YPF - YPF Stock: A Shale Oil Boom In Argentina

2024-03-19 11:14:02 ET

Summary

• YPF SA is trading at a 6-year high amid improving sentiment toward the Argentine economy.
• The company's latest quarterly result was highlighted by strong shale oil production growth.
• We expect the momentum in the stock to continue.

YPF SA ( YPF ) has quietly rallied to a near 6-year high with Argentina's state-controlled energy company benefiting from a wave of optimism toward the new Javier Milei Presidential administration. A backdrop of market-friendly economic policies including efforts to relax export and pricing restrictions controls are seen as encouraging investments in the country....

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