Seeking Alpha

David Fry's  Instablog

David Fry
Send Message
David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
My company:
ETF Digest
My blog:
Dave's Daily
My book:
The Best ETFs: U.S. Equities (A Companion Guide To Building Your ETF Portfolio)
  • Argentina: Investors Fear Of Government Intervention 0 comments
    Mar 19, 2012 10:24 AM | about stocks: ARGT, YPF, EEM

    Last week the Merval, Argentina's benchmark stock index, finished slightly down amidst a growing clash between the Argentine government and YPF SA, the largest oil and gas company in Argentina. While the Global X FTSE Argentina 20 ETF (NYSEARCA:ARGT) was slightly up last week, the dispute has investors rattled.

    The conflict centers on an Argentine government request that YPF SA reinvest its last two years' earnings in production and exploration rather than pay dividends to stockholders. The majority Spanish-owned company has been the target of mounting criticism by Argentine government officials, not least of whom President Cristina Kirchner, for failing to boost production.

    Argentina, once a net oil and natural gas exporter, has experienced a steep decline in oil production since 1999 with a precipitous 32% fall since 1998. This has necessitated growing petroleum imports which erased as much as $5 billion from Argentina's trade surplus last year.

    <READ MORE>

    Themes: Argentina, Emerging Markets, ETF Stocks: ARGT, YPF, EEM
Back To David Fry's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.