Originally published on SeekingAlpha.com
- YPF is one of the largest oil & gas companies in Latin America and sits on huge shale oil and gas reserves at Vaca Muerta.
- Controlled by the Argentinean State since nationalization in 2012, the new government replaced former CEO Miguel Galuccio with Ricardo Darre.
- Darre is an exploration and production expert with 30 years of international experience at Total SA (TOT).
- The choice of an exploration expert signals the government’s willingness to prioritize new projects to increase production even if it is uneconomical in the current price scenario.