Mexico opening up its oil industry to more foreign investment dollars may not garner a whole lot of attention in the media, but management teams at companies like Chevron (NYSE:CVX) and Conocophillips (NYSE:COP) are waiting to see the final regulations from Mexican parliament like a child waiting to open presents on Christmas day. If Mexico opens up its deepwater and shale resources like many anticipate, it could lead to yet another boom in oil and gas production in North America, with Chevron and Conocophillips better positioned to take advantage of the situation than almost anyone else.  

There are a small set of traits that put Chevron and Conocophillips ahead of other big oil players as well as American independent drillers. Find out what those traits are by tuning into the video below.

Tyler Crowe has no position in any stocks mentioned. You can follow Tyler at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter @TylerCroweFool.

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