|Bid||8.94 x 1400|
|Ask||8.95 x 1400|
|Day's Range||8.90 - 9.15|
|52 Week Range||8.04 - 18.73|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||2.85|
|Forward Dividend & Yield||0.14 (1.58%)|
|1y Target Est||18.42|
YPF Sociedad An??nima (YPF) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
(Bloomberg) -- Argentina’s state-run oil company, YPF SA, is pushing ahead with plans to build a $5 billion natural gas export terminal despite the political and financial chaos racking the nation.The driller, which has led development of the nation’s Vaca Muerta shale trove, is in talks with potential international and domestic partners over designs for a liquefied natural gas facility. But the backdrop for those discussions has shifted dramatically after opposition candidate Alberto Fernandez beat market-friendly President Mauricio Macri in a key primary vote last month, sending shares of Argentine companies tumbling on concerns that a more protectionist government will take power.YPF executives, however, remain bullish about Argentina’s chances of becoming an established member of the small but growing club of LNG-exporting countries. “We can’t put the cart before the horse by distracting ourselves with current events,” said Marcos Browne, YPF’s executive vice president for natural gas and power. “This is the direction we need to move in.”Argentina faces stiff competition for LNG buyers as suppliers from the U.S. to Australia increase exports, adding to a global glut and sending prices for the fuel tumbling. But the YPF terminal could benefit from its location in the southern hemisphere, where seasonal gas use ebbs when it’s coldest in Asia and Europe, boosting heating demand in those regions.The Tango floating LNG facility, which chills gas into liquid for shipment overseas, has been ramping up production on Argentina’s Atlantic coast as it readies the nation’s first full cargo of the fuel, to sail at the end of October. Tankers will leave the Bahia Blanca port every 40 days or so until May 2020, when Argentina’s winter starts and domestic gas demand surges. Exports will resume this time next year.But the barge can only produce 500,000 metric tons a year of LNG, compared with global trade of about 290 million metric tons in 2017. A larger terminal that gives Argentina access to big importers in Asia is key to unlocking production in Vaca Muerta, where drillers face poor demand for much of the year.It’s still unclear whether the LNG facility would be onshore or offshore, and where it would be built. Options include anchoring several floating liquefaction units like the Tango in a row, similar to Golar LNG Ltd.’s project in Cameroon, Browne said.At YPF, a new government will likely mean management changes, and it’s unclear what the political situation will look like when final plans for the terminal are ready in about two years. But Fernandez is expected to keep supporting development of shale fields because Argentina desperately needs export dollars to shore up its currency, the peso.“The LNG terminal will be a machine for bringing in dollars,” said Sebastian Mocorrea, YPF’s executive vice president for corporate affairs. “Nobody in their right mind would meddle with it.”To contact the reporter on this story: Jonathan Gilbert in Buenos Aires at email@example.comTo contact the editors responsible for this story: James Attwood at firstname.lastname@example.org, Christine Buurma, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") has downgraded the ratings for several non-financial companies operating in Argentina, and all ratings were placed under review for downgrade. The actions follow the downgrade of the Argentine government's bond rating to Caa2 from B2, also placed on review for downgrade, on August 30, 2019.
Moody's Investors Service ("Moody's") has assigned today a B2 rating to YPF Energía Eléctrica S.A. (YPFEE) planned note issuance of up to $500 million under its medium term note program. The notes will have a 7-year maturity and YPFEE will use the proceeds to partially fund its investment program, repay outstanding debt and working capital needs. Moody's has reviewed the preliminary draft legal documentation related to the debt issuance.
Moody's Investors Service ("Moody's") has changed to negative from stable the outlook for several companies operating in Argentina, while all ratings were affirmed. Pampa Energía S.A.'s CFR and senior unsecured notes' ratings were affirmed at B2. The outlook was changed to negative from stable.
Moody's Investors Service ("Moody's") has assigned a B2 rating to Pampa Energía S.A.'s ("Pampa") proposed senior unsecured notes. The rating of the proposed notes assumes that the final transaction documents will not be materially different from draft legal documentation reviewed by Moody's to date and assume that these agreements are legally valid, binding and enforceable.
It could be time for emerging market debt to shine. Bonds from countries with emerging economies could see a banner second half of 2019 if the U.S. dollar stays weaker, as many anticipate, and investors turn away from trillions worth of sovereign debt offering negative yields. Last year was tough for emerging markets, when a resilient dollar made it more costly for many foreign countries and corporations to service their debts, after years of borrowing in U.S. dollars.
Moody's Investors Service ("Moody's") has assigned a B2 rating to YPF Sociedad Anonima's ("YPF") proposed senior unsecured notes due 2029. The rating of the proposed notes assumes that the final transaction documents will not be materially different from draft legal documentation reviewed by Moody's to date and assume that these agreements are legally valid, binding and enforceable. The ratings are mainly constrained by YPF's concentration of operations in Argentina, a moderate-to-high foreign-currency risk given that most of the company's debt is denominated in foreign currency, its portfolio of majority mature producing fields and its rigid labor cost structure.
Power returned to much of Argentina and two neighboring countries following a massive blackout that left tens of millions in the dark on Sunday, but Argentine President Mauricio Macri said the cause of the "unprecedented" outage was still unclear. Argentina's grid "collapsed" around 7 a.m. (1100 GMT), leaving the entire country without power, Argentina's Energy Secretariat said. The outage also cut electricity to much of neighboring Uruguay and swaths of Paraguay, and shut down YPF SA's La Plata refinery, Argentina's largest.
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the first quarter. One of these stocks was YPF Sociedad Anonima (NYSE:YPF). YPF Sociedad Anonima (NYSE:YPF) was in […]
Argentine oil company YPF SA said on Sunday that it began loading the first shipment of liquefied natural gas (LNG) for export from Argentina. The shipment includes 30,000 cubic metres of LNG from the Vaca Muerta shale play, YPF said in a statement. "This is the first step of a process that YPF is leading to export and expand gas markets to the world," Marcos Browne, executive vice president of gas and electric power for YPF, said in the statement.
For the fiscal third quarter, Telenav (TNAV) expects total revenues between $49 million and $53 million, while net loss is anticipated to be $7 million-$9 million.
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Moody's Latin America Agente de Calificación de Riesgo S.A. ("Moody's") has assigned today a B2 Global Scale rating and an A1.ar National Scale Corporate Family Rating to YPF Energía Eléctrica S.A. (YPFEE) with a stable outlook. NSRs are designated by a ".nn" country modifier signifying the relevant country, as in ".za" for South Africa.
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