MercoPress. South Atlantic News Agency
Argentine Vice President, in Washington, invited US oil companies to invest in YPF
Argentine Vice President Amado Boudou on Tuesday urged US companies to invest in YPF, the nationalized oil company that Argentina recently expropriated from Spain's Repsol. Read full article
Comments
Disclaimer & comment rulesI read that Boudou is having to sneak in and out of the back door as he is being heckled at every venue by protesters waving a giant inflatable rat.
May 09th, 2012 - 08:28 am - Link - Report abuse 0Boudou: “After we didn't pay our american loans, a huge lobby group exists in USA against us, ICSID has a huge number of rulings and complaints against us, and we just facelessly stole a company from Spanish pensioners, we want you to invest in us [so we can steal from you too]!! Hooray!!”
May 09th, 2012 - 08:42 am - Link - Report abuse 0Crowd: *silence*
Voice: “you're a c@ck”
Crowd: *clapping*
“The president then referred to the trip of Vice President Amado Boudou to Washington where he was booed and covered in flyers demanding Argentina be expelled “as a rat” from the G20”.
May 09th, 2012 - 09:03 am - Link - Report abuse 0Superb!
It will be interesting to see whether avarice trumps risk in their decision making.
May 09th, 2012 - 09:19 am - Link - Report abuse 0The risk has clearly risen which will be factored into the price. I can't see how they will be tempted because there's no such thing as a cast iron guarantee when it comes to dealing with Argentina. If the cost/return looks too good to be true then it probably is.
If the Repsol business model wasn't good enough for Argentina then what company will accept one with even worse returns?
It's quite amusing to see the Argentine government going cap in hand. I like this bit:
May 09th, 2012 - 09:37 am - Link - Report abuse 0“Far from scaring off foreign investment because of the expropriation, the government of President Cristina Fernandez has set the framework for “excellent opportunities for those who want to invest in joint ventures and possibilities of joint work in the energy sector,” he said.”
In other words, we stole this company and we now realise that we don't have the capital to keep it running, let alone develop it further. Give us lots of money and we'll steal that too.
The Argentine government must honesty think that the rest of the world are completely gullible, like vast sectors of their own population.
Please come and drill our oil for us - and then sell it to us for half the market value.
May 09th, 2012 - 09:45 am - Link - Report abuse 0I pwomise we'll make it worth your while and I'll scweam and scweam and scweam until I'm sthick if you don't!
(One for our Argentine friends to scratch their head over)
In a simple back of fag-packet PESTLE Analysis....
May 09th, 2012 - 10:28 am - Link - Report abuse 0The political risk of having your investments stolen and the legal risk of being sued by REPSOL, and tarnished in the courts is not really worth the prospect of pulling shale oil out of the ground when it costs £60 a barrel to get it, and you have to sell it to the Arg government for £43.
It's basically a very very sh!t idea.
....especially as they'd probably want to pay in packets of fags rather than cash anyway.
May 09th, 2012 - 10:31 am - Link - Report abuse 0Yankeeboy, looking forward to your comments...
May 09th, 2012 - 10:52 am - Link - Report abuse 0@9 He'll just say the end of the world commeth for them Argtards.
May 09th, 2012 - 10:57 am - Link - Report abuse 0And while Argentina begs for help from foreign investors, cap'n'hand, FOGL are steaming ahead with there projects.
May 09th, 2012 - 11:17 am - Link - Report abuse 0Options:
1. Invest with a company stealing, debt ridden, corrupt country?
2. Invest in FOGL, and see your profits rise.
I think the answer if simple enough, even an RG child of 5 could spot the winner here. There's a thought, Argies, get a child of 5 to answer that please, before you corrupt them into La Campoa malvinist shite.
I wonder if the American Mafia or the Cosa Nostra (Sicilian Mafia) will be interested. They ought to feel right at home. When their “enforcement” methods clash with those of the government (?), who would win?
May 09th, 2012 - 11:19 am - Link - Report abuse 0# 7
May 09th, 2012 - 11:50 am - Link - Report abuse 0Dear Mr. GreekYoghurt
Your comments about Vice-President Boudou are insulting and I demand that you formally apologize to our group. You compare us to the worst of the world, without morals or honesty. You also imply we can't be trusted. That's your opinion, but to compare Vice-President Boudou and the political Argentine government he's a part of to rats is an unforgivable slur against our race.
Shame on you! We demand an immediate apology.
The Society of Worldwide Rats
(Seeking dignity for our race.)
Any Seaside Wharf 1, The World
7 GreekYoghurt
May 09th, 2012 - 11:56 am - Link - Report abuse 0How dare you!!! You have the affront to call the Argentine goverment a Bunch of corrupt, self-serving,theiving, lying, Cheats who will drag the country into ruin, just to line their own pockets.....
Oh, hang on......... wait a minute..........
I think that the Americans call this 'CHUTZPAH'.
May 09th, 2012 - 12:50 pm - Link - Report abuse 0I call it 'bloody hilarious'.
:Voodoo: “We are very optimistic in terms of what is coming for the Argentine economy in general and the hydrocarbons sector specifically” Boudou said at a Conference on the Americas at the US State Department in Washington.:
May 09th, 2012 - 01:21 pm - Link - Report abuse 0First the malvinas/falklands conflict, second the ypf coup, third -? - to veil their financial desaster in arg. Boudou just has been exposed by La Nacion and Clarin - the special friends of the ck-gang - in washington by being settled with a RAT: Rats must be kicked out of G-20:
The Vice President was greeted by a protest by vulture funds and bondholders in the entry to the Inter-American Development Bank
(IADB).
****
“I am the rat of the G-20,” said the sign that, with an Argentine flag, was attached to an enormous inflatable rat placed in front of the entrance to the headquarters of the Inter-American Development Bank yesterday in Washington. When investors and diplomats invited to the welcoming reception of the Conference of the Council of the Americas began to arrive, they couldn’t believe what they were seeing.****
Having just arrived from Buenos Aires, Vice President Amado Boudou – who today will be one of the invited speakers to the Conference – avoided the protest of the bondholders affected by the Argentine default by entering through a back door.****
This way he also avoided the giving out of a little plastic rat which said “Kick the rat out of the G-20”, an allusion to Argentina’s membership in the Group of 20, which includes developed and developing countries alike.***
*
Also circulating was an “explanatory” pamphlet that spoke of the
expropriation of YPF, the non-payment of ICSID decisions in favor of
companies that sued the Argentine government; of Judge Griesa; of the expulsion of Argentina from the Generalized System of Preferences, and the complaint presented by 40 countries over import barriers in Argentina.****
I can't believe a single oil company would invest in Argentina. Argentina having stolen from its best friend Spain, how could it ever be trusted with anyone elses money and investments. Argentina has thrown trust and friendship out of the window. Argentines get yourself a technocratic government not a bunch of demogogue rulers with zero common sense.
May 09th, 2012 - 01:42 pm - Link - Report abuse 0#9 And why would a “supporter of Nestor” be looking forward to yankeeboy's hard-right comments, Welsh?...
May 09th, 2012 - 01:59 pm - Link - Report abuse 0Nestor is dead Mr BK.
May 09th, 2012 - 02:01 pm - Link - Report abuse 0Hadn't you noticed your queen dresses like the Wicked Witch of the West every day?
@19 Don't be nasty. BK is actually ”Backdoor (or Butt) Kweer. He can always be recognised because both his nose and his tongue is a particular shade of brown. Use your imagination if necessary. Looking back over his turdic comments, he has to be given credit for his gymnastic ability to turn almost anything into fawning, sycophantic praise for his Queer. Black = white. Lies = truth. Cowardice = courage. Gangsterism = government. Surrender = heroism. Belligerence = diplomacy. Defeat = victory. Massive inflation = growth. Figure the rest for yourselves. But one thing remains indisputable. A turd is always a turd. And so we return to the Butt Kweer.
May 09th, 2012 - 02:50 pm - Link - Report abuse 0@19 with the ruby slippers?
May 09th, 2012 - 02:53 pm - Link - Report abuse 0#6 idlehands
May 09th, 2012 - 03:17 pm - Link - Report abuse 0Vous etes Violet Elizabeth Bott n'est pas?
@21 GY. Of course with ruby slippers, paid for out of the pension funds of ordinary Argentinians.
May 09th, 2012 - 03:28 pm - Link - Report abuse 0Only the terminally indoctrinated or stupid couldn't see the Argentine's Vice Presidents trip for what it is. Desperately Seeking Money.
A lot of investors world-wide have been bitten by this viperous government and that old saying is applicable here, 'once bitten, twice shy.'
No one in their right mind would invest in Argentina whilst this bunch of crooks run the place.
18
May 09th, 2012 - 03:31 pm - Link - Report abuse 0Because at least half of what he has said is starting to come true. Also, I am looking forward to the element of disbelief that will follow.
Nestor is dead, he was the brains of this operation. Without him she is becoming more and more volatile and increasingly nationalistic. I can't support this woman when I see the mistakes she is making. One of the provinces where the family live can no longer issue debt and there are murmurings about public sector workers not getting paid (or just getting fobbed off with some worthless currency replacement)...they all work in the public sector.
22 Redrabs
May 09th, 2012 - 03:54 pm - Link - Report abuse 0Correctamundo
You could not make this up. Do they honestly think a single American company is going to take the risk of investing in YPF. Total lack of disrespect towards the intelligence of the average American businessman.
May 09th, 2012 - 04:40 pm - Link - Report abuse 0Question is, does he get any takers.
May 09th, 2012 - 07:03 pm - Link - Report abuse 0@27 Probably as many takers here as commodities folks willing to trade them LNG at some ridiculously low price and 180 days payment period. Surely even the Argtards know that no one wants to give them credit because they'll never pay it.
May 09th, 2012 - 07:09 pm - Link - Report abuse 0Oil companies with the ability might be interested in a massive shale find, but even Repsol wasn't massively interested in developing it because it costs so much to get the oil out of the ground in this state, then treat it, and then clean the water... and boy does it take a lot of water. Then you can only sell it at some ridiculously low price.
They basically want private investors in USA, who they've just shafted in Spain to stump up the U$25 Billion over the next decade to develop the field, only to have it then deliver tiny profits because they have caps on the sale price to subsidise internal consumption.
Furking nonsense.
“Furking nonsense”
May 10th, 2012 - 10:29 am - Link - Report abuse 0....but common sense on Planet Argentina.
Warren Buffet will shortly be looking for an opportunity. :o)
May 10th, 2012 - 01:07 pm - Link - Report abuse 0Since Argentina doesn't abide by ICSID it will be very hard, almost impossible, for a public company to further invest in Argentina.
May 10th, 2012 - 01:42 pm - Link - Report abuse 0There are no legal guarantee for them to get their investment back.
Arg will have to look to private or state run oil companies that don't have to answer to shareholders.
I can't really think of 1 that has that much money to throw away on a Fascist Dictator's daily mood swings.
can't really think of 1 that has that much money to throw away on a Fascist Dictator's daily mood swings
May 10th, 2012 - 06:49 pm - Link - Report abuse 0AHAHAHAHAHAH,how stupid are the unemployed brits hooligan here....
@31 & 32 Not yet a fascist dictator, but she (and her family) are crypto-fascist kleptocrats.
May 10th, 2012 - 07:24 pm - Link - Report abuse 0If anyone disagrees with the “crypto-fascist” - the son of the president runs a nationalist, socialist political mass movement that holds major flag-waving rallies and shoehorns it's senior members into high office. Yep, that's crypto-fascist alright (“crypto-” because of the soon to be abandoned figleaf of democracy).
Kleptocracy because the Kirchners have increased their personal wealth immensely since Nestor came to power - officially it's over 500%, but really only they know.
All the La Campora members will look back in old age and weep for how stupid they were and how they couldn't see where it was all heading.
Anyone want to take a bet on an armed para-military organisation based on La Campora being founded some time in the next 12-18 months? Probably to guard against “foreign agitators” and “capitalist reactionaries in the military”.
In the words of Dame Shirley Bassey “It's all just a little bit of history repeating”.
The US directly attacked Argentina's actions of nationalising YPF. No company would invest after what happened to Repsol.
May 10th, 2012 - 07:44 pm - Link - Report abuse 0he US directly attacked Argentina's actions of nationalising YPF. No company would invest after what happened to Repsol.
May 10th, 2012 - 10:58 pm - Link - Report abuse 0AHAHHAHAHAHA
Total already is investing..In the oil business nationalization has happened many times.They still invest....ignorant!
“It's all just a little bit of history repeating”.
May 11th, 2012 - 10:58 am - Link - Report abuse 0History doesn't repeat, it rhymes.
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