Some companies will be attracted to Mexico’s offshore possibilities in the Gulf of Mexico. Will one of those be Anadarko (APC)?
This big cap independent explorer and producer is already one of the largest deepwater producers in the Gulf, in United States territory, of course. It wouldn’t take much to transfer that expertise to Mexican blocks.
- Zacks Rank #3 (Hold)
- Forward P/E = 15.3
- 2014 Expected Earnings Growth = 23.4%
The Big Story of 2014
Mexico’s energy reforms will unfold throughout 2014. It won’t be a fast process. But if done right, it has the possibility to take the Mexican economy to the next level. Investors should be looking at companies that are positioned to cash in.
[In full disclosure, the author of this article owns shares of XOM.]
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