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.
For a quite a long time now, the North Sea has been synonymous with European offshore oil production. Unfortunately, the field isn't quite what it once was. For investors looking to buy into the next big field in Europe, we recommend starting your research with companies like ExxonMobil (NYSE: XOM ) , Noble Energy (NYSE: NBL ) and Statoil (NYSE: STO ) . ExxonMobil provides exposure to multiple fields, while Noble Energy might offer the most upside with its involvement in the Mediterranean's Leviathan Field. For more analysis on this subject, tune into the video below.
Offshore oil growth should worry OPEC with 1 company giving it nightmares
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!