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Net profit at YPF (YPF -2.2%) fell 51% Y/Y during Q3 due to increased operating costs and poorer...

Net profit at YPF (YPF -2.2%) fell 51% Y/Y during Q3 due to increased operating costs and poorer performance by companies in which YPF has a stake, as well as a deferred tax payment. Argentina sits on huge resources of shale natural gas and oil, but large amounts of capital would be needed to bring them into production; YPF rules out any foray into global credit markets "anytime in the short term."
Comments (2)
  • untrusting investor
    , contributor
    Comments (9928) | Send Message
     
    An interesting play, but would wait for lower prices yet.
    7 Nov 2012, 11:37 AM Reply Like
  • Caiman Valores
    , contributor
    Comments (1492) | Send Message
     
    I agree and believe that YPF is a very interesting play, but it will be some time before the investment in building reserves and lifting production will pay off for the company. I do believe that the stock is heavily undervalued and ran a valuation in the second part of my article in YPF available here http://seekingalpha.co....
    8 Nov 2012, 01:01 AM Reply Like
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