Newfield Exploration (NYSEL NFX) Auctions Asian Assets
Royal Dutch Shell (LSE:RDSA), Exxon Mobil Corp (NYSE:XOM), Talisman Energy (TOR: TLM) and Kuwait Petroleum Corp. are all bidding for Newfield Exploration Co.’s (NYSE:NFX) Chinese and Malaysian oil and gas fields.
The companies will be submitting offers in a second round of bids in September. The fields, currently valued at about $1.2 billion, represent aging oil plays that companies like Newfield are getting rid of in order to invest more heavily in North American shale.
The Great American Inventor
Several decades from now, you will look back at today and realize you lived in one of the greatest eras of American innovation. From commercial space travel, to electric cars, to tube-based public transportation, the advancements around you will be astounding. And when you look at all the great American inventors of your time, Elon Musk is the first name that will come to mind.
Elon Musk’s design for a Hyperloop transportation system has been shaking up media outlets this week. And the fact that this is generating so much hype (pun honestly not intended) is very exciting to us. Not only could this represent the future of travel, but it could also bring about opportunities for investors like you. For more on Hyperloop investing opportunities, click here.