Wednesday, October 3, 2012

Investopedia: Post-Robbery, Repsol Still Has Promise

This has been Repsol's (OTC:REPYY) annus horribilis, as the Argentine government's decision to steal YPF (or "nationalize"/"expropriate", if you prefer) walloped the stock and forced Repsol's management to re-evaluate the company's core operating priorities and capital structure. While I would never suggest that losing a business as large as YPF is a long-term positive for the company, this restructuring was arguably overdue and Repsol has a lot of appealing production/reserve growth potential.

Please click below for more:
http://www.investopedia.com/stock-analysis/2012/Post-Robbery-Repsol-Still-Has-Promise-REPYY-XOM-BP-CVX1003.aspx

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