The 51% state-owned company withdrew by 3.87% and interrupted the five-year series with growing growth. The collapse was just the opposite of what marked the rest of the market.
February 9, 2019
The 51% state-owned company YPF had the worst fall since 2011 and broke its five year consecutive growth. The fall of the company was in contrast to all companies in the sector, which recorded a record increase in gas production by 5.29%, which was not observed for 15 years.
It was a failure 3,87%the largest among all manufacturers. The fall reflected the delicate situation that goes through the main player in the market, which came out of the distribution of subsidies.
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On the other hand, the oil companies Tecpetrol (Grupo Techint) and CGC were the most successful in 2018, with an increase of 160% and 49% respectively. That is, because of the over-compensation of $ 7.5 per million BTU they received, unconventional gas began to move forward with astonishing rates, replacing the poor results of the mature caves of major players such as YPF, Total Pan American Energy.
Nevertheless, the number one in Argentina was damaged a loss of $ 60 million on the basis of tax incentives cut by the government. The measure complicates the landscape, which has been questioned by its managers in the estimated investment projects.