The following video is part of our "Motley Fool Conversations" series, in which senior analyst Matt Argersinger and analyst Paul Chi discuss topics across the investing world.

In today's edition, Matt and Paul discuss Alleghany, an undervalued insurance company with a tremendous long-term investment track record. Over the last 10 years, the total annual return of Alleghany's investment portfolio is more than double that of the S&P 500. These days, Alleghany is finding value in the energy sector with investments in some of the biggest names in the oil and gas industry. Get the names and the scoop on Alleghany in today's video.

As oil prices climb, investors can find opportunities to ride the wave of surging profits for energy companies. Take a look at the top oil stocks recommended by Motley Fool analysts in a recent special free report: "3 Stocks for $100 Oil." The report won't be available forever, so we invite you to enjoy a free copy today. You can access it by clicking here. Fool on!