There's a lot of money getting thrown around in the oil and gas industry. According to a recent report from Barclays, total spending in the industry is expected to surpass $700 billion in 2014. For investors who would like to cash in on these massive piles of money, it's hard to find a better stock than National Oilwell Varco (NYSE: NOV ) . This company's business model of supplying the oil and gas industry with every piece of equipment needed to go from exploration to completion is exactly why National Oilwell Varco is one of our favorite energy stocks.
So what exactly is it that separates National Oilwell Varco from other oil service giants such as Schlumberger (NYSE: SLB ) and Halliburton (NYSE: HAL ) ? Tune into the following video to find out and also learn what the departure of CEO Daniel Miller will mean for the future of the company.
Another top stock to buy before we head in to 2014
The Motley Fool's chief investment officer really nailed his 2013 top stock pick with Core Laboratories, 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.