It appears that ExxonMobil
You may recall that a couple of weeks ago I told you that a group led by Texas-based Anadarko Petroleum
There is no confirmation that the structure is anywhere near as large as I've alluded to. But with Exxon opening its wallet, the possibilities appear somewhat more likely. Indeed, the oil industry has become more positive about the area of late, so you'll undoubtedly read about a bevy of wells being drilled there in the months and years ahead.
Indeed, we could have another Nigeria or Angola on our hands. BP
And while all this is going on, ExxonMobil is also displaying what the company terms "its leadership across the natural gas value chain" at the WorldGas 2009 Conference in Buenos Aires. As many Fools know, my strong feeling is that, within a few years, natural gas and liquefied natural gas will be the most important sources of energy on our planet. With Exxon currently selling 11 billion cubic feet daily, the company will likely remain a dominant player among the publicly held oil and gas companies.
On that basis alone, I would urge Fools to get to know ExxonMobil better, and to consider stashing a few of its shares in their portfolios.
Fool contributor David Lee Smith doesn't own shares in any of the stocks mentioned above. He does solicit your questions and comments. The Motley Fool's disclosure policy is more powerful than the strongest diamond bit.
More from The Motley Fool
The 3 Worst Dow Stocks in 2017
Find out what's behind the slumps for these blue chip companies.
2 Stocks to Avoid (and 1 to Buy)
When you're looking at energy stocks, not all companies are positioned for long-term profitability.
3 Dividend Stocks I'd Never Buy
Big oil stocks are paying big dividends, but ExxonMobil, Royal Dutch Shell, and Chevron, are poorly positioned to reward investors long term.