I am glad your dog is doing better. I know you are close as you spoke often about him. Sorry about the job but you can do very well trading. I am still in Calix and sold my Clfd at a nice profit. I also trade UNG I pick it up and buy more if it drops. It has always gone back up for me and I have made a ton on the trades-No losses yet. I am ready to jump back in soon. My last sell was 10.96.GSX and YPF and CALX are all I have now. Got out of TWER today. I have been doing quite well trading. It is nice to hear from the old OCNW group. If you have any good ideas let's share. email@example.com
This was an IPO. While it traded somewhat, only 1.3% of the stock was in public hands. Repsol owned 81.5%. Peterson bought their shares from Repsol for USD$39 in 2008 when oil prices were low. The gas discovery took place in Nov. 2010--two years later. YPF has 1 billion barrels of proved BOE worth $30 billion. Try to find another major integrated selling below the value of its reserves. All the downstream is free-1700 gas stations, refineries, gathering systems as well is all unproved, acreage, and the latest gas find.
The company states they will pay out 90% of a.t. income. The dividend has no withholding tax in Argentina. While the April dividend has not been set, I believe it could be $1.80 as they are earning $4/shr and that would be a 90% payout. That means the stock is yielding close to 9%. This offering creates liquidity with 9% of the company now trading publicly--mostly in the U.S. No analyst has ever written on YPF. That will change very soon.
You also have to figure in the liquidity. Before this offering the stock was illiquid in the U.S. Now it trades well with $1B of float in U.S. The stock will clear after this offering and then rise every day.