MercoPress. South Atlantic News Agency
Argentina has decided to take control of YPF, says pro-government newspaper
The Argentine government has made the decision to take control of leading energy company YPF and is discussing whether to renationalize it or intervene in its administration, a newspaper reported on Saturday. Read full article
Comments
Disclaimer & comment rulesObvious nationalisation of cash rich asset is obvious.
Apr 01st, 2012 - 08:58 am - Link - Report abuse 0@1 You make more declarations than the UN Decolonisation committee. Do you're programmes ever actually compile?
Apr 01st, 2012 - 09:04 am - Link - Report abuse 0@2 Yes.
Apr 01st, 2012 - 09:13 am - Link - Report abuse 0The nationalized or private holding companies are the same things.
Apr 01st, 2012 - 09:29 am - Link - Report abuse 0Becouse,both are managed by Secret Services ..everywhere in the world.
The State sector companies have official puppets..
The Private sector companies have private puppets...
No difference..............................................!!
@4 Thanks for that glimpse into your paranoid little mind. It was quite enlightening.
Apr 01st, 2012 - 09:33 am - Link - Report abuse 0I suppose this could keep the Argentine economy going for maybe a few more months.....
Apr 01st, 2012 - 09:33 am - Link - Report abuse 0I did like the suggestion of changing the law to make the move less illegal. I suppose these types of moves are normal in a dictatorship.
Anyway lets see if it happens!
@6 She rules by decree, so it takes little effort. Besides this will only give them U$1+ Billion, they're in need of much much more.
Apr 01st, 2012 - 09:35 am - Link - Report abuse 0If they want to get more oil out of the ground they also need significant amounts of up-mid-downstream investment, and that's not going to be cheap.
Yet another example of Argentina's hypocracy: constantly making ridiculous allegations about alleged UK breaches of international law, yet constantly acting in breach of international law itself. And then they wonder why we hold them in such contempt!
Apr 01st, 2012 - 10:14 am - Link - Report abuse 0@8 Ah, don't get down. Hypocrisy is all the Argentinians have.
Apr 01st, 2012 - 11:04 am - Link - Report abuse 0Yet another example of Argentina's hypocracy: constantly making ridiculous allegations about alleged UK breaches of international law, yet constantly acting in breach of international law itself. And then they wonder why we hold them in such contempt!
Apr 01st, 2012 - 12:02 pm - Link - Report abuse 0Sure..but YPF originally was a State controlled CO.Mendes and kirchner sold it....Strange turn...Anyway I agree...
@10 They're looking for quick money. The economics won't change if it's a state owned company compared to a private one because once they've bought the current owners out, they'll still have to find the money to invest in the fields. That's going to be in the order of $25 Billion over decades.
Apr 01st, 2012 - 12:52 pm - Link - Report abuse 0Repsol can borrow that money from the markets. YPF as a state asset cannot.
So it turns out Turkeyneck is the real pirate then. Time for any company that can to get the hell out of this corrupt hellhole.
Apr 01st, 2012 - 01:00 pm - Link - Report abuse 0If they nationalize YPF, how are they going to pay for it? I'm sure the Spaniards don't want to take Argentinian government bonds.
Apr 01st, 2012 - 01:07 pm - Link - Report abuse 0State control over public companies does not work. You end up with a bloated workforce and a lack of productivity. I think the Soviet Union tried and tested this and eventually learnt.
Apr 01st, 2012 - 01:12 pm - Link - Report abuse 0Doh!
@13 They'll force some bonds on the Spaniards, and then they'll do a bond swap where the new bonds are worth 1/3 of the price of the previous bonds.
Apr 01st, 2012 - 01:17 pm - Link - Report abuse 0That's their usual M.O.
By the time individual states have finished revoking consessions, there is not going to be much of a company to nationalise, therefore not much compensation to be paid.
Apr 01st, 2012 - 02:14 pm - Link - Report abuse 0Of course it will mean another international dispute for compensation, to add to the pile.
The real question is, can they or do they have someone ready to, run the industry and make a better job of it, quick!
If not, then they better get used to imported prices.
OMG evil Britain together with evil free press are behind this to attack benevolous Kristina !!!!!!!!!! XD
Apr 01st, 2012 - 04:23 pm - Link - Report abuse 0I´m so tired of this lady and her BS.
The only good thin here is that YPF stock will probably dive, so I´ll buy some.
@ 7: that´s correct, she rules by decree and by laws passed by a docile congress.
Fuck You Argentina.
Apr 01st, 2012 - 09:57 pm - Link - Report abuse 0this is now a spannish, problem, is it not .
Apr 01st, 2012 - 11:26 pm - Link - Report abuse 0This is turning out to be quite a week already!! and it's only Monday!!
Apr 02nd, 2012 - 07:26 am - Link - Report abuse 0Now it's time to play “what happens next...” Will all the other multi-national see what's going on and up sticks? Or will the economy implode? answers on a postcard please
Little wonder that even Spain has lost patience with Argentina's constant shrill whining.
Apr 02nd, 2012 - 07:43 am - Link - Report abuse 0Excellent my Queen, this is such a good decision and one I never seriously doubted she would come to in her wisdom and radicalism. Of course the special interests will go into overdrive against this - look what happened in Iran in 1953 - but I and millions of others will keep up our unbending support for this strong and principled leader. Ti amo mi reina, besos
Apr 02nd, 2012 - 01:44 pm - Link - Report abuse 0This might be good. It' s always good for a country to control this area though nationalizating affects teh good environmet of business.
Apr 02nd, 2012 - 02:34 pm - Link - Report abuse 0@14, Brit Bob is correct. State-run companies are usually a joke. Chavez has built shoe and textile factories in Venezuela that are “employing” people, i.e., there are people standing around in completely inefficiently run factories. Do they have an income for the time being? Yes. Can it be sustained in the long run? Absolutely not.
Apr 02nd, 2012 - 02:59 pm - Link - Report abuse 0@23 It's always good for a country to control this area? Huh? The Chilean government controls a lot of raw copper production through Codelco, and that works well for them, but they also allow raw copper production through foreign-run companies. There's a big difference between Chile and Argentina though. Chile has gotten rid of a lot of corruption, not all of it, but a lot of it. Argentina has a long way to go in that department.
Excellent my Queen
Apr 02nd, 2012 - 05:02 pm - Link - Report abuse 0She looks as if she has just spent 20 min, with Dracula .
.
Personally I vote for them to intervene and nationalise YPF. We know very well what Spain did with aerolineas Argentina. If Argentina did it to the airline siting national security reasons, why not the energy witch is far more essential for development and to fuel a growing economy.
Apr 02nd, 2012 - 10:28 pm - Link - Report abuse 0And just what did you all expect from Argentina, a repeat performance of course.......for your viewing pleasure:
Apr 05th, 2012 - 09:52 pm - Link - Report abuse 0www.youtube.com/watch?v=UyPC0SD0PGw
www.youtube.com/watch?v=zTBAjfgHLyk&feature=relmfu
www.youtube.com/watch?v=azwWSN2pukk
www.youtube.com/watch?v=iSvQw00SV-c
www.ripoffreport.com/government-worker/argentina-tourists-m/argentina-tourists-murdered-l-33f51.htm
www.ripoffreport.com/federal-government/cristina-kirchner/cristina-kirchner-cristina-kir-dc9b0.htm
Gracias Cristina y Nestor!!
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