- YPF (YPF +8.5%) trades sharply higher after a weekend Barron's piece highlights the company's front-row seat in Argentina's vast oil and gas reserves, which could be worth triple the stock's current level.
- Full development of the huge Vaca Muerto reserves, which could cost tens of billions of dollars and take a decade or more, hinges on better access to international capital markets, thus Argentina's recent agreement to pay Repsol $5B for expropriating its 51% stake in YPF is seen as a critical positive step.
- Some U.S. institutional investors and Mexican billionaire Carlos Slim have been buying shares, and this summer's agreement between Chevron and YPF could be a model for the development of Argentina's significant oil and gas reserves.
YPF +8.5% on positive Barron's profile, has room to run after recent gains
Dec 16 2013, 10:58 ET