Repsol to consider YPF compensation offer from Argentina

Repsol's (REPYF) board is due to decide tomorrow whether to accept a compensation proposal from Argentina for the nationalization of the oil company's 51% stake in YPF (YPF) in April 2012.

Repsol would receive "liquid assets", with Spanish publication El Confidencial reporting that the offer includes $5B of Argentina-backed debt. Repsol initially demanded $10.5B in compensation.

The firm's shares are +3.75% in Madrid.

Comments (3)
  • Patent News
    , contributor
    Comments (1475) | Send Message
    didnt argentina not pay last time around when they defaulted?


    good luck
    26 Nov 2013, 06:15 AM Reply Like
  • wmcraigbarnard
    , contributor
    Comments (206) | Send Message
    For the massive oil play to develop this new arrangement had to be negotiated. Argentina absolutely needs the technology, money and know how being brought to the table by Chevron Corp.


    Now the shares will likely grow in value much quicker. However every time I see these announcements there seems to be a pull back from recent prices. It's similar to a runner taking a deep breath before taking off. While there is no way to know what will actually happen, if your in a margin account it would be worth your consideration to keep in mind that a pull back is possible.
    26 Nov 2013, 10:46 AM Reply Like
  • Sufiy
    , contributor
    Comments (377) | Send Message
    McEwen Mining And TNR Gold: Repsol shares soar on Argentina compensation news MUX, TNR.v, LCC.v


    We have more positive news coming from Argentina. Business climate is changing to the more positive investment outlook after the recent elections in the country. It should be translated in higher valuations of Los Azules Copper project for McEwen Mining and TNR Gold now.

    27 Nov 2013, 07:17 AM Reply Like
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