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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: DinoNavarre who wrote (206254)1/7/2026 2:01:15 PM
From: robert b furman3 Recommendations

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E_K_S
sixty2nds
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Guyana's producing fields have XOM managing them with a 45% share, CVX who bought Hess's share has 30% and CNOOC has a 25% share.

Venezuela might thumb their nose at Trump and the USA, but they would not screw with China's largest E&P.

Now that Venezuela's heavy crude is being refined by US refiners, the dirt cheap heavy crude (with discounts (said to be $15.00 to $20.00 below WTI) will now pull a higher processing price on the market pricing system.

Bad news for the Chinese teapot refiners who were buying up sanctioned oil on the cheap.

It should be a nice boost to Venezuelas cash flow with out building new refineries.

Capex can go directly to production of barrels and modernization.

I bet Venezuela has really screwed up their environment at the drilling site. Another environmental plus with US oil services.

Bob
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