Venezuela upstream oil sector Loading... : Investor Sentiment and Bull/Bear Views
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20:51
Jan 06
Jan 06
Venezuela oil has long-term upside.
Venezuela has the world's largest oil reserves and is relatively easy to produce with the right people, technology, equipment, and capital. If stability holds and a proper legal and financial framework is established, majors are likely to re-engage and production could eventually rise from around 1 million barrels per day toward 3 million barrels per day, but this is a multi-year process requiring tens to hundreds of billions of dollars and no additional barrels are likely this year.
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About Venezuela upstream oil sector Investor Commentary
Across the available history and selected sources, Buzzberg tracks Venezuela upstream oil sector across 1 sources: 0 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 0% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 1 total trade idea tracked. Latest voices: Ben Luckock.