I invest in YPF on a regular basis...about 180 kilos of LP at a time.
Also smaller garrafas of 10 kilos which icreased in price from $900 to $1200 pesos last week.
Still a bargain at less tha $4,00 USD...compared to over $30,00 USD in the USA.
So is YPF nafta (gasoline) at less than $2.00 USD per gallon as of last week.
Yeah yeah, going to draw a lot of the knee jerk hating on Argentina responses, not interested in those.
Are any of you investing in YPF, or at least watching it?
Are any of you selling covered calls?
When you're the government's cash cow you can blast through a lot of the safety and permitting requirements. You can also get fast tracked to accessof dollars for imports of materials you need. You can also get preferential treatment for takeaway.
YPF is a big winner due to the Vaca Muerta fields. There are, however, two huge clouds hanging over YPF. There are two major lawsuits in the US Courts. One is about environmental damage in the USA, and the penalties could be several billion dollars, in which case YPF may go bankrupt. The other lawsuit also involves billions of dollars, not pesos, and it has to do with the way the Kirchner's expropriated YPF. If both lawsuits go against YPF, you may see the stock prices drop again to below $3. Good luck with investing in it.Yeah yeah, going to draw a lot of the knee jerk hating on Argentina responses, not interested in those.
Are any of you investing in YPF, or at least watching it?
Are any of you selling covered calls?
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