The following video is from Thursday's Digging for Value, in which host Alison Southwick and Motley Fool energy analysts Joel South and Taylor Muckerman dive deep into top stories for today's energy-sector investors.

In this segment, Joel looks at BP's (NYSE:BP) proposed Mad Dog oil project expansion, that is now proving just too costly to carry out. Joel discusses the cost inflation and price uncertainty that led to pulling the plug on this deepwater Gulf of Mexico project, and why this could be a positive sign for the company financially.

Alison Southwick, Joel South, Taylor Muckerman, and The Motley Fool have no position in any of the stocks mentioned. 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.