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Transportadora de Gas Del Sur S.A. Message Board

  • zoroaster85 zoroaster85 Mar 7, 2013 10:51 PM Flag

    The Argentina - Iran connection & TGS

    In my opinion TGS is positioned to be one of the best opportunities in a lifetime. TGS is Argentina's largest natural gas company. Many of you have heard in the news that Argentina and Iran are discussing a "truth commission" to investigate details of the 1994 bombing in Buenos Aires. I think the reason why after all these years Argentina has decided to take this route is because their debt ridden economy and Iran's sanction battered economy compliment each other during these difficult times. Iran has the second largest reserves of natural gas in the world. Argentina has one of the most productive agricultural sects in the world. As the colder months approach in the Southern Hemisphere more and more people in Argentina will be turning on heaters and using more natural gas. Iran has offered to sell Argentina liquefied natural gas for the past several years, but Argentinians have been wary to do business with Iran since 1994. As Argentina faces another catastrophic default they appear to be more flexible to setting aside differences from the past, and Iran's natural gas would help keep the prices of gas low for the Argentinian people, and increasing trade with Iran will undoubtedly lift the Argentine economy.

    My favorite part is that many US companies are pulling out of Argentina due to speculation of another default, which means this stock is perfect for the guy on "Main Street" that is willing to wait patiently for the political drama to pass. This year may be the year the US and Iran finally settle their differences, and if they do I think Argentina will be one of the first nations to benefit from such an agreement.

    What do you all think?

    Sentiment: Strong Buy

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