BP (BP) Seeks Natural Gas Licenses in Venezuela, Trinidad and Tobago

BP Plc (NYSE:BP) is one of the most undervalued stocks to buy and hold for 5 years. On January 28, Trinidad and Tobago energy minister Roodal Moonilal disclosed that BP Plc (NYSE:BP) and fellow oil giant Shell are seeking licenses from the U.S. Office of Foreign Assets Control to extract natural gas from fields in Trinidad and Tobago and Venezuela. The two companies aim to gain access to develop Loran-Manatee, a new field that contains about 10 trillion cubic feet (tcf) of natural gas. About 7.3 tcf is loca ...