Low borrowing costs have led to massive cash hoards, and instead of share buybacks and dividend increases, big businesses are starting to invest in capital projects this coming year. Companies in the S&P 500 are sitting on $3.4 trillion, leading to what some expect to be the biggest capital spending spree ever. 

With a thawing labor market and increased manufacturing, investors should keep their eyes on low-cost natural gas producers. Check out the following video for two players that could turn in a solid 2014. 

 

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.