RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Let me do the math for you. ,!Yeah, the local experts say that in about 4 months Maduro will be neighbours with Bashar al-Assad in Moscow. IMF has $50 billion rescue package ready to rebuild Venezuela once Maduro is gone and there's a return to constitutional order in Venezuela.
I guess that Trump is gonna kick some butt in these parts. Declare a few regimes as illegitimate criminal, narco terrorist organizations under the "Alien Enemies Act". The US already is offering $25 million reward for info leading to Maduro's arrest. The US sees him as an illegitimate thug. You can google Marco Rubio's remarks concerning Venezuela. Also Trump wants the Panama Canal back.
Anyway the local experts point to Chevron as an example of how quickly foreign oi companies can mobilize in Venezuela to get oil online. Chevron got special permission to E&P oil in Venezuela from the US state department under Biden. Trump had imposed sanctions in 2019. Chevron now produces about 29% of total Venezuelan production at 300,000 bpd. You get the majors back in Venezuela I don't know how they're going to keep the oil price as high as it is. Break even costs are under $20 per barrel in Venezuela. They can make great money at $50 oil. And Trump does want to refill the SPR and bring down oil price to keep inflation low.
The great thing for fec is that they know the Venezuelan oil industry very well. They could easily deploy assets in Venezuela and wait out the commie Petro in Colombia. Really and truly I'm super surprised that he's still president and not in hiding somewhere. Colombia is on the verge of running out of natgas to generate electricity. What you hear is true. We get NTN24 and Caracol from Bogota here so we see what is happening there. I think that Frank might be right about fec being undervalued. With the right gov in Colombia and Trump kicking butt ya never know. Plus if Trump takes back the Panama Canal with Cartagena right across the bay with a good deep water port then port assets in Cartagena can only grow in value.