Thu, Dec 25, 2014, 1:36 AM EST - U.S. Markets closed for Christmas

Recent

% | $
Quotes you view appear here for quick access.

YPF S.A. Message Board

  • jeromcarso jeromcarso Feb 18, 2013 10:13 AM Flag

    YPF longs......have you seen this Bloomberg news.....?

    COMMENTS FROM EITHER LONGS AND SHORTS ARE WELCOME

    on Feb 14, 2013

    Argentina will almost triple natural gas prices to producers to encourage conventional and shale drilling and stem declining output, according to a subsidy plan published in the official gazette.

    The government will pay producers $7.50 per million British thermal units, the government said today in a resolution signed by deputy Economy Minister Axel Kicillof and Domestic Trade secretary Guillermo Moreno. The average price paid to producers in 2011 was $2.50 per million Btu, gas-producing province Neuquen’s governor, Jorge Sapag, said in an e-mailed response to questions in September.

    President Cristina Fernandez de Kirchner nationalized energy producer YPF SA in April seeking to stop declining output and boost production. YPF’s gas production slid 2.3 percent in 2012 compared with the prior year, Chief Executive Officer Miguel Galuccio said yesterday in a speech from Chubut province. YPF’s gas production dropped 11 percent in 2011 when the Buenos Aires-based company was controlled by Spain’s Repsol SA.

    “Natural gas reserves are declining as a consequence of low investments in exploration and exploitation,” the government said in plan published today.

    A unit of Total SA is the country’s largest gas producer with a 30.45 percent market share, YPF has 22.97 percent, BP Plc’s Pan American Energy LLC has 12.05 percent, Petrobras Argentina SA has 8.92 percent and an Apache Corp. unit has 3.9 percent, according to data published on the Argentine Institute of Oil and Gas’s website.

    To contact the reporter on this story: Pablo Gonzalez in Buenos Aires

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
YPF
26.82-0.62(-2.26%)Dec 24 1:03 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.