Looks like it is rearing ugly head again . Excerpt from Bloomberg article
"Argentine President Cristina Fernandez de Kirchner seized control of YPF (YPF) SA, the nation’s largest crude producer, ousting Spanish owner Repsol YPF SA (YPFD) after a dispute over slumping oil output and investments.
Argentina took over management of YPF with immediate effect, replacing Chief Executive Officer Sebastian Eskenazi with Planning Minister Julio De Vido, Fernandez said today in a speech in Buenos Aires. The government will also send a bill to Congress to take a 51 percent stake in YPF, she said."
TRY Price at posting:
$4.65 Sentiment: None Disclosure: Not Held
