free.
The article Big Oil Makes Big Moves Back to America originally appeared on Fool.com.
Chris Hill has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.