Chevron (NYSE:CVX) and Apache (NYSE:APA) should never play poker, because their tell is way too easy to spot. Despite the fact that both of these companies have said that they haven't made a final invesment decision on the Kitimat LNG facility, Chevron announced this week that it had contracted Fluor (NYSE:FLR) to do the engineering, procurement, and construction of the first phase of the facility. Sure, Chevron and Apache could still change their minds, but this seems to indicate that the project will go ahead as planned.
Tune into the video below to find out what the Kitimat project means in the grand scheme of things for both Apache and Chevron, as well as what investors should watch now that the project is more of a certainty.
Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them on Twitter @TMFDuffy and @TylerCroweFool, respectively.
The Motley Fool recommends Chevron. The Motley Fool owns shares of Fluor. 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.