Archive for the ‘Venezuela’ Category

How Venezuela Became One Big Casino

Via The Atlantic, a report on how – in the midst of the country’s economic collapse – casinos, and the dollar, are king again: The monkey entered the casino after midnight. It clung to the arm of a short man with a military haircut. The man stood and watched the action at the roulette tables […]

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Venezuela: Decline Of An Oil Giant

Via Oil & Gas Daily, an article on the deterioration of Venezuela’s petroleum sector: Leaks, rusted pipes, pieces of broken equipment scattered about and staircases leading nowhere: Lake Maracaibo’s oil field is a metaphor for Venezuela’s once-flourishing petroleum industry that is now on its knees. More than a century ago, the Maracaibo basin in northwestern […]

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Venezuela Turns to Flashy Casinos, SUVs and U.S. Dollars for an Economic Boost

Via The Wall Street Journal, a report on how the Venezuela’s economic liberalization puts this Socialist country on path for growth after seven-year free fall: A dozen casinos are opening here in a country where the Socialist government had banned gambling as a capitalist vice. And stores that were barren just a couple of years […]

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Venezuela: Home To Latin America’s Unlikeliest Super App

Via Rest of World, an article on an unlikely superapp coming out of Venezuela: When Vicente Zavarce was first starting Yummy, Venezuela’s self-appointed “everything app”, he sought out other entrepreneurs in Latin America for advice. One of those was the leadership team at Yaigo, a Bolivian logistics startup, including its co-founder and CEO Ariel Valverde.  “They […]

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Has China’s Promise To Develop Venezuela’s Mines Gone Unfulfilled?

Via Belt and Road News, an article on China’s promise to develop Venezuela’s mines: At the turn of the century, China and Venezuela signed several agreements worth millions of dollars for the development of the Venezuelan mining sector, which both countries promoted as an alternative to Caracas’ over-reliance on oil. Expectations were high. Yet years later, […]

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Venezuela’s Maduro Pleads for Foreign Capital, Biden Deal in Caracas Interview

Via Bloomberg, a report on a recent interview with Venezuelan President Nicolas Maduro: Seated on a gilded Louis XVI chair in his office at Miraflores, a sprawling, neo-Baroque palace in northwest Caracas, Venezuelan President Nicolas Maduro projects unflappable confidence. The country, he says in an 85-minute interview with Bloomberg Television, has broken free of “irrational, […]

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About This Blog
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.