Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  BOLSA DE COMERCIO DE BUENOS AIRES  >  YPF SA    YPFD   ARP9897X1319


News SummaryMost relevantAll newsSector news 

Argentina's Santa Cruz Province Revokes 3 YPF Concessions

share with twitter share with LinkedIn share with facebook
share via e-mail
04/12/2012 | 03:07pm CEST

Argentina's Santa Cruz Province has revoked three concessions held by embattled energy company YPF SA (YPF, YPFD.BA) in a dispute over investment.

Santa Cruz Governor Daniel Peralta signed a decree late Wednesday rescinding the Canadon Vasco, Pico Truncado-El Cordon and Los Perales-Las Mesetas concessions, the provincial government said in a statement.

In its most recent 20-F filing with the U.S. Securities and Exchange Commission, YPF listed Los Perales as home to some of its most important oil and gas fields.

Earlier Wednesday, YPF submitted a plan to the provincial government in which it pledged to invest $4.38 billion in 11 concession areas between 2012 and 2017.

"As governor of the people of Santa Cruz, I'm ashamed that they are trying to take us for fools," Peralta said in reference to YPF's investment plan.

In recent weeks, a number of provinces have revoked more than a dozen concessions held by YPF at the behest of President Cristina Kirchner.

Kirchner accuses private-sector oil and gas companies of not investing enough in their operations to prevent Argentina from becoming a net energy importer.

Local media close to the administration have reported this week that Kirchner might announce a federal takeover of YPF on Thursday after a meeting with provincial governors.

YPF's shares traded in Buenos Aires closed 5% lower at ARS114.50 on Wednesday. Its ADRs also fell 5% to $21.11, giving the company a market capitalization of about $8.3 billion.

-By Ken Parks, Dow Jones Newswires; 54-11-4103-6740, ken.parks@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on YPF SA
07/15 YPF : YPFB & YPF Sign Agreement for Exploration & Exploitation of the Area Chara..
07/14DJPan American Energy to Invest $1.4 Billon in Argentina
07/04 YPF SA : ex-dividend day for annual dividend
06/21DJMaxus Bankruptcy Deal Faces Opposition From OxyChem
06/03 METROGAS : Chile Initiates Process of Natural Gas Delivery to Argentina through ..
05/05DJRepsol Net Profit Plunges More Than 40% --Update
03/10DJYPF : Correction to Argentina Oil and Gas Drillers Story on Wednesday
03/10DJYPF : Argentina's 'Dead Cow' Provides Rare Bright Spot for Oil, Gas Drillers
03/09DJYPF : CEO of Argentina Oil Company YPF to Depart
03/04 YPF SA : What Traders Look in a Chart - Free Research Reports on YPF SA, Aqua Am..
More news
Sector news : Integrated Oil & Gas
08:53p Petrobras sells oilfield asset to Statoil for $2.5 billion
06:15pDJLow Crude Prices Hammer Big Oil Companies
05:57pDJLow Crude Prices Hammer Big Oil Companies
04:25pDJBrazil's Petrobras Accelerates Asset Sales to Cut Debt -- Update
03:42pDJEni Sees Kashagan Producing 370,000 Barrels of Oil a Day by Mid-2017
More sector news : Integrated Oil & Gas
News from SeekingAlpha
06/24 ENERGY RECAP : Rig Count Reverses Course
06/21 Maxus Energy's Chapter 11 deal faces hurdle from OxyChem
06/07 Should Investors Be Worried About YPF's New CEO Election?
06/06 BLOOMBERG : YPF set to name Total?s Darre as new CEO
Financials ( ARS)
Sales 2016 229 742 M
EBIT 2016 30 818 M
Net income 2016 12 979 M
Debt 2016 122 375 M
Yield 2016 0,06%
P/E ratio 2016 10,86
P/E ratio 2017 5,85
EV / Sales 2016 1,00x
EV / Sales 2017 0,90x
Capitalization 107 065 M
More Financials
Income Statement Evolution
More Financials
Mean consensus BUY
Number of Analysts 4
Average target price 517  ARS
Spread / Average Target 90%
Consensus details
EPS Revisions
More Estimates Revisions
Ricardo Darr Chief Executive Officer
Miguel Ángel Gutiérrez Méndez Chairman
Daniel Cristian González Casartelli CFO & Non-Independent Director
Fernando Raúl Dasso Director & Vice President-Human Resources
Carlos Alberto Alfonsi Director & Executive Director-Downstream
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
YPF SA7 147
TOTAL2.96%117 565
ENI SPA1.74%55 039
ROSNEFT' NK OAO--.--%53 153
STATOIL ASA17.14%50 955
More Results