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Saturday, May 11, 2024 2:01:43 PM
Wild chart voodoo at work in YPF S.A. a majority-state-owned oil and gas company in Argentina - with a p/e of not 5.5, but 55.
They've got their "dead cow" Vaca Muerta onshore shale production and Equinor working as their offshore partner, all in a very politically volatile nation where the rules can change overnight.
YPF was privatized under president Carlos Menem and bought by Spain-based oil company Repsol in 1999; then President Cristina Fernández de Kirchner renationalized 51% of the firm in 2012.
They've got their "dead cow" Vaca Muerta onshore shale production and Equinor working as their offshore partner, all in a very politically volatile nation where the rules can change overnight.
YPF was privatized under president Carlos Menem and bought by Spain-based oil company Repsol in 1999; then President Cristina Fernández de Kirchner renationalized 51% of the firm in 2012.
We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.
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