The actions of energy companies continue to be among the favorites of financial specialists, even despite the current volatility.
The political volatility of the last weeks hit the Argentine assets hard, especially the shares. However, specialists agree that There are some local companies that maintain their bullish potential for the solidity of its foundations.
The situation was reflected in the Merval index measured in Dollar CCL, which fell 13% in August and accumulates a decrease of 16% so far in September. In this way, from the January record, the fall is already around 50%.
The shares of energy companies dominate the portfolios
However, the energy sector, composed of giants such as YPF (YPFD), Pampa Energía (Pamp), Vista Energy (view) and Gas Transporter del Sur (TGSU2)which is directly linked to Vaca Muerta and the production and marketing of oil and gas, remains firm for the future.
“Within the Argentine market, the energy sector is the one that shows the greatest potential even in this context of volatility. In a scenario where clear drivers are missing in other sectors, energy remains the value anchor for investors,” he said Leonardo Anzalonedirector of the Center for Political and Economic Studies (CEPEC).
“I would be inclined to the energy sector, especially for the companies with better foundations, that is, Pampa Energía and conveyers of the South. Second, a step below, I would also add energy to Vista. And a step below would locate YPF, since it has the political issue, and that can influence whether there are signs in the next choice about a return of the homeland front to the presidency in 2027,” he said Bruno PerinelliChief of Trading in Global Investor.
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Diversification
For the specialist, there is also another company in the Argentine market with growth potential: Argentina Ternium (Txar)the largest steel manufacturer in the country belonging to the Techint group.
“What I am seeing now is a positive behavior of Argentina’s Ternium, which recovered what he lost from Friday to date and that could benefit from a change in the government sign around 2027. It was very punished by having its export complex and the low dollar, the increase in costs in weights and income without increasing as much as costs,” said Perinelli.
For its part, the strategists of IOL They indicated that they also see potential in Vista Energy: “The view investment thesis focuses on developing its high -performance unconventional oil drilling inventory, which covers up to 1,150 wells in 205,600 acres in Vaca Muerta, with an focus on cost efficiency and production with lower carbon intensity.”
They also talked about Metrogas (Metr)the main natural gas distributor in Argentina, with operations concentrated in the City of Buenos Aires and part of the Buenos Aires Conurbano.
“The company benefits from a broad and stable customer base, which gives it a solid generation of recurring box. Currently, the action quotes attractive multiples, with an EV/EBITDA close to 4x and a solid generation of box. After the recent fall in its price, even more pronounced than that of other companies in the sector, we identified a favorable entry point,” they summarized.
Source: Ambito
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