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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Dennis Roth who wrote (167041)4/11/2012 1:13:41 PM
From: Dennis Roth1 Recommendation  Read Replies (2) of 206099
 
Argentina's President Will Announce YPF Takeover Thursday
by Dow Jones Newswires
Ken Parks
Wednesday, April 11, 2012
rigzone.com

BUENOS AIRES - Argentina's federal government will take management control of oil and gas producer, YPF SA, and give provincial governments seats on the company's board of directors, newspaper Pagina 12 said...

...The new YPF will have 25 directors and seek private sector investment, financial newspaper El Cronista reported, without citing sources...

...Deutsche Bank on Tuesday cut its rating on shares of YPF to hold from buy due to the deteriorating political environment in the South American country.

"Since the start of the conflict between YPF and the government, we were hopeful for a better resolution, but the removal of concessions and the possibility of the government becoming a shareholder of the company indicate that the upside is limited from current levels, at least in the short term," Deutsche Bank analysts said in a report...
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