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Thursday, Apr 12
2012, 1:44 PM
Argentina's government appears to be making an already difficult environment worse for...
Argentina's government appears to be making an already difficult environment worse for attracting investors to develop its Vaca Muerta shale fields, after revoking licenses from YPF (YPF +8.3%) and Petrobras (PBR +2.5%) over an investment dispute. The deposit holds over 23B boe in an area roughly the size of Connecticut. “None of the majors would want to step into a field that’s been expropriated from a fellow major," RBC's Peter Hutton says.