In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman discuss ConocoPhillips (NYSE:COP), and the recent Department of Energy approval for its Freeport LNG facility to export liquefied natural gas. This is the second facility in the U.S. to gain DOE approval, which could bring the total export capacity up to around 3.4 billion cubic feet per day. In the video, Joel tells investors why increased natural gas exports will have a stabilizing effect on the price of the commodity and discusses why this could make low-cost natural gas producers a great long-term play.
Joel South and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Ultra Petroleum and has options on Chesapeake Energy and Ultra Petroleum. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.