Will Brazil's Oil Gambit Backfire?
This video is part of our "Motley Fool Conversations" series in which advisor Charly Travers and analyst Mike Olsen discuss topics across the investing world.
Energy investors need to pay close attention to a fascinating story out of Brazil. The Brazilian government is seeking $11 billion in damages from Chevron and Transocean due to a relatively tiny oil spill. There are long reaching ramifications from this anti-oil stance, including oil majors deciding to back away from investment in this energy-rich region. Is Chevron a buy with this overhanging issue?
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At the time this article was published Charly Travers has no positions in the stocks mentioned above. Mike Olsen owns shares of Transocean. The Motley Fool owns shares of Transocean.Motley Fool newsletter services recommendChevron and Petroleo Brasileiro S.A. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.