For those of you who’d like to invest in a company that’s an expert in shale oil and gas development but don’t want the risk held by the producer, Halliburton Company (NYSE:HAL) makes perfect sense here. The energy services company has made tremendous inroads in the country and has participated in drilling activities in some of Argentina’s most successful unconventional wells so far. Just last month, it signed a deal with Capex, an electricity provider, to drill 11 wells in the vaunted Vaca Muerta field. If this activity keeps up, Latin America will probably begin contributing much more than just 13% of revenue, as it did last year.
With its domestic business having taken a hit in the recent past because of a slowdown in the natural gas drilling boom of the past couple of years, Halliburton Company (NYSE:HAL) undoubtedly hopes that Argentina begins to prop up its international business. However, as the North American market looks to rebound, investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the domestic market.
Judging by the pedigree of these companies, Argentina and its potential are being taken very seriously. So while Lionel Messi might be a front runner for the Golden Boot award next summer, I would expect the boots digging for black gold to be the real winners down south.
The article Is the World Cup All That Argentina Is Looking Forward To? originally appeared on Fool.com.
Taylor Muckerman owns shares of Halliburton. The Motley Fool recommends Chevron and Halliburton and owns shares of Apache.
Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.