The following video is from Tuesday's Digging for Value, in which host Alison Southwick, Motley Fool Senior analyst Michael Olsen, and fool.com contributor Tyler Crowe dive deep into top stories for today's energy sector investors.
The race to cash in on the Brazilian oil fields is off. Companies that wish to participate in the upcoming pre-salt auction have just submitted their paperwork, and no American names were present on that list. In this segment, Tyler explains why US companies are sitting this one out, and why it is actually a pretty good move.
Alison Southwick owns shares of ExxonMobil. Michael Olsen, CFA owns shares of ExxonMobil. Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Chevron and Petroleo Brasileiro S.A. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.