Repsol YPF, S.A. has filed a Home Country News Release – Repsol Communication: Information on the estimated resources at BM-C-33 Block, Campos Basin (Brazil). To view the full release click here (link to PDF).
Category : World News
Argentine oil firm YPF vows to keep providing supplies as the dispute over its forced nationalisation continues.
Read more from the original source: YPF pledges to keep gas flowing
Category : Stocks
Here is this week’s roundup of the dumbest actions on Wall Street.
Follow this link: The 5 Dumbest Things on Wall Street: April 20
NEW YORK (ETF Digest) —
On second thought, some leading tech names saw heavy profit-taking on Wednesday. IBM and Intel (INTC) saw their shares fall as earnings reports disappointed either on revenue or guidance. Apple (AAPL) still an outsized weighting in tech sector ETFs (QQQ) & (XLK) kept losses from being too great as the shares only sold-off slightly.
Why the sell-off Wednesday? You might think the eurozone (again) and you’d be partially right as more bad news dumped rain on the bulls’ parade. And that rain was from the plain in Spain? It seems there is more bad Spanish loans and the costs for propping up banks there is soaring. The Argentine takeover of Rapsol’s YPF is still reverberating throughout markets there as well. All the news from across the pond wasn’t limited to Spain as the Bank of England has decided there will be no more QE in the UK for now. Bulls don’t like anything like that certainly.
A little covered story is that the wireless telephone market (IYZ) may now be starting to shrink as sales of wireless contracts, the most lucrative segment of the business may have shrunk for the first time ever according to this report from Bloomberg. So, perhaps we’ll now see the effects of saturation and some folks wanting a new iGadget may be loathe to sign up for a new contract.
Click to view a price quote on CAT.Click to research the Conglomerates industry.
Read the original: Confused Markets: Dave’s Daily
Spain says Argentina has shot itself in the foot with its decision to nationalise the Spanish majority stake in the YPF oil company.
Original post: Spain warns Argentina of ‘damage’
The Argentine government is to expropriate oil company YPF, a subsidiary of Spanish firm Repsol, despite objections from the EU.
View original post here: Argentina to seize Repsol oil arm
Argentina’s appears to be making an already difficult environment worse for attracting investors to develop its Vaca Muerta shale fields, after revoking licenses from YPF SA (YPF +8.3%) and Petroleo Brasileiro SA (PBR +2.5%) over an investment dispute. The deposit holds over 23B boe in an area roughly the size of Connecticuit. Unfortunately, says RBC’s Peter Hutton, “None of the majors would want to step into a field that’s been expropriated from a fellow major.” 3 comments!
Continue reading here: Argentina’s appears to be making an already difficult environment worse for attracting investors to develop its Vaca Muerta shale fields, after revoking licenses from YPF SA ([[YPF]] +8.3%) and Petroleo Brasileiro SA ([[PBR]] +2.5%) over an…