According to Axios, the U.S. Is Closing in on a Massive Venezuela Oil Deal. 3 Oil Stocks That Could Win.
A U.S. oil deal with Venezuela could be a boon for these oil stocks.
Overview
According to a recent report by Axios, the U.S. is in discussions with the Venezuelan government about taking an ownership stake in its vast oil resources. The reported deal would more than double the size of America's oil reserves. U.S. oil companies would develop the fields and provide oil revenue to Venezuela in return. "Calling this deal huge would be an understatement," stated one U.S. official in the Axios report, "It is massive."
Here's a look at the reported deal and what oil stocks could win.
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Originally published at www.fool.com.
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