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.
States with measurable oil and natural gas production benefit financially, and Alaska is no exception. Royalty payments to the state, which are then doled out to every Alaskan, are nothing new. However, the possibility of it taking a 20-30% stake in the North Slope project to export liquified natural gas by BP (NYSE: BP ) , ConocoPhillips (NYSE: COP ) and ExxonMobil (NYSE: XOM ) certainly is. The project involves building an 800-mile pipeline, a job for TransCanada (NYSE: TRP ) , to deliver natural gas to an export terminal in the southern portion of the state. With project cost estimates starting at $45 billion, this could be a huge undertaking for the 49th state in the Union. For more, tune in below.
Warren Buffett just purchased ExxonMobil stock, here's another of his energy favorites
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!