No. of Recommendations: 1
Chavez nationalized foreign oil holdings in Venezuela. European companies accepted the compensation Chavez offered, and called it a day. USian companies sued.
DrBob posted on the Fool that the auction of PDVSA's US holdings, known as Citgo, is about complete, with proceeds from the winning bid, $5.9B, to compensate the "victims" of the nationalization.
https://discussion.fool.com/t/citgo-sold-at-auctio...Inquiring minds want to know, after Exxon and ConocoPhilips pocket their compensation from the legal action, will the Trump installed quising in Venezuela hand their properties back to them, so they have both the cash, and the properties?
Steve...noting hurricane season has ended
