QuilmesSlo
Registered
Anyone following this situation? I am afraid F and K are finally cooking the goose.
What am I missing?
What am I missing?
YPF Default
- Thread starter QuilmesSlo
- Start date
Oaktree, BlackRock are among YPF creditors organising
Investment firms including Oaktree Capital Management and BlackRock Inc are organising into two groups to negotiate with YPF SA after the state oil producer proposed a debt swap that would saddle them with losses.
www.batimes.com.ar
doesn't sound too ominous just yet, but whatver happens there will be fingers pointed elsewhere and probably money printed to prop them up.
jblaze5779
Registered
The new president of ypf is a Christina collaborator and industry folks are watching closely.
jblaze5779
Registered
Basically everyone involved or owed money by ypf will take a hit. Vendors, investors, AR citizens.
Key part from the article - YPF, unable to get the Central Bank to sell it the dollars it needs to make near-term debt payments.Oaktree, BlackRock are among YPF creditors organising
Investment firms including Oaktree Capital Management and BlackRock Inc are organising into two groups to negotiate with YPF SA after the state oil producer proposed a debt swap that would saddle them with losses.
doesn't sound too ominous just yet, but whatver happens there will be fingers pointed elsewhere and probably money printed to prop them up.
They need dollars and the BCRA can't print those.
jblaze5779
Registered
I'm sure you know who is holding back those dollars to distress the situation and make it easier to screw the creditors and swoop the company.
But if you loan argentina money who's fault is it really?
But if you loan argentina money who's fault is it really?
Rich One
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The new YPF president was the vice Governor of Santa Cruz Province under Alicia Kirchner the Governor
QuilmesSlo
Registered
Vaca Muerta is now finished. No foreign partner or investor will provide the needed investment capital. This is a big negative for Argentina. I am very sad to see it.
I'd imagine the government will end up giving a sweetheart deal to Chinese or Russian oil companies in a few months when no other suitors appear