http://www.bloomberg.com/news/2012-03-14/ypf-given-five-days-to-retract-argentine-province-price-increase.htmlThis attacks will never stop
Wonderful research for 100 shares, small potato :).
"Kirchner and oil-producing provincial governments are demanding that companies from YPF to Pan American Energy LLC raise investments to reduce the rising dependence on imports." This is not just a YPF issue, every oil producer is being, "encouraged" to produce more.“YPF invested a record 13.3 billion pesos ($3.1 billion) in 2011, 50 percent more than in 2010, the company said in a Feb. 8 regulatory filing.” They were able to keep the Divi while investing this much. Should be able to keep it going forward? When are we going to see those investments payoff in the form of more production?