Repsol YPF, S.A. (ADR)

  • Energy in the Andes and Capital Flight on the Pampas

    By Yong Kwon - August 12, 2013 | Tickers: CVX, REPYY.PK, YPF

    The Argentine state has been languishing in financial turmoil for the last few decades, but things could potentially turn around for Buenos Aires with the exploitation of vast hydrocarbon deposits in the Neuquen province. When Repsol S.A. (NASDAQOTH: REPYY.PK) discovered the Vaca Muerta oil field in 2010, the Spanish petroleum refining company initially estimated the shale oil reserve to be around 927 million barrels. Today, the state-owned Argentine energy more »

  • Life at Last for the "Vaca Muerta" Shale Area

    By Federico Zaldua - July 24, 2013 | Tickers: CVX, REPYY.PK, YPF

    Argentina's YPF (NYSE: YPF) finally sealed a deal with Chevron (NYSE: CVX) regarding YPF's huge shale oil and gas reserves. It has not been easy to find a partner for the currently state-controlled Argentinean oil champion (the government controls 51% of YPF's shares), but the huge potential of the Vaca Muerta shale formation plus relevant concessions from the Argentinean government made the closing possible.

    The deal

    The more »

  • Liquified Natural Gas: Two Large-Cap Winners on the Horizon

    By Federico Zaldua - July 9, 2013 | Tickers: CVX, REPYY.PK, RDS-A

    With demand rising at 5% to 2020 (versus oil's +1.2% growth), Liquified Natural Gas (LNG) is the world's fastest growing energy commodity. But the sector is changing fast. Multiple new supply sources and the growing incremental demand are shaping the market. Besides, thanks to the shale revolution that is going on in the US, supply is poised to become more global, bringing regional prices closer together (nowadays more »
  • The Cow Is Alive: Argentina's Oil Industry

    By Federico Zaldua - March 18, 2013 | Tickers: PZE, REPYY.PK, YPF

    Argentina's energy sector, now dominated by the state through its 51% stake in YPF (NYSE: YPF), has not only been shocked by the government's seizure of YPF from Repsol (NASDAQOTH: REPYY.PK) of Spain almost a year ago, but also by huge shale oil/gas discoveries in the Patagonia Region. The Vaca Muerta (Dead Cow) formation in the province of Neuquen constitutes one of the biggest high quality shale more »

  • Shell’s Focus on Natural Gas Will Pay in the Long Run

    By Peter Pham - February 25, 2013 | Tickers: CVX, XOM, REPYY.PK, RDS-A, STO

    The European oil major Royal Dutch Shell (NYSE: RDS-A) posted a surprise slump in profits recently, but that hasn’t deterred the company from investing heavily in liquefied natural gas and unconventional fuel sources. Shell is putting its bet on increasing energy demands from emerging economies in the future--in my mind, a good bet. The company’s annual income dropped by 6% to $27 billion as it missed analysts’ estimate more »

  • Bazhenov or Bust

    By Robert Zimmerman - December 26, 2012 | Tickers: CVX, XOM, REPYY.PK, STO

    Hydraulic fracturing of the Bakken oil shale in North America exemplifies how America can shake itself loose from OPEC and other oil exporting countries.  Think of the size of the Bakken and its 800,000 b/d from North Dakota alone and multiply that by 80.  Then you’ll have another oil shale formation known as Bazhenov.  Located in Western Siberia, the Bazhenov oil shale currently produces about 400,000 more »

  • Extractive Industries Under the Mother Earth Law

    By Calla Hummel - November 5, 2012 | Tickers: PBR, PKX, REPYY.PK | Editor's Choice

    Corporate personhood is highly controversial in the United States, but corporations are not legally treated as citizens. What if the government extended full rights to a nonhuman? That is exactly what Bolivia’s government did in October, when it signed the Law of Mother Earth (full title, click for full text in Spanish: Ley Marco de La Madre Tierra y Desarrollo Integral para Vivir Bien). The law gives nature, writ more »

  • Latin America's Legion of Doomed (part 2)

    By Nick Slepko - July 23, 2012 | Tickers: KGC, NSRGY, REPYY.PK

    [continued from part 1]

    The last time a convoluted plot was hatched for the economic development of the Caribbean Basin, it ended in the Bayou of Pigs fiasco when in 1981, Dominica, now an ALBA member, was the target of a coup.  North American white supremacists led by a gay vigilante conspired with local Rastafarians to oust staunch Reagan ally President Eugenia Charles.  Their plans to “undertake an industrial project more »

  • Conditions Worsening for Bolivian Natural Resource Operations

    By Calla Hummel - July 20, 2012 | Tickers: VALE, PBR, PKX, REPYY.PK

    As La Razon reported Tuesday morning, Jindal Steel announced that it is leaving Bolivia, a historic $2.1 billion contract, and the world's largest iron ore deposits. Why? Because the Bolivian government and parastatals have not followed through on deals, have started legal proceedings against executives, and placed new, startling conditions on Jindal. Jindal is the second mining company this month to leave Bolivia with multi-million dollar losses due more »

  • Hostages, Nationalizations, and Other Gigantic Red Flags

    By Calla Hummel - July 12, 2012 | Tickers: BG, PBR, PKX, REPYY.PK, TOT | Editor's Choice

    Calla is writing from La Paz, Bolivia.

  • Gushing Oil Profits From Offshore Africa

    By Tony Daltorio - July 8, 2012 | Tickers: BP, CIE, PBR, REPYY.PK, STO

    In what surely must be a surprise to nearly every global investor, one of the world's fastest growing economies is located on the western coast of Africa – Angola. This country's GDP is expected to grow this year by an incredible 9.1 percent! 

    What is causing this surge of economic growth in Angola? The answer is a simple one word answer – oil. The country is now Africa's more »

  • Big Uncertainties for YPF Investors

    By Andrés Cardenal - April 18, 2012 | Tickers: REPYY.PK, YPF

    President Cristina Fernandez de Kirchner announced on Monday that the Argentinean government will seize a majority stake in YPF (NYSE: YPF) from Repsol (NASDAQOTH: REPYY.PK). Talks about nationalization had been going on for a long time, the method and its consequences, however, are quite unclear, to say the least.

    When YPF was privatized in the nineties, provisions were made about how the Argentinean government could recover its control over more »

  • Investors Should Say Goodbye Argentina

    By Tony Daltorio - April 8, 2012 | Tickers: ARGT, REPYY.PK, YPF | Editor's Choice

    The emerging market story is well-known to investors. The positives to investing in emerging economies include rapid economic growth, low debt levels, a population becoming middle class, and a government that allows free markets to enrich their populace. 

    Then there is Argentina, a country blessed with an abundance of natural resources but where the government can't stop making stupid economic decisions. Argentina should be using its natural resources, as more »