Geopolitics Alpha

Pentagon’s Venezuelan Oil Partner Nabep Adds Rig, Boosts Output

Published . Updated .

Covered by 3 outlets: Hart Energy, Energy Connects, Bloomberg.

Who covered it: Center 1 · Not rated 2. How we rate outlets

Pentagon’s Venezuelan Oil Partner Nabep Adds Rig, Boosts Output

North American Blue Energy Partners Inc., which is partnering with the US government to develop Venezuelan oil fields, is deploying a sixth drilling rig as it

Directly affected

  • No company is named in this report.

Indirectly affected

  • LMT Lockheed Martin+14.2%

    Defense contractors get more work when conflict spending rises

  • RTX RTX-2.2%

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman+5.1%

    Defense contractors get more work when conflict spending rises

  • GD General Dynamics-2.1%

    Defense contractors get more work when conflict spending rises

  • XOM Exxon Mobil+11.0%

    Oil producers earn more when crude prices rise

  • CVX Chevron+9.9%

    Oil producers earn more when crude prices rise

  • ITA iShares U.S. Aerospace & Defense-6.7%

    A fund of aerospace and defense companies

  • BA Boeing-10.5%

    Defense and aerospace orders move with conflict spending

  • LHX L3Harris+2.0%

    Defense contractors get more work when conflict spending rises

  • HII Huntington Ingalls

    Shipyards benefit when naval spending rises

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
LMT-6.43%-7.02%base+2.63%after closeafter closeafter close
RTX-0.33%-0.66%base-1.72%after closeafter closeafter close
NOC-5.86%-3.30%base-0.12%after closeafter closeafter close
GD-1.89%-1.84%base-0.37%after closeafter closeafter close
XOM+0.46%-0.17%base+2.81%after closeafter closeafter close
CVX-0.70%-0.41%base+3.00%after closeafter closeafter close
ITA+2.30%+0.79%base-0.99%after closeafter closeafter close
BA+1.35%+1.49%base+0.46%after closeafter closeafter close
LHX-2.26%-2.14%base-0.08%after closeafter closeafter close
HII-2.62%-2.41%base-1.68%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Pentagon’s Venezuelan Oil Partner Nabep Adds Rig, Boosts Output Hart Energy

Source: Hart Energy

Energy

CompanyWhenMoveStatus
BAthat day+0.46%final price
BAthree days earlier+1.49%final price
BAfive days earlier+1.35%final price
CVXthat day+3.00%final price
CVXthree days earlier-0.41%final price
CVXfive days earlier-0.70%final price
GDthat day-0.37%final price
GDthree days earlier-1.84%final price
GDfive days earlier-1.89%final price
HIIthat day-1.68%final price
HIIthree days earlier-2.41%final price
HIIfive days earlier-2.62%final price
ITAthat day-0.99%final price
ITAthree days earlier+0.79%final price
ITAfive days earlier+2.30%final price
LHXthat day-0.08%final price
LHXthree days earlier-2.14%final price
LHXfive days earlier-2.26%final price
LMTthat day+2.63%final price
LMTthree days earlier-7.02%final price
LMTfive days earlier-6.43%final price
NOCthat day-0.12%final price
NOCthree days earlier-3.30%final price
NOCfive days earlier-5.86%final price
RTXthat day-1.72%final price
RTXthree days earlier-0.66%final price
RTXfive days earlier-0.33%final price
XOMthat day+2.81%final price
XOMthree days earlier-0.17%final price
XOMfive days earlier+0.46%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

50 out of 100

“Pentagon’s Venezuelan Oil Partner Nabep Adds Rig, Boosts Output” scores 50 out of 100. The score uses 4 sources.