Every month, Roger Conrad and I host an exclusive Live Chat with Energy & Income Advisor subscribers. February's four-hour discussion was particularly lively; we decided to present an excerpt of some of our readers’ most frequent questions and our responses.
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.
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