This US- Venezuela oil deal creates a major multi-year investment opportunity for some energy companies . The best stock trades may be those with the most existing infrastructure in Venezuela already.
My top stocks:
1. Chevron ( $CVX) — strongest direct beneficiary
Chevron has the deepest existing operational position among major U.S. oil companies in Venezuela.
Reuters previously identified Chevron as immediately positioned to benefit from an opening of the Venezuelan oil industry. Chevron and Shell were already reported to be pursuing major production agreements in Venezuela earlier this year.
2. SLB ( $SLB) - the best infrastructure play
The biggest issue in Venezuela is not finding oil. It is getting decades-old oil infrastructure working again.
That means:
Reservoir evaluation
Well intervention
Drilling
Artificial lift
Production optimization
Water management
Digital oilfield technology
A $100+ billion investment program across 17 fields could generate enormous demand for oilfield services. If the announced investment actually materializes, $SLB could be one of the highest-leverage public-market beneficiaries, potentially even more leveraged to capital spending than Chevron.
3. Halliburton ( $HAL) - high beta to Venezuela capex
Halliburton is another very direct beneficiary of:
New drilling
Well completions
Production restoration
Enhanced oil recovery
Field redevelopment
Earlier reporting specifically identified Halliburton and SLB among the companies expected to benefit from a Venezuelan reopening.
4. Baker Hughes ( $BKR)
Baker Hughes benefit from:
Oilfield redevelopment
Gas infrastructure and associated energy infrastructure
It has historically been identified alongside SLB and Halliburton as a company capable of supporting Venezuela’s oil industry.
5. Weatherford ( $WFRD) - a smaller direct play
Weatherford specializes in areas that could be particularly valuable in an old, under-maintained oil system:
Well intervention
Artificial lift
Production optimization
Mature-field recovery
This could make it particularly well suited to Venezuela, where restoring existing production may be economically more important initially than drilling entirely new fields.
6. U.S. refiners: $PSX $VLO $MPC $DINO
Venezuelan crude is generally heavy crude, which creates a different investment angle. Some U.S. refineries are designed to process heavier crude oils. If substantially more Venezuelan crude becomes available, refiners with compatible facilities could benefit from improved feedstock economics.
US Refiners have already been extremely busy due to the reduced refinery production and product shipping in Middle East and Ukraine’s attacks at Russian energy infrastructures.
Un doctor japonés profesional aconseja:
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