Monday, April 23, 2012

YPF shares fall in Buenos Aires, New York

Shares of YPF fell 4.7 percent in Buenos Aires and 4 percent in Wall Street amid rumours indicating that Argentine officials have come to the conclusion that the expropriation will cost nothing to the Argentine State.

Meanwhile, the new trustees of YPF Julio De Vido and Axel Kicillof will hold several meetings with oil companies this week in an attempt to encourage investment to boost oil and gas production.