With the passing of Hugo Chavez, some of the superpowers of oil are looking to court the Venezuelan government for a larger footprint in some of the nation's oil plays. Chevron has jumped out in the lead by starting talks already, and several others are lining up as well. In the following video, Fool contributor Tyler Crowe speaks with Aimee Duffy to explain why the Venezuelan government may be more open to the idea of larger investments from outside sources and who might want a piece of the Venezuelan pie.
If you're looking for a little more international energy exposure in your portfolio, look no further than National Oilwell Varco. It is perhaps the safest investment in the energy sector because of its industry-leading 60% market share, and almost 91% of its capital expenditures in 2013 are geared for the international market. To help determine whether it's a nice fit for your portfolio, check out our premium research report with in-depth analysis on whether NOV is a buy today. For instant access to this valuable investor's resource, simply click here now and claim your copy today.
The article With Chavez Gone, Will Oil Companies Warm to Venezuela Again? originally appeared on Fool.com.Fool contributors Aimee Duffy and Tyler Crowe have no position in any stocks mentioned. You can follow them both on Fool.com under the handles TMFAimeeD and TMFDirtyBird. The Motley Fool recommends Chevron and Statoil. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.