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$28.08 -1.25 (-4.26%)
9/5/2008 4:02 PM

Repsol YPF, S.A. (ADR) (REP)

CAPS Rating:
***

The Company is integrated oil and Gas Company engaged in all aspects of the petroleum business, including exploration, development and production of crude oil and natural gas, transportation of petroleum products, petrochemicals, LPG and natural gas.

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Avatar xfranco4bcn (67.94) Submitted: 5/25/08 11:05 AM : Outperform Start Price: $40.77 REP Score: -21.41

This former oil monopoly in Spain, still dominates the oil distribution in the country, giving the company a very stable revenue & earning basis. Today it is strongly diversified into latin America and into field exploration. Expected 2008 PE around 10 average for the industry, but should benefit from the general trend of higher oil prices, and do well for the next year or so.





The company was hit when it was forced to review its proven oil reserves a couple of years ago, but it recently soared on the news of one of the biggest discovered deep-water fields in Brazil, called carioca. I expect they can build on that and follow the good oil industry trend mid-term.

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