This segment is from Thursday's edition of Digging for Value, in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy.
Geopolitical risks have always plagued international oil and gas companies, but now shareholders are rewarding big oil companies to exit political hotbeds instead of tapping cheap sources of conventional hydrocarbons. BP (NYSE:BP)is currently negotiating a deal to transfer its Libyan assets to Arabian Gulf Oil, while Shell is thinking about leaving Nigeria as oil theft and pipeline vandalism is taking a heavy toll on the firm. See more in the following video.