Michael Burry’s big play off the U.S.-Venezuela situation, which the investor has held for years

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.

Source

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