Anyway a bit of optimism in a country like ours, where Queen “tomorrow will be worse” is never bad. It happens that YPF, the company leading Miguel Galicia and these days happened to be composed by Argentine capital after selling the last 12% that Resold still had in his possession has new partnership schemes in wallet with foreign companies to Vice Marta dollars to inject an oil area acquired a value in major currencies, which would exceed 800 billion dollars only in technically recoverable oil resources.
From these data, which at the moment are only approximations, growing tenfold Argentina confirmed its current reserves and may lead them to 25.000 million barrels at present has 2,500 million barrels. The territory of Vaca Muerta YPF accounted for the highest level of oil in the east, while in the part of the Cordillera’s largest inventories of shale gas.
What if the reader did not notice, we’re talking about resources that could exceed 800 billion dollars in a country whose currency reserves at the central bank are “only” 28 billion. One can then say without equivocation that we are facing an imminent “oil boom” in the country considering a horizon of 5 to 10 years, with all the good and bad that it brings about.
The oil boom is usually a process that brings huge benefits to the economy of the country or set of countries where it bringing capital and investments and generating huge inflows of money to the national treasury. Its main characteristics are substantially GDP growth above 5%, a significant increase in public spending on infrastructure or mostly social spending resulting in increased private investment and an increase in quality of life.
This could mean a major paradigm shift for our beleaguered country, powered by a rain of “petrodollars” and increased the most due to economic variables that could be brutal increase in exports. It follows the discovery of Vaca Muerta could not yet be incorporated into the price, and that l have lots more to share for thinking up a horizon of several years.
Ternaries (TS ADR) or Chevron Texaco (CVX) are in principle other companies could benefit from the reserves found directly or indirectly. But if this scenario materialize maximum, it is not unreasonable to assume that the economy as a whole, in the aggregate, could have an upside important, and thereby inevitably be directed MERVAL made new highs.
This, of course, be subject to the liability of the new leadership to assume command in the country after the next presidential election, in the sense that the benefit to spill most of the population. Do you agree with this note and would like to learn how to invest in stocks as not to miss this historic opportunity?
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