Continental Resources, Inc. (CLR), Enterprise Products Partners L.P. (EPD), Halliburton Company (HAL): How to Cash In on America’s Oil Dominance

In the first quarter, Enterprise Products Partners L.P. (NYSE:EPD)’s distribution coverage ratio — a key metric that gauges the sustainability of its distributions — came in at a stellar 1.5, which is almost unheard of. And with roughly $7.5 billion of capital projects currently under way, Enterprise Products Partners L.P. (NYSE:EPD) should be able to keep raising its distribution, a feat it has achieved for a whopping 35 quarters in a row.

Services companies
Another way to play the shale boom is through companies that provide the necessary services, equipment, and expertise to shale drillers. Halliburton Company (NYSE:HAL), a leading global oilfield services firm, is one company worth a second look.

Because of the rising complexity and service intensity of shale drilling, operators prefer a fully integrated suite of services and a closer working relationship with their services providers, both of which Halliburton Company (NYSE:HAL) offers in spades. With its new “frac of the future” initiative, it also stands out as a major beneficiary of the trend toward operational efficiency — a crucial consideration for E&Ps targeting deeper and deeper shale formations.

And not only does Halliburton Company (NYSE:HAL) command a dominant position in the U.S. shale market — especially in plays like North Dakota’s Bakken, where it’s the leading services provider — its operations are diversified around the globe, with markets outside of North America accounting for 44% of its revenue last year.

The article How to Cash In on America’s Oil Dominance originally appeared on Fool.com and is written by Arjun Sreekumar.

Fool contributor Arjun Sreekumar has no position in any stocks mentioned. The Motley Fool recommends Enterprise Products Partners and Halliburton.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.