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YPF S.A. Message Board

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  • viewfinder4 viewfinder4 Feb 22, 2012 3:03 AM Flag

    And here is the latest attack of YPF by K.

    moreno and "the cristina" have crossed the line into comedy!

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    • Today YPF was told to get dollars from outside to buy "gasoil" from outside of Argentina. As already mentioned, YPF has complained that AFIP (equivalent of IRS) and the Secretary of Commerce (Guillermo Moreno) told YPF it cannot exchange pesos for dollars to buy "gasoil". So, now the Adminatration wants YPF, I assume Repsol, to use billions of dollars that they have or to stop the dividend to buy "gasoil".
      By the way, yesterday the President of Repsol arrived from Spain to try to deal with the problems facing YPF. President K. refused to meet with him and they've assigned an assistant to the assistant of the Minister of Energy to meet with him.

      These European managers need to stop being so polite trying to appease this Adminastration. These are not civilized politicians. YPF needs to adopt a scorched earth approach and start threatening these idiots that they will end up spending more than US$10 billion from the national treasury buying oil outside of Argentina if they continue harrassing YPF. The Argentine people always back down if one pushes hard enough. The first thing the President of Repsol needs to do is not waste any time meeting with a low level flunky...He needs to announce that he came here to meet with the President of the Republic and the Ministers of Commerce and Energy or he's going back to Spain. Also, demand the YPF be allowed to exchange pesos for dollars and if the current adminastration would like to use dollars from the outside all it has to do is bring back all the hundreds of millions of dollars it stole and placed in bank accounts outside of Argentina. It's time to fight the way these local politicians fight; dirty.

 
YPF
37.97-0.01(-0.03%)Jul 11 4:03 PMEDT

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