This Hidden Gem is on Our Favorite Energy Stock List; It Should Be on Yours, Too
Core Laboratories isn't an oil services company that garners lots of attention from the news; but that may be better for investors in this company. During the past year alone, shares in the company are up an astounding 75%, and statements from management seem to hint that this company is far from running out of steam. This is one of the reasons why Core Labs is on our list of favorite energy stocks for the year.
So what makes Core so unique? The company has positioned itself to play one of the most critical aspects of the oil and gas industry today: It's getting more expensive and complicated to find new sources. Core's business is aiding companies that spend billions of dollars on development, like Petrobras and Conocophillips , to more accurately define potential resources and how to most effectively extract those resources over the life of a reservoir. This business model has turned into a vertiable cash machine that produces loads of free cash for shareholder friendly moves like share buybacks. Tune into the video below to find out other reasons why Fool.com contributor Tyler Crowe picked Core for his top energy stock list.
What will be 2014's version of Core Labs?
The Motley Fool's chief investment officer really nailed his 2013 top stock pick with Core Labs, which shot up a spectacular 75% this year alone! Now, he has selected his No. 1 stock for 2014, and it's one of those stocks that has the potential for a great year ahead. You can find out which stock it is in the special report: "The Motley Fool's Top Stock for 2014." Simply click here and we'll give you free access to the name of this under-the-radar company.
The article This Hidden Gem is on Our Favorite Energy Stock List; It Should Be on Yours, Too originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them on Twitter @TMFDuffy and @TylerCroweFool, respectively. The Motley Fool recommends Chevron, Petroleo Brasileiro S.A. (ADR), and Total SA. (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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