We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
YPF S.A. (YPF) Signs Vaca Muerta Shale Agreement with Shell
Read MoreHide Full Article
Argentina’s state-controlled energy company YPF S.A. (YPF - Free Report) recently signed a preliminary agreement with the Anglo Dutch oil giant Royal Dutch Shell PLC . The move aims to ramp up the development of Vaca Muerta Shale’s oil and gas assets.
A pilot project has been planned in Bajada de Añelo area of Vaca Muerta Shale. The project will be equally owned by Shell and YPF. Shell will invest $300 million, in two phases, in the project. The deal is subject to approval of provincial authorities.
The preliminary deal was announced a month after the President of Argentina, Mauricio Macri,signed an agreement with the oil companies aiming to boost investment in Vaca Muerta Shale. The deal is likely to reduce imports of costly gas and lower the nation’s energy deficit.
A total of $5 billion investment has been made to tap energy sources in Vaca Muerta shale by oil companies like Chevron Corp. (CVX - Free Report) , BP plc (BP - Free Report) and Total S.A. along with YPF and Shell.
YPF intends to invest $2.3 billion in Vaca Muerta Shale this year. Shell would be investing $300 million every year til 2020 in Argentina for exploration, refining, distribution and marketing of oil and gas. It is expected that that this deal will boost Shell’s strong and diversified portfolio of global energy by providing ample growth opportunities.
Over the last three months, the Zacks categorized Oil and Gas Integrated - International industry has recorded growth of 1.88%. However, shares of YPF have significantly outperformed the industry by registering growth rate of around 28%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017? Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
YPF S.A. (YPF) Signs Vaca Muerta Shale Agreement with Shell
Argentina’s state-controlled energy company YPF S.A. (YPF - Free Report) recently signed a preliminary agreement with the Anglo Dutch oil giant Royal Dutch Shell PLC . The move aims to ramp up the development of Vaca Muerta Shale’s oil and gas assets.
A pilot project has been planned in Bajada de Añelo area of Vaca Muerta Shale. The project will be equally owned by Shell and YPF. Shell will invest $300 million, in two phases, in the project. The deal is subject to approval of provincial authorities.
The preliminary deal was announced a month after the President of Argentina, Mauricio Macri,signed an agreement with the oil companies aiming to boost investment in Vaca Muerta Shale. The deal is likely to reduce imports of costly gas and lower the nation’s energy deficit.
A total of $5 billion investment has been made to tap energy sources in Vaca Muerta shale by oil companies like Chevron Corp. (CVX - Free Report) , BP plc (BP - Free Report) and Total S.A. along with YPF and Shell.
YPF intends to invest $2.3 billion in Vaca Muerta Shale this year. Shell would be investing $300 million every year til 2020 in Argentina for exploration, refining, distribution and marketing of oil and gas. It is expected that that this deal will boost Shell’s strong and diversified portfolio of global energy by providing ample growth opportunities.
YPF is a vertically integrated company, engaged in the production, exploration, refining and marketing of gas and petroleum products. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
Over the last three months, the Zacks categorized Oil and Gas Integrated - International industry has recorded growth of 1.88%. However, shares of YPF have significantly outperformed the industry by registering growth rate of around 28%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017? Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>