Argentina's government appears to be making an already difficult environment worse for...

|By:, SA News Editor

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.