Author explores a speculative Venezuela rebuilding theme via Chevron, oilfield services, and Gulf Coast refiners if U.S. sanctions are eased.
CVX — WATCH Author sees Chevron as a way to play a Venezuela oil rebuild without owning Venezuelan assets directly because Chevron is already involved there. The catalyst is a possible U.S. decision to ease sanctions or expand licenses, which would eventually require substantial rebuilding. Timing is uncertain and the author questions whether the idea is already priced in.
Chevron (CVX) since they’re already involved there
SLB — WATCH Author argues oilfield service companies such as Schlumberger would benefit if rebuilding actually starts after U.S. sanctions are eased or licenses expanded. He flags uncertainty about sanctions, corruption, or getting paid as potential drawbacks. The trade is conditional on policy change that has not occurred.
Oilfield service companies like SLB, HAL, BKR if rebuilding actually starts
HAL — WATCH Author argues oilfield service companies such as Halliburton would benefit if rebuilding actually starts after U.S. sanctions are eased or licenses expanded. He flags uncertainty about sanctions, corruption, or getting paid as potential drawbacks. The trade is conditional on policy change that has not occurred.
Oilfield service companies like SLB, HAL, BKR if rebuilding actually starts
BKR — WATCH Author argues oilfield service companies such as Baker Hughes would benefit if rebuilding actually starts after U.S. sanctions are eased or licenses expanded. He flags uncertainty about sanctions, corruption, or getting paid as potential drawbacks. The trade is conditional on policy change that has not occurred.
Oilfield service companies like SLB, HAL, BKR if rebuilding actually starts
VLO — WATCH Author views Gulf Coast refiners like Valero as beneficiaries if Venezuelan heavy crude returns to U.S. Gulf Coast after sanctions ease because they can process heavy crude. The catalyst remains a conditional U.S. policy shift, with timing unclear and possibly already priced in.
Gulf Coast refiners like VLO, MPC, PSX that can handle heavy crude if Venezuelan oil comes back
MPC — WATCH Author views Gulf Coast refiners like Marathon Petroleum as beneficiaries if Venezuelan heavy crude returns to U.S. Gulf Coast after sanctions ease because they can process heavy crude. The catalyst remains a conditional U.S. policy shift, with timing unclear and possibly already priced in.
Gulf Coast refiners like VLO, MPC, PSX that can handle heavy crude if Venezuelan oil comes back
PSX — WATCH Author views Gulf Coast refiners like Phillips 66 as beneficiaries if Venezuelan heavy crude returns to U.S. Gulf Coast after sanctions ease because they can process heavy crude. The catalyst remains a conditional U.S. policy shift, with timing unclear and possibly already priced in.
Gulf Coast refiners like VLO, MPC, PSX that can handle heavy crude if Venezuelan oil comes back