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China Believes that it Can Duplicate Our Success

This segment is from Thursday'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.

Given our recent success in producing oil and natural gas, it shouldn't shock anyone that other countries believe they can follow suit. China now has hopes of doubling its oil production by 2030. Because it will be relying heavily on unconventional production methods, the help of current experts in these areas will be needed. Equipment & service providers Halliburton (NYSE: HAL  ) and Schlumberger (NYSE: SLB  ) have already begun successfully setting up shop in China. They will be helping producers like CNOOC (NYSE: CEO  ) and Royal Dutch Shell (NYSE: RDS-A  ) tap these vast resources. For more, tune in to the clip below.

OPEC will certainly keep its eye on China, but this company is already a headache

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!

 


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Taylor Muckerman
TMFrunAMuck

Taylor is an Associate GM in our Fool International operations. Prior to that he covered all things Energy + Materials as an analyst. Over the years, he has built an investing skill set to rely on when evaluating companies inside and out. While at the Fool, he has made appearances on CNBC and Fox Business. In addition, he completed his MBA at the University of Maryland and will sit for the Level II CFA Exam.

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Related Tickers

9/4/2015 4:02 PM
CEO $110.35 Down -5.27 -4.56%
CNOOC, Ltd. CAPS Rating: ***
HAL $36.85 Down -1.23 -3.23%
Halliburton CAPS Rating: *****
RDS-A $49.51 Down -1.29 -2.54%
Royal Dutch Shell… CAPS Rating: ****
SLB $75.00 Down -1.26 -1.65%
Schlumberger CAPS Rating: *****