Michael Burry, known for “The Big Short,” has quietly invested in Valero Energy since 2020, seeing potential in Venezuelan oil. President Trump’s call for U.S. oil companies to invest in Venezuela after Maduro’s overthrow has spurred interest. Analysts believe Valero could benefit the most from increased Venezuelan supply, with shares jumping 10%.

Burry also sees opportunities for U.S. oilfield services companies like Halliburton, Schlumberger, and Baker Hughes in Venezuela’s oil infrastructure rehabilitation. With Venezuelan pipelines and refineries deteriorating, U.S. contractors could play a key role. Burry plans to potentially buy more shares or LEAPs in Halliburton for long-term investment in this sector.

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