Tags: YPF | Stock | Argentina | oil

YPF Stock Falls to Lowest New York Close in a Decade

Tuesday, 13 Nov 2012 06:05 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
YPF SA, the nationalized oil company, slid 3 percent on concerns Argentina may face a technical default as a New York judge is asking the sovereign to submit a plan to pay holders of defaulted debt.

YPF slumped to $10.15 at the close in New York, the lowest since Nov. 8, 2002.

YPF’s market value is $3.99 billion, after losing 70.7 percent in the year. Spain’s Repsol SA had a 51 percent stake in the company seized by Argentina’s government in April. The Madrid-based company is seeking to obtain $10.5 billion in compensation from Argentina for the expropriation.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved