MercoPress. South Atlantic News Agency
Argentina has the (Central bank) cash to take over YPF, says Barclays Capital
Argentina has the cash reserves to make a tender offer for Repsol-YPF SA local unit, the country’s largest energy company, and will likely put further pressure on the industry to boost output, has stated Barclays Capital. Read full article
Comments
Disclaimer & comment rulesTalk of more nationalizations, they have such a great track record running the Water company and the airlines! What are they going to do lose u$4 MILLION a day on YPF after they take it over?
Feb 09th, 2012 - 01:43 pm - Link - Report abuse 0It takes 10 years to find and develop a decent o/g field so is she doing this for the fugly Maxi's administration?
If you have money to spend, then you should pay back what you owe first .
Feb 09th, 2012 - 02:25 pm - Link - Report abuse 0As an Argentine said to me last week....$2m per day is being fed into the national airline (he then cautioned me never to use the airline as it was unsafe) but the money is completely unaccounted for. He then pointed out that the pilots fly maybe 20 hours per month - most airline pilots fly 60 - 80 hours - and they are extraordinarily overstaffed. But still this does not account for the $2m per day leaking out of the company.
Feb 09th, 2012 - 04:21 pm - Link - Report abuse 0good for Argentina, the only way to keep a lead on oil price is by having a national major company keeping the price at a competitive level this way a country can still produse good and services at a competitive price, Argentina odd to be carefull not to invest too soon on oil when bio-fuels might be the future, but 90% of Argentina's production very much depends on fossil fuels and for this reason nationalicing a oil producer is a great move to keep the economy productive at competitive prices.
Feb 09th, 2012 - 06:00 pm - Link - Report abuse 0So hardcore, yeahh!!!
Feb 09th, 2012 - 07:44 pm - Link - Report abuse 0Let's buy YPF so Maxi goes Menem style rampage and sell it again to the spaniards.
And Argies wonder why they have such high inflation. It certainly looks like Argentina is going the way of Venezuela. Have you had a look at Venezuela's inflation rate lately? But, wow! They do have very low gas prices.
Feb 09th, 2012 - 09:54 pm - Link - Report abuse 0#2 lol you should become a comedian, if you are still lighting candles to that saint you are not getting your blessings you are just burning wax for fun, go on child and find yourself a wining cause, as you can see here it isn't Argentina that disappointed you but what you expect from them.
Feb 09th, 2012 - 10:07 pm - Link - Report abuse 0@ElainB
Feb 09th, 2012 - 11:11 pm - Link - Report abuse 0That's right. But it has no solution. It's political suicide by firing the extra pilots(A). Expend much more money in planes and other stuff to get the pilots working(B). Keep it working the way it does(C).
Privatizing is not an option, it counts as A.
The best we can do is fly in LAN.
7 Pirat-Hunter
Feb 09th, 2012 - 11:19 pm - Link - Report abuse 0at leat we use candles for light .
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