13 Stocks That Will Rebuild Libya

Oil fields in the region provide the biggest opportunity

     

URS Corp. (NYSE:URS) has been in the Middle East for 70 years, providing consulting services to clients in the oil and gas, power and petrochemical sectors, among others. In addition, it builds large public infrastructure projects such as airports, hospitals and schools, It already operates in Saudi Arabia, United Arab Emirates and Qatar.

Weatherford International (NYSE:WFT), the oilfield services giant, lists three offices in Libya. It also has rig operations in Libya along with Oman , Kuwait and Saudi Arabia. Libya likely will ratchet up its offshore exploration in the coming months.

Other Libya Opportunities

Defense stock Lockheed Martin (NYSE:LMT) should also do well. After all, a new Libyan government will need to rebuild its military. The county already has a head start. Gadhafi bought 8 C-130 “Hercules” cargo planes in the 1970s.  The U.S. government wisely never allowed their delivery. Maryland-based Lockheed already has extensive ties in the Arab world that should help it win business in Libya.

General Electric (NYSE:GE) — The conglomerate already has extensive operations throughout the Middle East. It has been in the region since the 1930s and is involved with clean energy and water infrastructure projects among other things. The company will also play a role in rebuilding Libya’s health care system.

Caterpillar (NYSE:CAT) is an easy winner from the rebuilding of Libya – literally. All the construction that will occur in Libya will need equipment to make it happen. Libya also is eager to reduce its dependence on food imports and is planning a $30 billion dam to alleviate water shortages, which was bombed during the Civil War.

As of this writing, Jonathan Berr did not own a position in any of the aforementioned stocks.

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Article printed from InvestorPlace Media, http://investorplace.com/investorpolitics/libya-oil-stocks-xom-hal-jec-urs/.

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