On Nov. 14, 2013, Warren Buffett’s Berkshire Hathawaydisclosed a position of more than 40 million shares in ExxonMobil Corp, an investment worth about $3.8 billion at the stock’s current quote. This massive investment made headlines, but individuals looking to invest in an integrated oil company have better options.
We look to commentary from the management teams at two of the largest MLPs for insights into the direction of North American commodity prices and emerging opportunities throughout the energy value chain.
The doomsday forecasts for oil prices will have to wait a while. Despite uncertainty in Asia, the price of West Texas Intermediate (WTI) crude oil climbed to more than $100.00 per barrel--good news for North American producers positioned to benefit from this trend.
Shares of coal producers have languished this year and remain out of favor with investors. Our favorite coal miner's stock trades at a deep discount but stands to benefit from several upside catalysts in the back half of 2013.
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