Player Avatar ViolentCapital (97.66) Submitted: 7/17/2007 12:32:51 PM : Underperform Start Price: $45.19 YPF Score: +2.21

wow, I think people are getting duped by the dividend yield!!!1) The company's reserve life is about 6 years2) Dividend yield is covered currently just barely by FCF right nowSo basically in 6 years you have the dividends + tangible assets on bookCurrent dividend * 6 years = 3.87*6 = 23.22Tangible BV = equity for argument's sake = 20/share23.22 + 20 = 43.22anyone holding this stock hopefully is assuming that they can earn greater returns on their dividend payments otherwise this investment looks like a loser to me!!!Buy PTR or Lukoil instead!

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Member Avatar cmolinel (< 20) Submitted: 7/23/2007 4:24:55 PM
Recs: 0

Do not be confused by the declared reserves. Argentina is full of oil. The problem is that the prices are frozen by the government, so nobody is investing on exploring.
But the company (currently in Spanish Repsol hands) is being sold to a local investor. Casually, a friend of the Argentine president...
Furthermore, prices are frozen because there are elections in October. As soon the company is in the president's friends hands (by the end of the year) by a fraction of its value, and the elections happened, prices will be gradually moved up. Almost all of the incremental income will go directly to the bottom line.

Member Avatar Mobilisa (51.40) Submitted: 9/19/2007 8:11:06 PM
Recs: 0

Remember this stock YPF was at $12.57 in July, 2002, I look at where the company was and where they are headed. Everyone does their best to make money for a company. Try to find out where they are working and what new projects they are producing. Let's make money....

Member Avatar ViolentCapital (97.66) Submitted: 11/30/2007 11:17:25 AM
Recs: 0

i'll disagree, not every company tries their best to make money, especially when they have ties to the state. this one being a case in point - especially with argentina's oddball way of governance - they will do nothing but let every single potential opportunity go by in the near future.

Member Avatar cmmtgnmn (54.57) Submitted: 12/7/2010 4:13:27 PM
Recs: 0

In a filing with the Buenos Aires Stock Exchange, YPF said it found an estimated 4.5 trillion cubic feet of unconventional gas after drilling four exploratory wells on the south side of its Loma La Lata field in the Neuquina Basin in Neuquen province.

reserve extended to 16 years [dec 7-2010]

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