In today's "Where The Money Is" mailbag, Motley Fool energy analysts Taylor Muckerman and Joel South answer an investor who asks: Do you have an opinion on Oceaneering International ?

Oceaneering International is a "picks and shovels" investment in deepwater drilling: rather than investing in any particular drill site, you're buying into a company that rents drilling equipment. This can make it a safer investment, since you're not worried about the returns of any particular play -- and with deepwater drilling expanding, it can be a good entrance to a profitable niche. But could there be a better investment in this space?

Do you know this energy tax "loophole"?
You already know record oil and natural gas production is changing the lives of millions of Americans. But what you probably haven't heard is that the IRS is encouraging investors to support our growing energy renaissance, offering you a tax loophole to invest in some of America's greatest energy companies. Take advantage of this profitable opportunity by grabbing your brand-new special report, "The IRS Is Daring You to Make This Investment Now!," and you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.

 

The article A Better Deepwater Drilling Stock originally appeared on Fool.com.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends FMC Technologies and Oceaneering International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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