The natural gas and oil boom we have been experiencing for the past few years is prepared to drive $641 billion in spending over the next 30 years. And that's not even geared towards drilling. Companies providing midstream and downstream infrastructure like Chart Industries (NYSE:GTLS) and Dresser-Rand Group (NYSE: DRC) are likely the ones that will be putting this money to use.
As LNG exportation and its use as a fuel grows in importance, these companies liquefaction businesses should be in high demand. Cheniere Energy (NYSEMKT:LNG) will kick things off in 2015, but there are many more facilities already approved and multiples of that waiting for approval. In addition, Chart and Dresser-Rand get involved directly at the field level during the gather process. For more on why this spending binge will mean so much, check out the short clip below.
Is one of these companies going to benefit from this spending binge as well?
This segment is from Tuesday'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.