Some folks made a lot of money from the Venezuela operation
I did a quick search for the “picks and shovels” players in the oil and gas industry (those who would benefit most immediately from this rather than Chevron that will modestly benefit only on the long run if everything goes well) and it’s very interesting to see who benefits and how shareholders must have been tipped off during Friday market hours. The market was up Friday (modestly with somewhat low volume), but these one day gains are significant for the industry. It’s clear some people knew what was coming. We need congressional hearings on this right away. This corruption is endemic and the market manipulation is constant. We’re seeing insiders profit over every single policy decision.
Explosions were reported around 1 am est time, so well after market close. Note, this was a quick search for the players, but take a look at the stock price bumps:
If Venezuela infrastructure rebuilding actually happens:
Most likely beneficiaries (in order):
1. Oilfield services (SLB, HAL, BKR)
Slb NV
NYSE: SLB
40.20 USD +1.82 (4.74%)
Halliburton Co
NYSE: HAL
29.60 USD +1.34 (4.74%)
Baker Hughes Co
NASDAQ: BKR
47.14 USD +1.60 (3.51%)
2. Pipe / midstream / EPC firms (Tenaris, TechnipFMC)
Tenaris SA
NYSE: TS
39.07 USD +0.62 (1.61%)
TechnipFMC PLC
NYSE: FTI
47.31 USD +2.75 (6.17%)
3. Traders & logistics (Vitol, Trafigura)
4. Power & industrial suppliers (GE, Siemens Energy)
General Electric Co
NYSE: GE
320.75 USD +12.72 (4.13%)
Siemens Energy AG
OTCMKTS: SMNEY
143.97 USD +3.82 (2.73%)
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