December 18, 2013
Due to the decline in Mexico’s energy production, the government has decided to allow foreign oil companies to team up with state-owned Pemex to help right the ship. Not everyone in the country is on board, however. Motley Fool analyst Taylor Muckerman believes that Mexico and Pemex could learn a lot from how Brazil and Petrobras (NYSE: PBR ) have handled auctions in the past considering the intimate ties between the government and its national oil company. He also believes that a more sure way to play this news from an investor’s standpoint is to invest with service companies. He highlights Ensco (NYSE: ESV ) and Hercules Offshore (NASDAQ: HERO ) . Find out why in the video below.