Friday, September 23, 2016

Venezuela's Crisis Has Worsened


Times have not been particularly good for Venezuela as a collapsing oil market has thrown the country's economy into disarray and left many of its citizens hungry and steeped in poverty. In this article I wish to revisit a prior work I published on Seeking Alpha about two months ago and give my own thoughts on what the picture in Venezuela looks like for investors in companies like Memorial Production Partners (NASDAQ:MEMP), Approach Resources (NASDAQ:AREX), and Legacy Reserves (NASDAQ:LGCY), as well as for the United States Oil ETF (NYSEARCA:USO) and other oil-related ETFs moving forward. More…

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