Chevron (NYSE: CVX ) and Apache (NYSE: APA ) should never play poker, because their tell is way too easy to spot. Despite the fact that both of these companies have said that they haven't made a final invesment decision on the Kitimat LNG facility, Chevron announced this week that it had contracted Fluor (NYSE: FLR ) to do the engineering, procurement, and construction of the first phase of the facility. Sure, Chevron and Apache could still change their minds, but this seems to indicate that the project will go ahead as planned.
Tune into the video below to find out what the Kitimat project means in the grand scheme of things for both Apache and Chevron, as well as what investors should watch now that the project is more of a certainty.
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