Dicker/Link: Tubular Bells Offshore Project Begins Production - but No Reason Yet to Invest

Dan Dicker, energy contributor to TheStreet, talks with Stephanie Link, co-portfolio director of Action Alerts about the beginnings of production of a $2.3 billion offshore project co-owned by Hess (HES) and Chevron (CVX). Tubular Bells took almost 4 years and produced 7,000 new jobs and will ultimately produce 50,000 barrels of oil a day equivalent. Despite the major accomplishment of this project, Dicker sees no turnaround in the prospects for Gulf of Mexico explorers or the service companies that are working there, believing that low oil prices will continue to push against the production cycle there. Stephanie's lone idea in the space is Ensco (ESV) where she believes the dividend is safe.