The financial analyst Christian Buleter explained to Ámbito that the price of the paper “was left with that news and then every time the Argentine ADRs rise, YPF leads the rise.” Buteler flatly rejected the idea that there could be speculative movements based on the large volumes that are handled on Wall Street and the strict rules of the regulatory authorities.
“The issue of Vaca Muerta reserves is a very important driver. Even pending lawsuits abroad due to nationalization could affect the country but not the company,” said Buteler, who highlighted the correct administration of the company. On the other hand, the analyst maintains that “it is to be expected that there will be profit-taking” although he considered that it is too early to consider that the papers have already reached a ceiling. In fact, at different times in history they have been worth US$40, which gives clues about the route.
In the local market, the shares of the state majority company advanced 18.6% in the first three rounds of October (yesterday’s jump was 7.6%). So far in 2022, they have accumulated a rise of 195.7%.
The firm registers this year an increase of 12.5% in domestic fuel salesexceeding 2019 levels. The company went from earning revenue of $830 million (at today’s exchange rates) in the first half of 2017 to almost $8.5 billion in the first six months of the current period.
Five years ago YPF had a profit of just over US$3 million, while in the last report in June it reached US$1,046 million. In 2021 he had had losses.
The firm has an investment plan of more than US$4,000 million during this year. This would be 50% higher than 2021 and half of them would go to the Vaca Muerta development. Another US$1,000 million would be for the modernization and adaptation of the refineries. This would translate into an 8% increase in production, which would imply the highest growth in the last 25 years.
Source: Ambito
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