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BBVA Banco Francés S.A. Message Board

  • dasamaru40 dasamaru40 Dec 10, 2012 12:39 PM Flag

    Argentina

    In today's Financial Times, there appeared an interview with Miguel Gualuccio, Chief Executive 0fficer of YPF.This article/interview is worthwhile reading as it takes but a few minutes.It made note of the fact that the Argentine government has decreed a rise in wellhead prices providing a big incentive to invest in new gas production.Oil and gas account for 85% of Argentina's energy needs, and energy imports are still rising as current output continues to slow.The interview concluded with the opinion expressed by this CEO that Argentina could be self-sufficient in five years.Several sources are being solicited for YPF's $37 bn five-year investment plan, of which $22bn will come from YPF's cash flows.The stock market in Argentina is starting to look beyond the contemporary difficulties, and the shares of companies are starting to rise from deeply depressed levels. As of the close on Friday, December 7,2012:Merval=2480; BMA=$16.08; GGAL=$6.04; IRS=$6.9784; BFR=$4.51.

    Sentiment: Hold

 
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