Companies / YPF
NYSEYPF Sociedad Anonima (YPF) in our theses
YPF Sociedad Anonima appears in one of our theses. Below is why it entered the basket and how it has done since publication.
Argentina Uncorks Vaca Muerta: New Pipelines Turn Shale Promise into Export Cash
The VMOS pipeline and falling country risk remove evacuation limits on Vaca Muerta crude: production grows ~30% YoY with cash flowing to Vista, YPF, Pampa, and TGS.
Why this company: Largest operator in Vaca Muerta and leader of the VMOS consortium. Divesting mature conventional assets allows total capex refocus into shale, providing maximum operational leverage to new export capacity. US legal overhang from the 2012 nationalization remains the primary risk.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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