By:
Yale Bock
Over the last month, there has been a series of announcements by the largest oil companies in the world about their willingness to spend a little bit of their resources in Venezuela. The thesis is to gain a foothold in reinvigorating the largest proven fields in a country with the biggest oil reserves anywhere in the world. A few of the companies with recent announcements include Chevron, Shell, BP, Repsol, and ENI.
The love affair between two geographies with more than a little antipathy towards the United States took an interesting twist as the European Union took a step towards considering Canada for ‘associate membership’ in the EU. Interestingly, the consideration would not involve EU citizenship, single market access, or the same voting rights as full members. The announcement was merely an initiative to consider the possibility for Canada. Birds of a feather flock together.
One country to look at for investment consideration remains Japan. The thesis is that the weakness of the Yen gives investors the possibility to gain exposure to the currency with the idea that when it strengthens, a holding with a yen-rich balance sheet, a business whose functional currency is the yen and whose revenues are dependent on yen, will benefit substantially from the currency’s appreciation. Here are some opposite perspectives on the matter-
Originally posted on October 1, 2026 on Y H & C newsletter/ blog
PHOTO CREDIT: https://www.shutterstock.com/g/evali
VIA SHUTTERSTOCK
DISCLOSURES
Y H & C Investments may have positions in companies mentioned in this newsletter. Nothing in the newsletter should be taken as an offer to buy or sell individual securities. It is the responsibility of each investor to research the investments mentioned so they can decide on the appropriateness and suitability of the investments consistent with their risk tolerance, risk constraints, and return objectives.
