A hand holding an oil drilling rig located outside the headquarters of Petróleos de Venezuela SA, the state-run oil company, in Caracas.
Photographer: Javier Campos/Picture Alliance/Getty Images
The Big Take
With Maduro Out, Wall Street Chases After Venezuela’s Riches
For years, the Latin American country was all but off-limits. Now, traders and tycoons are pouncing.
Bond traders talked up the potential. Energy investors had a glint in their eyes.
Few foresaw the US’s brazen overnight capture of Nicolás Maduro. But the wealth that could be unleashed by regime change in Venezuela was on many Wall Street minds in the months leading up to the Trump administration’s shocking move.