Seeking Alpha

Chevron (CVX) issues an ultimatum to Argentina, saying it will not make any progress on an...

Chevron (CVX) issues an ultimatum to Argentina, saying it will not make any progress on an agreed joint venture with YPF until a court threat to its assets is lifted. "We’d like to work with them," CVX vice chairman George Kirkland tells FT, but "this is our money." The tough line hurts the government’s hopes of forming a partnership with a top global oil company to help develop its vast shale reserves.
Comments (2)
  • Bully for you George!!! I'd stay out of that can of worms too...
    13 Mar 2013, 02:26 PM Reply Like
  • Argentina has shown that it cannot be trusted to keep its word, by the pending case on its bond payment, and its continuing (and recently overwhelmingly defeated) claim to the British Falklands. Chevron would do well to stay away from investment of any money in such a country.
    13 Mar 2013, 03:27 PM Reply Like
DJIA (DIA) S&P 500 (SPY)