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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on BP - FREE
Get the latest research report on CVX - FREE
Get the latest research report on YPF - FREE