This segment is from Tuesday'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 & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
Crude oil stockpiles continue to grow as oil production in the United States reaches 20-year highs. While the growing stockpile is pushing down the domestic price of crude, international prices continue to escalate. This is great news once again for domestic refiners, with the WTI-Brent price differential again over $10.
Savvy investors should look at refiners with export capabilities, like Phillips 66 (NYSE: PSX ) , with capacity to export 340 thousand barrels of product per day, or Valero Energy (NYSE: VLO ) , with around 200 thousand barrels of fuel per day exported last quarter
Is OPEC safe will we continue to produce record levels of oil
Imagine a company that rents a very specific and valuable piece of machinery for $41,000... per hour (that's almost as much as the average American makes in a year!). And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click HERE to uncover the name of this industry-leading stock... and join Buffett in his quest for a veritable LANDSLIDE of profits!