Oil companies are earning record profits. But a lot of them are beginning to see their lack of long-term investment in new resources come to roost. And after nearly a decade, the money is flowing back to offshore oil. In this video, Motley Fool contributors Jason Hall and Tyler Crowe explain what's happened, and why that makes Transocean (RIG 3.26%), Noble Energy (NE 3.42%), and Valaris (VAL 3.35%) extremely compelling buys right now.
*Stock prices used were from the afternoon of June 1, 2023. The video was published on June 11, 2023.
