6 Energy and Ag Plays Heating Up
If you don't want to wait around for Europe to heal, China to wake up, or the US to hit the gas, look at what's happening in Latin America, advises Rudy Martin of Latin Stock Investing.
With little tangible progress in resolving Europe’s financial woes, nothing of substance to cheer about in Asia, and mixed news on the US economy, stock markets across the globe were generally indecisive during the third week of September.
The lackluster economic ambience, combined with an absence of any segment pressing to assert stock-market leadership dictated a wait-and-see posture for the Latin Stock Investing Model Portfolios. But as was mentioned in this space a week ago, investment possibilities in the agriculture sector are being considered. In addition, the list below of companies currently being closely watched includes an interesting energy investment:
Seadrill (SDRL), headquartered in Bermuda, is an offshore drilling firm providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of jack-up rigs, tender rigs, semisubmersible rigs, and drillships for operations in shallow, mid- and deepwater areas, and in benign and harsh environments.
Bunge (BG) is a global agribusiness and food company. It conducts its operations in four divisions: agribusiness, sugar and bio-energy, food and ingredients, and fertilizer. These divisions include five business segments: agribusiness, sugar and bio-energy, edible oil products, milling products, and fertilizer.