Initiating Coverage on YPF: Outperform Opportunity Amid Macro and Shale Expansion
YPF’s strategic focus on expanding unconventional production and investing in infrastructure, particularly export capacity, is expected to enhance its credit profile.
Executive Summary
We are initiating coverage on YPF with an Outperform recommendation. In our view, improving macroeconomic conditions in Argentina will likely support YPF’s operations. This, combined…
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