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Stock impact report

Wall Street circles Venezuelan oil while some majors still call it ‘uninvestable' [Wealth Professional (Canada)]

T. Rowe Price Group, Inc. (TROW) 
Last t. rowe price group, inc. earnings: 4/28 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: trow.client.shareholder.com
Venezuela just went from “uninvestable” pariah to one of the riskiest high-beta bets on the planet – and global money is already lining up. US forces have captured former Venezuelan leader Nicolás Maduro, and US President Donald Trump is pitching Venezuela as a US$100bn oil and restructuring opportunity even as major oil CEOs and banks warn the country still fails basic rule-of-law tests, according to CNBC Venezuela sits on the world's largest crude oil reserves, but output has collapsed to below 1m barrels a day from 3.75m barrels in 1974 after years of mismanagement and sanctions, Bloomberg reported. Analysts at Rice University's Baker Institute estimate the country needs roughly US$10bn a year for a decade to rebuild its oil infrastructure to former peak levels. Trump has moved quickly to frame Maduro's ouster as an economic opening Since the military raid, his administration has seized tankers carrying Venezuelan crude and says the US is taking over sales of 30m–50m bar Show less Read more
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