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MarkWest Energy Partners, L.P. Message Board

  • steveh8000 steveh8000 Oct 5, 2013 7:19 AM Flag

    Anyone following the deal with Chevron and YPF's Muerta Shale Play?

    Been on my radar for a since mid-summer. A huge shale play.

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    • Sure, but it is in Argentina where the completely out of control CFK is President..that she and her cronies nationalized YPF doesn't leave one with a lot of guess is that Chevron is betting on CFK being unable to change the Argentina Constitution to permit her a 3rd term after 2015 allowing some more business friendly type to take over...and perhaps a new President might be more friendly than the USA loathing CFK. This is a world class shale play with monster opportunities...but you probably can get better odds right now betting on the #$%$ tables at Las Vegas. I have always been amused by the fact that years ago Ecuador and Argentina had a currency choice to make. Ecuador sucked it up and like Panama adopted the USA Dollar as its' currency. Argentina at the time had its' peso locked at 1 to 1 to the USA decided to break the link. To day, the USA loathing Ecuador still has the USA dollar with low. Inflation. USA loathing Argentina has 5+ pesos to the $ as the official rate with the unofficial rate being around twice that. And as far as inflation goes the IMF has cited Argentina for falsifying economic statistics..unofficial lay, the Argentina inflation rate is over 20%/ yr and climbing...the only reason that Argentina is kissing up to Chevron is that it's economic survival depends on getting a big fracking hit that only a big firm like Chevron can deliver..but if Chevron scores look to CFK or successor to rip it away for political gain...the only reason IMO that Chevron is in Argentina is that it needs a big hit to bolster its' reserves..and there are not too many places to go for a firm Chevron's size....Our firm does some business in Argentina, but we are working more in Brazil and Chile where things are more stable...

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