Schlumberger is on the brink of an underestimated growth phase. New oil capex cycle in Venezuela?
Venezuela has the world's largest oil reserves. A significant expansion of oil production is now likely.
The outdated infrastructure is leading to a massive wave of investment. The top winner is the oilfield service company Schlumberger!
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The USA have overthrown the Venezuelan dictator Maduro. The Americans' interest in the oil industry was personally confirmed by Trump. Ideally, oil production is to be significantly increased, the dictatorship is to end, and people's lives should improve again. Recently, Venezuela produced only 0.8 to 1 million barrels per day, but it has the world's largest reserves at 303.8 billion barrels. Within two years, oil production could double to 2 million barrels per day. Time is needed because the infrastructure is very outdated. Even after that, 15...
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