Big Oil Should Give Thanks for Warren Buffett

While reflecting this past Thanksgiving, we detailed a few areas to be thankful for as investors in 2013. This year has been a blessing with the broad markets reaching all-time highs, but Warren Buffett also highlighted the value of large integrated oil companies. Berkshire Hathaway added large positions in both Canada and the United States' biggest oil companies, Suncor and ExxonMobil , respectively. While flat production growth and soaring capital expenditures have held back large integrated oil companies, investors should not forget about the billions of dollars being returned to shareholders in dividends and share buybacks. In an equities market that's heating up, value can still be found in oil and gas companies and I am thankful Buffett reminded us of this potential. 

A look forward to 2014
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This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors @TMFEnergy.


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Joel South 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.

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