5 Stocks for Mexico’s Historic Energy Reform

New laws expected to bring $20 bilion in invesment opportunity

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5 Stocks for Mexico’s Historic Energy Reform

ExxonMobil

Big Oil, including ExxonMobil (XOM) and Chevron (CVX), is especially suited for entering the Mexican market given their large international operations. Exxon may have a leg up on some of its competitors simply because it has a history of doing business in Mexico through its chemical division.

Surprisingly, it already has 250 employees in the country. It operates a lubricant blending plant in Vallejo and a chemical terminal in the port of Tuxpan. It also has offices in Mexico City.

  • Zacks Rank #3 (Hold)
  • Forward P/E = 12.6
  • 2014 Expected Earnings Growth = 6%

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Article printed from InvestorPlace Media, http://investorplace.com/2014/01/energy-stocks-to-buy-xom-cvx-e/.

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