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The government in Buenos Aires moves along, now set to take control of a gas company owned by...

The government in Buenos Aires moves along, now set to take control of a gas company owned by Spain's Repsol (REPYY.PK -6.3%), according to a Senator. He spoke following a committee vote approving the nationalization of YPF. The full Senate votes on April 25.
Comments (12)
  • geesh - kick spain while its down
    this wont end well for anyone - soon Brazil and Argentina will be on the receiving end
    18 Apr 2012, 03:41 PM Reply Like
  • http://on.mktw.net/HTsWSD

     

    Argentine Economy Minister just resigned. Nearly every ADR for Argentine stocks just dropped.
    18 Apr 2012, 03:41 PM Reply Like
  • We could play a new game, called "Who's next"?
    Anyone who correctly identifies the company that's next on the Argentina expropriation block wins.
    18 Apr 2012, 03:46 PM Reply Like
  • What's the prize? I'd like to suggest some YPF or Repsol shares :)
    18 Apr 2012, 03:52 PM Reply Like
  • You want to use it as wallpaper? ;)
    18 Apr 2012, 03:54 PM Reply Like
  • Sure!

     

    Repsol goes broke, Spanish banks go broke, Spain bails them out then goes broke, EU can't bail them out, Euro fails, US banks go broke, US bails them out, US Dollar fails.

     

    Repsol shares might make for good kindling for fires when I'm homeless :)

     

    (All of the above is for comic effect, do not take it too seriously please :) )
    18 Apr 2012, 05:21 PM Reply Like
  • I think they will get something for YPF. May be between 8 to 15 per share. I will buy few YPF if it falls below 8. It will be long court battle but Repsol and YPF share holder will get something out of it.
    18 Apr 2012, 07:38 PM Reply Like
  • last night the government leaked the news through a cable news night show that is planning to pay CERO, because YPF has cooked its books. In the worst case, the goverment could sue them looking for compensation related to environmental damages and other claims..All neted, could be near cero, no doubt.
    19 Apr 2012, 11:19 AM Reply Like
  • The message from Argentina is Loud and Clear: Do NOT invest in Argentina!
    18 Apr 2012, 08:40 PM Reply Like
  • I am sorry, I didn't hear that......what was it again?
    Just kidding..
    19 Apr 2012, 08:11 PM Reply Like
  • Great time to nationalize! Well played strategic move on the Risk Board by Argentina. What is Spain going to do on Reposal's behalf? Going to war could solve Spain's high unemployment among single young men but who would finance the venture? The hidden short may be PEMEX who owns a significant portion of Reposal.
    19 Apr 2012, 12:01 AM Reply Like
  • I certainly hope that any company that will do business with argentina to help with the oil production is smart enough to get paid in advance.
    19 Apr 2012, 04:04 AM Reply Like
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