MercoPress. South Atlantic News Agency
Falling world oil prices shatter Argentine stocks for second day running
Argentine stocks closed down 6.85% Wednesday, weighted down by falling oil prices for a second day of heavy losses. As oil prices sank to new five-year lows, the Merval stock index in Buenos Aires shed more than 600 points to 8,279.04, after losing 7.22% Tuesday. Read full article
Comments
Disclaimer & comment rulesWorld economy is in real trouble. Stock markets tumbling everywhere.
Dec 11th, 2014 - 01:04 pm - Link - Report abuse 0Not being helped by German dominated Eurozone.
Time to buy gold perhaps.
Will it reach $50 a barrel,
Dec 11th, 2014 - 01:42 pm - Link - Report abuse 0The bad news in Buenos Aires ,
but good news for the motorist...
In other words, excellent news for Argentina. OPEC firesales oil, Russia MUST firesale oil, and Brazil and USA have tons of oil comming online at the WORST possible time and they will have to firesale it too.
Dec 11th, 2014 - 02:52 pm - Link - Report abuse 0Argentina gets super cheap gas, CFK can balance her trade, and Argentina keeps VACA MUERTA, the other shales, and the likely off-shore oil for when everyone else runs out of oil and we can charge $2000 a barrel.
Argentina is on the decline, but it will have one last hurrah! yet.
@3
Dec 11th, 2014 - 03:21 pm - Link - Report abuse 0Ze glorious fatherland vill smash all that dare stand before it!!!!
Please tell me you live in a bunker and have a toothbrush moustache?
not only does he life in a bunker, his father rapes him and mom uses his tongue as toilet paper.
Dec 11th, 2014 - 04:04 pm - Link - Report abuse 0no one now believes he lives in Argentina or even paupers like him would realize the rapid decay that is excelerating. Hell BA city and the province is going through regular power outages. My family was told to expect these and more frequently because they cannot import the needed parts to properly upgrade or/or repair them.
PARADISE!!!!!!!!!
@3
Dec 11th, 2014 - 05:14 pm - Link - Report abuse 0Careful what you say here, Giorgio. The trolls are about and will get you. Nonetheless, your central point is well-taken. Falling oil prices are good for Argentina. This news article seems to be suggesting that there is some direct relationship between falling oil prices and a falling Merval. I think the Merval is falling in spite of falling oil prices, not because of it.
OK trolls, now it's your turn. Tell me all about how my personal habits have eroded my intelligence. Don't be shy. I know you are up to it.
Its bad for Argentina because at the same time SOY is becoming unprofitable and its too expensive to mfg cars ( or anything else for that matter) so you still don't have teh U$ you need to support the fuel you need for your economy.
Dec 11th, 2014 - 05:17 pm - Link - Report abuse 0As I told Toby before it really doesn't matter how low oil goes if you don't have the U$ to pay for it.
Yes yb not be mention that the lower prices pushes risk for drillers to the backburner. This means dwindling investment in the dead cow (Vaca Muerta not KFC). They will still need to import.....and as stated by yb.....no U$. Hell they can't even import parts to keep electricity on in Recoleta....all of BA for that matter.
Dec 11th, 2014 - 05:42 pm - Link - Report abuse 0I wonder if they cleaned up Casa Rosada with the Columbus statue asslips kirchner had cut into pieces and was left in yard there? The pink house looked like a junkyard in June.
The main problem they have with electricity is they are buying lines that aren't meant for their climate so if it gets over 80F they melt. Plus they've been using spit and baling wire to keep the substations functioning for a very very long time.
Dec 11th, 2014 - 05:49 pm - Link - Report abuse 0Everything is on the verge of collapse.
The anticipation is maddening.
:)
Energy/commodity glut: Called it.
Dec 11th, 2014 - 08:00 pm - Link - Report abuse 0TWIMC
Dec 11th, 2014 - 08:36 pm - Link - Report abuse 0For you kind info...
The ”Market just now (17:29 hrs, Chubut Mountain Time)
On the Argie corner...:
Oil....................: 59.84 U$S
http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
Merval............: + 4.69%
http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
YPF...................: + 1.46%
http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
On the Engrish Pirate corner...:
Argos Resources..........: Down 6.25%
Borders & Southern....: Down 6.79%
Falklands Oil & Gas.....: Down 8.14%
Premier Oil....................: Down 2.43%
Rockdropper.................: Down 6.11%
I rest my case......
OH Sistah, when will you ever learn?
Dec 11th, 2014 - 08:42 pm - Link - Report abuse 0YPF
1 Yr % Change (TTM)-7.76
and the stupid Rgs paid U$6B for a 1/2 of a company worth U$10B and
going down,
I bet Repsol is to happy not to have to deal with those idiots ever again
A little correction to the false numbers from the Yankee Turnip at (12)...:
Dec 11th, 2014 - 09:21 pm - Link - Report abuse 0......... and the wise Rgs paid U$5B (See 1) for a 1/2 of a company worth U$13.5B (See 2) and going up...
I bet REPSOL is very unhappy having lost the second largest Shale Oil & Gas Deposit on Earth...
(1)...: http://www.elmundo.es/economia/2014/05/08/536b8dfe268e3e4e438b457a.html
(2)...:
http://www.elmundo.es/economia/2014/05/08/536b8dfe268e3e4e438b457a.html
Yankeeboy and Captain Poppy are anything but impartial observers of the Argentine economy which is why I never take them seriously.
Dec 11th, 2014 - 09:37 pm - Link - Report abuse 0Me neither, pebete, me neither....
Dec 11th, 2014 - 09:40 pm - Link - Report abuse 0Sistah, CFK gave bonds worth U$6B and the YPF right now is worth U$ 10.5 and going down week by week.
Dec 11th, 2014 - 10:10 pm - Link - Report abuse 01 Yr % Change (TTM)-8.31
http://data.cnbc.com/quotes/YPF
You'll be long dead before you see anything substantial coming out of VM. It was unprofitable when oil was $110/bbl!!
Long dead.
:)
TWIMC
Dec 11th, 2014 - 10:35 pm - Link - Report abuse 0It will be interesting to follow the cotization of the Engrish Pirate South Atlantc Oil Adventure shares the next seven days on this thread...
The template is ready...:
Argos Resources..........: Down X.xx%
Borders & Southern....: Down X.xx%
Falklands Oil & Gas.....: Down X.xx%
Premier Oil....................: Down X.xx %
Rockdropper.................: Down X.xx%
Chuckle chuckle......
Thing is Sistah, Argentina needs the oil exploration much more than the Falklands.
Dec 11th, 2014 - 10:54 pm - Link - Report abuse 0Everyone knows that.
So I'm not sure who you think you are kidding.
17 Think
Dec 11th, 2014 - 11:51 pm - Link - Report abuse 0LOL. Nice to see you're still on here with your fake optimism and bravado. How many more nails in our coffin do all those share price drops add up to? (btw Think, I won't tell anyone but I think you were supposed to look those figures up; not just copy and paste the template straight from the La Campora guidance doc). LOL.
Please pass on my Seasons Greetings to the Commander and all of your other fake personas from years gone by.
And another thing Think: get off that fucking computer and go and spend some time with your grand kids. We'll still be here when you get back.
I'll see you all again in January.
And the oil in the Falklands is still BRITISH!
Dec 12th, 2014 - 12:04 am - Link - Report abuse 0It may be unprofitable to exploit but it still ISN'T and WON'T be exploited by Argentina.
Quote stock prices till the day you die Think but you will NEVER be quoting Argnetinean companies working there. Just Engrish. And that annoys you every day of your existence.
Think. Even you Titi Boi tobi, you make such a stink think on the share price........so tell us how that affects the balance sheet? Market capitalization has nothing to do with equity.
Dec 12th, 2014 - 12:38 am - Link - Report abuse 0So after 3 days.........the electricity just returned in Recoleta. Is this how well your economy works tutti. Or Georgie or whoever you want to be called today. Why the power outages?
@21
Dec 12th, 2014 - 04:33 am - Link - Report abuse 0Any tombs get looted? ;)
I rather have whatever we have right now than to capitulate and adopt EUian/NorthAmoan economic recipes. Because I think they don't work, and even if by some miracle they did I could not go on living hearing the constant reminder from EUians and NorthAmoans of how they surely “saved” us. I'd rather see Argentina starving than have to even hear an adumbration of required gratitude.
Dec 12th, 2014 - 05:00 am - Link - Report abuse 0@23
Dec 12th, 2014 - 05:39 am - Link - Report abuse 0Yeah, and you also said you want to see ebola spread, and believe decapitation is an acceptable form of political discourse. Somehow I doubt you will get far. ;)
So Russia suffering, Argentina suffering, Alex Salmonds Scottish oil revenue manifesto well and truly sunk. I am paying £1.20 a litre for diesel instead of £1.40.
Dec 12th, 2014 - 08:14 am - Link - Report abuse 0Keep filling those barrels Saudi, long live the glut.
@23 Fortunately you will never be in any position of power to make decisions for Argentina.
Dec 12th, 2014 - 09:53 am - Link - Report abuse 0The world won't let Argentines starve but feel free to stop eating as your own personal protest.
@3. If you really believe any of that garbage, you are truly brain-dead!
Dec 12th, 2014 - 12:37 pm - Link - Report abuse 0@6. Have you got ANYTHING worth selling?
@23. Fantastic! How's the inflation going? What about the collapsing 'industry'? So glad you want to starve. Or is it just other people you want to see starve?
@26. 'The world won't let Argentines starve'. It won't? Why not? We have a territory full of crazed, corrupt, genocidal criminals with a lengthy history of lack of civilisation. I think you've mentioned before that you have friends in argieland. That hardly makes you objective. Let's view the Falkland Islands as an Ark. Carefully selected argentines might be allowed aboard if there is famine and starvation. However, numbers and types would need to be properly restricted. Wouldn't want them successfully breeding. Remember that it would be a situation they have brought on themselves. You need to look forward and imagine the results of your generosity. Imagine 500 breeding pairs. In one year, you have another 500 of them. In another year, there's another 500. Assuming no twins. So, in 2 years, those you have saved have increased by 1,000 to total 2,000. How long before they outnumber Falkland Islanders? It could be as little as 4 years! Be warned. Here in Britain, it now seems that the most popular name for male babies is Mohammed. What does that tell you? There are different ways to invade. Britain fought and died for you. It still protects you. Don't give away what our boys fought for. If the day ever comes when elected representatives on the Falklands have spanish names, you will have stepped on to the slippery slope. It might come about with immigrants allowed in through compassion asking for representatives from their own kind. And THAT should tell you that an invasion is underway. Remember that they made no 'diplomatic' protests between 1849 and 1941. So they are capable of letting things lie for many years. You must take the same long-term view.
@Think, with or without oil the Falklands will always be British, I couldn't care less if the oil fails, were not depending on it.
Dec 12th, 2014 - 01:29 pm - Link - Report abuse 0If oil gets too low, someone will start a war and the speculators will drive it back up again. Won't be long
Dec 12th, 2014 - 01:41 pm - Link - Report abuse 023. You think the economic “recipes” of EU UK USA don't work?
Dec 12th, 2014 - 02:03 pm - Link - Report abuse 0You are a retard.
@30
Dec 12th, 2014 - 02:56 pm - Link - Report abuse 0They don't. They breed a culture of pecuniary arrogance, cultural supremacism, dearth of any empathy for the downtrodden, compounding greed leading to massive criminality by banking and industry, and utter despair when all lost leading to mass shooting and other crime.
NO thank you, we'll pass on that crap.
@25
I think you will find England will have much more to suffer when your financial bubble built on top of two other financial bubbles burst. After the latest “economic growth” you still produce NOTHING more than before. You still have no better EDUCATED workforce than before. You still have no NEW resources to exploit then before. You DO have an ageing population and high racial tensions. Plus you will soon cut your leg and right arm by withdrawing from the EU, and as retaliation they will certainly slap 35% tariffs which will send you into a massive depression if you by that point aren't already in one caused by your own stupid policies of real estate/banking speculative GDP growth.
Enjoy your bleak future!
YB you see Argentina sent knocking again to stack their U$ reserves? Wasn't it just a few weeks ago with the first debt swap? I suppose Kirchner does not care as she will be out of office and in hiding when they cannot pay it back.
Dec 12th, 2014 - 04:43 pm - Link - Report abuse 0What's sadly funny is that summer has not started and they are already losing electricity for long periods of time. Just wait until the real heat arrives. BA city is a bitch in January/February.
@3 GiorgyPorgy
Dec 12th, 2014 - 04:44 pm - Link - Report abuse 0“OPEC firesales oil, Russia MUST firesale oil, and Brazil and USA have tons of oil comming online at the WORST possible time and they will have to firesale it too”.
Sorry to disappoint you GP......Brazil does NOT have tons of oil “'comming”' (spelled wrongly) online..... about 3 weeks ago, the president of Petrobras announced that the company ‘might’ become self-sufficient in 2015 (meaning the oil produced, is enough to attend consumption)….this self-sufficiency was announced back in 2006 and was briefly reached, but with the political use of the company by the government, self-sufficiency has been delayed. Since you are informed otherwise, it must be because, although you live in Argieland, you subscribe to the lies of Lula and the Brazilian Worker's Party (PT) regarding the sub-salt (pré-sal) oil....Brazil is still a net importer of oil.....and what they do export, is heavy oil, in exchange for lighter oil which they can refine..... You ARE ignorant.
As promised yesterday at my comment (17)...:
Dec 12th, 2014 - 05:18 pm - Link - Report abuse 0Argos Resources..........: Down 6.67% to 5.25 pennies...
Borders & Southern....: Down 3.19% to 4.85 pennies...
Falklands Oil & Gas.....: Down 7.59% to 18.25 pennies...
Premier Oil....................: Down 7.16% to 156.80 pennies...
Rockdropper.................: Down 2.85% to 59.75 pennies...
Chuckle chuckle...
@34 Like i keep saying no one cares, these are private ventures, if the oil fails it doesn't matter, some people will be out of money but the Falklands will keep going, we are not reliant on oil.
Dec 12th, 2014 - 05:23 pm - Link - Report abuse 0(35) brianF.I
Dec 12th, 2014 - 06:09 pm - Link - Report abuse 0And, as I keep saying..., with oil definitively out of the equation..., we can concentrate on targets number two; Fisheries (Taiwanese) and three; Tourism (Cruise Lines)...
Simultaneously, doing our best to disrupt any Engrish business opportunity in South America thereby increasing the City of London's CPK*
* (Cost Per Kelper :-)
Please keep “ Not Caring”, laddie...
And tell all your friends to forget us Argies...
It makes our objectives so much easier to reach...
@36 Lol, London gives us no money, they only supply defense, and no matter what you do, that cost is NOT increasing, we are a self reliant community. Also, don't forget about the Spanish fleet here fishing for Loligo amd finfish, which supplies large amounts of income for Galicia, good luck getting them to leave the Falklands. Also, why would Taiwan back Argentinas claim when Argentina is in league with China? Use some common sense you moron.
Dec 12th, 2014 - 06:35 pm - Link - Report abuse 0Think what does there balance sheet look like? You know....current ratio, debt to equity, or even their DPO....it's a good indication of cashflow,
Dec 12th, 2014 - 06:52 pm - Link - Report abuse 0Sistah, Just in case you didn't see it
Dec 12th, 2014 - 07:02 pm - Link - Report abuse 0YPF
1 Yr % Change (TTM)-14.61
Market Cap U$9.9B
Hmm how much have THE PEOPLE of Arg lost? U$1.B?
I wonder how much Anses has spend propping up YPF the last few days too
That's real money not pesos.
Vaca who Vaca what...please stop calling here.
(37) brianF.I
Dec 12th, 2014 - 07:20 pm - Link - Report abuse 0Thank you for your good luck wishes on our ongoing work with the Gallego fishermen...
Now boy...
It'sFriday...
So..., stop caring about adult politics and enjoy puking your brains out at the Pub...as normal Kelper youngsters do...
40. You are a ridiculous fool. Nobody cares about what Argentina wants and nobody is going to give up profit because your leaders are screeching nonsense at them.
Dec 12th, 2014 - 07:31 pm - Link - Report abuse 0You must have no idea how inconsequential your backward 3rd world country really is.
YPF down down down...are your gas prices down at the pump? No? Hmm wonder why..
Bahahahahaha
You guys always get worst of everything
@41
Dec 13th, 2014 - 02:29 am - Link - Report abuse 0Inconsecuential and yet here you are day in and day out.
hahaha, what a moron.
Sistah, In case you missed it YPF is down over 20% in the last week.
Dec 13th, 2014 - 02:11 pm - Link - Report abuse 0Great investment for THE PEOPLE
Stupid Marxists never get anything right.
There's a very very very good chance YPF will go bankrupt if these prices are maintained over the next 2 yrs.
Repsol must be so happy!
2.58 a gallon on yesterday's fillup at Shell. I was paying around 3.70 a gallon in August/September.
Dec 13th, 2014 - 02:58 pm - Link - Report abuse 0Amazing to think that prior to the bill to steal YPF in April of 2012.......they were trading well north of 40 a share. A D/E ratio of almost 70% in an industry that averages 30% as a standard.....Think you are still measuring stock value? As I asked before........Think, what does their balance sheet look like?
Think is the electricity situation improving in your national's capital? Did your president ever get an emergency generator for la casa rosada? BTW, when is the 3rd debt currency swap coming?
There was an article today in Clarin I think that said gas is still going up in Argentina.
Dec 13th, 2014 - 03:54 pm - Link - Report abuse 0They get the sh*t end of everything no matter what happens.
I think they call it heterodoxy.
Silly creatures.
Ahhhhhhhh......
Dec 13th, 2014 - 04:37 pm - Link - Report abuse 0.....Them hysterical Anglo Turnips overreacting as usual about everything....
Let's see...
What did “Think” say about oil prices some 18 months ago?...:
http://en.mercopress.com/2013/05/03/falkland-islands-as-oil-producing-country-boon-or-blight#comment244220
”(15 Think) May 03rd, 2013 - 03:10 pm
Article says….:
”According to scenario 1, if crude oil were to be worth $100 a barrel in 2018, the Falklands GDP, which is at present around £140 million would have leaped to just over £1 billion and would not return to current levels till around 2045.
I say….:
Regeneris and Mr Nichol’s *U$S 100* a barrel ”Scenario 1” is set to start working in the Lords Year of 2018... until 2045...
That's 5 (five) years from now… and almost 30 years in the future.
I wonder if Regeneris and Mr Nichol’s ”Scenario 1” included a bit of history about oil prices for the Engrish Kelpers……
Any Engrish / Kelper in here knows what the median world oil price has been in the last 40 years (1970 – 2011) ???
U$S 100.00 per barrel ???.................... Nope.
U$S 80.00 per barrel ???...................... No, try again.
U$S 32.50 per barrel?...
Juppp, that's right…: U$S 32.50 per barrel!!!
www.wtrg.com/oil_graphs/oilprice1970.gif...:
”Prices in the mid $30s seem exceptionally low by today's standards. However, when the current President of the United States ( Mr. Barak Obama) took office the price was $35.00 per barrel. By the end of 2009 prices had doubled bringing the average for 2009 to $56.35 or $57.00 in 2010$.”
www.wtrg.com/prices.htm
And what does all the above mean, will the Turnips ask...
Elementary... my dear Watson...
It means that serious Oil companies plan long term with an average oil price of ~U$S 35.-...
Unserious, cheating Engrish Oil Pirates in the South Atlantic..., on the other hand..., plan long term with an average Oil Price of U$S 80, U$S 100 or even higher...
And only in Argentina the gas prices go up when oil goes down.
Dec 13th, 2014 - 04:51 pm - Link - Report abuse 0Heterodoxy policies at its best.
Sistah, Is the Rg way of making a profit the same as the Chinese?
Buy something thats worth U$9B but pay U$ 12B?
Is that how things work in an upside down place?
Bizzare
Did you see the article on TN today that was talking about how NML stopped the ability of Argentina to pay for the sewers in Belgrano? That's a pretty nice ared to be under water everytime it rains an inch or two
I think one good rainstorm will collapse the healthcare system.
One good rain storm.
It'll happen
I take it Think has not looked and the strength of their balance sheets..........only a peek at market caps.
Dec 13th, 2014 - 05:55 pm - Link - Report abuse 0My guess is YPF will declare bankruptcy and the state will end up taking it over like Aerolinas. They way it will be delisted and they won't have to worry about the SEC. They can steal as much as they want.
Dec 13th, 2014 - 08:09 pm - Link - Report abuse 0http://www.msn.com/en-us/money/topstocks/opec-shale-spat-wont-cut-us-output-as-profit-seen-at-dollar25-oil/ar-BBgkd4G
Dec 14th, 2014 - 02:23 pm - Link - Report abuse 0Think have you ran their balance sheet ratios yet?
these low capitalizations makes for a great time to carefully invest in the oil industry. Do your due diligence Think......you can become a millionaire here.
OPEC can do nothing in the long term to undermine drilling in the USA. Eventually CA will have to allow exploration along the coast and fracking their choice areas. Their budget will compel it.
Dec 14th, 2014 - 02:32 pm - Link - Report abuse 0In 2 years Odumbo will be gone and the next Prez should re-open Federal lands, gulf, Coastlines and allow Alaska to drill wherever they want.
As I've been saying FOR YEARS on this board USA O/G business will change the world dynamics.
And it has
And it will continue
This is just the beginning of a couple decades like we've never seen!
(50) Captain Poppy...
Dec 14th, 2014 - 04:03 pm - Link - Report abuse 0Wooooooooooooooooooooow...
That must be your first ever post directed at me without any explicit language in it...
It merits a response...
As I was saying some 18 months ago...:
http://en.mercopress.com/2013/05/03/falkland-islands-as-oil-producing-country-boon-or-blight#comment244710
“...we are, as you Yanks so elegantly put it, in the midst of a Freaking Fracking Oil Revolution…”
And, in my humble opinion, nothing can or will stop it...
Not the one in the USA...
Nor the one in Argentina...
And... After the Shale Oil & Gas Revolution, comes the Coal Liquefaction Revolution, immediately followed by the Coal to SNG Revolution...
As our dahling wannabe Kelperette “Isolde” rightly said on these pages...: “The World is swimming in Hydrocarbons”..., as the yearly average Oil Price rightly shows...:
www.ioga.com/Special/crudeoil_Hist.htm
1984: $27.50
1985: $26.50
1986: $14.64
1987: $17.50
1988: $14.87
1989: $18.33
1990: $23.19
1991: $20.19
1992: $19.25
1993: $16.74
1994: $15.66
1995: $16.75
1996: $20.46
1997: $18.97
1998: $11.91
1999: $16.55
2000: $27.40
2001: $23.00
2002: $22.81
2003: $27.69
2004: $37.41
2005: $50.04
2006: $58.30
2007: $64.20
2008: $91.48
2009: $53.56
2010: $71.21
2011: $87.04
2012: $84.46
2013: $89.84
Taking into account the above...; the Engrish Pirate Oil Adventure in the South Atlantic, based on a minimum price of $85 a barrel, has a very good chance of being a “No Starter”...
That will be the moment when Argentina will tighten its grip on the tourist and fishing industries that provide nearly 70% of Malvinas GNP…
Argentina 's opportunity has come......and left. I believe you work at being the way you are. Do you think Argentina will fix the electricity situation before or after they drill these virtual fracking wells?
Dec 14th, 2014 - 04:36 pm - Link - Report abuse 0BTW. How did rolling over the Boden bonds go?
I've a game to watch.
Any ever tell you that you sound like voice
Any ever tell you that, at times, sound like Fred Bates?
Dec 14th, 2014 - 05:00 pm - Link - Report abuse 052. Damn those 90s where awsome... Do you know the things I could have bought with just 2 peso/dolars??
Dec 14th, 2014 - 05:04 pm - Link - Report abuse 0Incredible how Every indicator of Menem's years is better than the Kakero years
Yes. One......you. yb see the same in many areas.........and are way apart on just as many. But......as Americans..........that is how it is. We are not cutting heads off over our differences. BTW.........I suggest the Pats/Dolphins game at 1 EST.........bet on the Pats.
Dec 14th, 2014 - 05:27 pm - Link - Report abuse 0PS
I have posted where I reside and travel and my former career. The man you refer to as Fred Bates is more private.......I even shared my email address.........I've nothing to hide.....nor fear.
(56)
Dec 14th, 2014 - 06:18 pm - Link - Report abuse 0Yes. Some...you and a couple of others.... Voice and I see the same in many areas......... and are way apart on just as many. But...... as humans.......... that is how it is. We are not cutting heads off over our differences. BTW......... I suggest the River/Quilmes game at 20:30 ChMT......... bet on River.
PS
I have posted where I reside and travel...The man I refer to as Fred Bates is a complete Turnip...
@57
Dec 14th, 2014 - 06:51 pm - Link - Report abuse 0Drink, (or as Sarmiento himself would call you, Borracho,) Have you located an Afro-Argentine to stab to celebrate that “Very Martin Fierro Christmas” you and Chopper dream of, yet? There's only eleven more chopping days until Christmas!
Cfk swears she has nothing to hide. But those darn old judges think otherwise.
Dec 14th, 2014 - 08:08 pm - Link - Report abuse 0I bet one of them goes missing soon.
In any other country she and the VP would be in jail by now.
Silly RGs.
Did you see $100 peso bills are 64% of circulation!!
Yet austral Elvis can't figure out why there's inflation.
They're so stupid there.
Almost forgot...
Dec 15th, 2014 - 10:00 pm - Link - Report abuse 0South Atlantic Engrish Pirate Oil Adventure share prices...:
Noble Energy................: Down 1.96% to 43.00 U$S...
Premier Oil....................: Down 3.19% to 151.80 pennies...
Rockdropper.................: Down 3.77% to 57.50 pennies...
Still better than YPF and that was bought FOR THE PEOPLE.
Dec 15th, 2014 - 10:45 pm - Link - Report abuse 0Are Rgs just really dumb at buying stuff like the Chinese?
I guess they buy them so Politicians can steal more.
Psst YPF is down 22% YOY
Yeah and its not over yet
and that's public money not private
I wonder how much Anses has pissed away trying to prop it up
probably a lot
It looks like a few more days like today and the Merval will enter into negative territory too.
:)
Cue a lot of Malvinas bullshit coming out of Argentina's government, to distract the sheeple from how their corrupt government is f*ucking over their country.
Dec 15th, 2014 - 11:01 pm - Link - Report abuse 0Sistah:
Dec 16th, 2014 - 01:01 am - Link - Report abuse 0Buenos Aires stock market plunged 8.3% by Petrobras and YPF crash
http://www.ambito.com/noticia.asp?id=771335
tee hee
Ooooooooooooooops......
Dec 16th, 2014 - 09:48 pm - Link - Report abuse 0Bad news for our friendly Engrish Oil Pirates in the South Atlantic..., good news for Argentina...:
”Premier Oil sank to a new low today, of 146.9p for a 12-month loss of 49%. And that’s a company expected to see an earnings per share (EPS) gain of 40% this year, to put the shares on a P/E of only 4. EPS is predicted to fall back again next year, but it would only raise the P/E to 6.
In its November update Premier told us it will go ahead with new projects “if they are robust at our long term oil price which is currently $85/bbl“, so $60 a barrel is going to give those plans a kick in the teeth.”
http://www.fool.co.uk/investing/2014/12/16/sub-60-oil-is-killing-tullow-oil-plc-premier-oil-plc-and-soco-international-plc/
Chuckle chuckle....
YPF needs $70 for Vaca Muerte
Dec 16th, 2014 - 09:56 pm - Link - Report abuse 0So yeah..
and they're cash flow isn't too hot
1 Yr % Change (TTM)-26.66
Earnings per Share2.84
Hmm
Do Rgs only buy companies that lose $?
Time to buy oil shares in the FALKLANDS Think as they will be drilling shortly ( march I think ) you couldn't buy at a better price. No good investing in PUTA MUERTE as no-one is investing there U$s 200 billion in 10 years to make it work your having a laugh.
Dec 17th, 2014 - 08:40 pm - Link - Report abuse 0Commenting for this story is now closed.
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