The energy sector was held back in 2013 compared with the broad markets, but oil and gas drillers levered to North American unconventional liquids plays turned in tremendous years. EOG Resources (NYSE:EOG) and Continental Resources (NYSE:CLR), two phenomenal growth stories in the Eagle Ford and Bakken plays, respectively, increased share price by 30%. However, that was last year, and looking into 2014, investors should keep an eye on companies growing production in both natural gas or crude oil in the deepwater Gulf of Mexico.
American energy boom
Record oil and natural gas production is revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, The Motley Fool is offering a comprehensive look at three energy companies set to soar during this transformation in the energy industry. To find out which three companies are spreading their wings, check out the special free report, "3 Stocks for the American Energy Bonanza." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free.
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 & materials sectors @TMFEnergy.