Gran manija para TGS, gracias a YPF.
http://www.fool.com/investing/general/2 ... his-p.aspx
La parte que más me gusta:
Chevron moved forward in July 2013 when it signed a deal with YPF to invest $1.24 billion in the Vaca Muerta shale. In August 2013, the Chevron-YPF venture received final approval from Argentina's province of Neuquen. Based on this deal, the venture will drill 115 wells expecting an output of 11 million barrels of oil in the first year. After the first stage ends, Chevron will have an option to continue the accord (which encompasses as much as $16 billion in spending) until 2048. From the second to 35th year, the venture would drill 1,562 wells to produce 782 million barrels at a rate of 23.7 million of barrels a year.
This is a relatively low-risk investment for Chevron, which knows that YPF has already found both a massive deposit of natural gas that is equivalent to a quarter of Argentina's proven reserves in Vaca Muerta, and an oil deposit of 927 million barrels that represents Argentina's oil consumption for two years. Both discoveries also bode well for Transportadora's business because they are in close proximity to the company's existing lines.
However, Chevron isn't alone. ExxonMobil, which is already exploring for unconventional oil and gas with YPF in Argentina, announced last summer that it plans to invest $250 million to explore the Vaca Muerta shale.
The rising tide lifted all the boats in 2013, and many companies reached new highs primarily due to the fact that the S&P hit record levels. However, I strongly believe that 2014 will be a stock picker's market. President Cristina Kirchner
also enters her last term, and the current political uncertainties in Argentina will wane significantly over the next two years. As a result, the dominant position in Argentina, in conjunction with the gross undervaluation compared to its peers in North America, make
Transportadora a compelling investment at current levels and could push the company's stock much higher in 2014.