Venezuela Opportunity Without Political Risk: Why the Oil Service Provider is the Smarter Path Than the Oil Producers!
SLB benefits from the Venezuela comeback without the political and financial risks of the oil producers – the service provider is always the winner!
Reading Time: 1 minute
I consider SLB (formerly Schlumberger) to be the smarter bet on Venezuela than the oil producers themselves. President Trump is urging American oil companies to rebuild Venezuela’s oil industry, which has estimated reserves of 300 billion barrels, following Maduro's ouster on January 3rd. However, the reconstruction would cost tens of billions of USD – at a terribly bad time: The global oil market is already oversupplied, and Trump wants to push prices down to 50 USD per barrel (12 USD below the current level). This is toxic for capital-intensive...
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