It's Tuesday, March 1st, and this is Market Fullery.

I'm Chris Hill and joining me in studio today from Million Dollar Portfolio, Ron Gross,

from Income Investor James Early, and from Motley Pool Asset Management, Bill Barker.

Guys, good to see you.

Good to see you, Chris.

We've got the latest on Twitter's valuation and Tiffany's marketing, but we will begin deep below the ocean.

The Obama administration has issued the first deep water drilling permit since the BP oil spill.

Houston-based Noble Energy has an approved permit to drill in the Gulf of

Mexico. James Early, noble stock was up about 4% yesterday on the news. Are there

other stocks that you see that could benefit from this?

Well, eventually, Chris, eventually I would say it's a little late to jump on the noble

bandwagon right now, but you know, the big picture here, you might have noticed that gas prices

are up because of unrest in Egypt and

Libya and Michael Bromwich who is the director of the Bureau of Ocean

Energy Management said in the press release there was absolutely no politics

associated with the approval of this

depar application. In other words, this was all politics and nothing else. That's

the subtext here. So yeah, Noble Energy, Enesco, a diamond offshore drilling, these

are all sort of obvious beneficiaries

eventually the big oil majors I think could benefit from this too we're gonna have

to open up the Gulf at some point but Helix Energy Solutions is another interesting company.

These guys are up only 18% year to date, which is surprising given that they make

...