Key Points
- Michael Burry, known for “The Big Short,” said he has owned Valero Energy since 2020. He views the position as being increasingly attractive as the U.S. prepares to take a role in reviving Venezuela’s oil industry.
- The investor’s comments come after President Donald Trump called on U.S. oil companies to invest in Venezuela following the overthrow of President Nicolás Maduro.
- Analysts on Wall Street have been highlighting Valero as a key beneficiary if Venezuelan supply increases, as the company can process heavy crude.
