Tag Archives: # 3.012

John Ward – Repsol : Everything Is A Weapon, #3.012 – 17 April 2012

Will the Falkland Islanders soon be learning Chinese?

With the proposed nationalisation of Repsol by Argentina yesterday, the group’s shares fell 7% to 16.31 euros.

Argentinian Presidentette Cristina Fernandez plans to steal a controlling 51% stake in the company’s YPF division.

It’s about 50% of Repsol group output, and a fifth of net profit. Having previously been a bit dopey for years, more recently Repsol’s YPF has opened up exciting new resources in Brazil, the Gulf of Mexico and Nigeria. Continue reading