Key Developments: YPF SA (YPF.N)

YPF.N on New York Stock Exchange

34.31USD
21 Nov 2014
Price Change (% chg)

$0.70 (+2.08%)
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$33.61
Open
$34.46
Day's High
$34.74
Day's Low
$34.20
Volume
344,551
Avg. Vol
326,211
52-wk High
$41.74
52-wk Low
$21.00

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Latest Key Developments (Source: Significant Developments)

YPF reaches agreement with Petronas (E&P) Overseas Ventures for joint development of shale oil pilot project
Wednesday, 27 Aug 2014 08:00pm EDT 

YPF SA:Says it has reached agreement with Petronas (E&P) Overseas Ventures Sdn. Bhd (Petronas) on main terms and conditions for joint development of shale oil pilot project in three annual phases.Total investment of up to $550 million plus applicable VAT.Project located in La Amarga Chica concession area, located in province of Neuquen.Petronas to contribute $475 million and YPF to contribute $75 million.Pilot phase will start once final project documents are executed and certain conditions precedent are fulfilled.Agreement provides for exclusive period for negotiation and execution of series of definitive project agreements which will enter into force subject to compliance with number of conditions precedent to be fulfilled before Dec. 31.  Full Article

Moody's changes YPF SA's outlook to negative; affirms ratings
Wednesday, 6 Aug 2014 08:00pm EDT 

YPF SA:Company's Caa1 Global Local Currency Issuer Rating and Baa1.ar National Local Currency Issuer Rating were affirmed by Moody's.Outlook was changed to negative from stable.Company's outlook changes follow revision in Argentinean government's Caa1 rating outlook to negative from stable on July 31.  Full Article

YPF agrees on share repurchase
Wednesday, 11 Jun 2014 05:36pm EDT 

YPF SA:Board agreed on terms and conditions of share repurchase for up to 200,000,000 pesos.Share price up to 400 pesos per share on Buenos Aires Stock Exchange and $37 per share on New York Stock Exchange.Period to carry out repurchase is within 90 calendar days following publication of information on Securities and Exchange Commission and Buenos Aires Stock Exchange websites.  Full Article

YPF SA declares FY 2013 dividend
Wednesday, 11 Jun 2014 05:26pm EDT 

YPF SA:Declares dividend for 2013 of 1.18 pesos per share or ADR.Dividend to be paid on July 10.  Full Article

YPF to issue class XXXIII negotiable bonds
Friday, 30 May 2014 04:32pm EDT 

YPF SA:To issue negotiable class XXXIII bonds in nominal amount of up to $124 million, minus nominal value of class XXXII bonds to be issued, to be integrated into initial exchange rate.Nominal value of class XXXIII bonds to be determined together with class XXXII bonds, which together may not exceed 1,000 million pesos or its equivalent in dollars at initial exchange rate.Bonds to be issued under global program of $5,000 million.Organizers: Citicorp Capital Markets SA, BBVA Banco Frances SA, Banco Hipotecario SA, Nacion Bursatil Sociedad de Bolsa SA and BACS Banco de Credito y Securitizacion SA.  Full Article

YPF to issue class XXXII negotiable bonds
Friday, 30 May 2014 04:26pm EDT 

YPF SA:To issue negotiable class XXXII bonds in nominal amount of up to 1,000 million pesos, minus nominal value of class XXXIII bonds to be issued.Nominal value of class XXXII bonds to be determined together with class XXXIII bonds, which together may not exceed 1,000 million pesos.Bonds to be issued under global program of $5,000 million.Organizers: Citicorp Capital Markets SA, BBVA Banco Frances SA, Banco Hipotecario SA, Nacion Bursatil Sociedad de Bolsa SA and BACS Banco de Credito y Securitizacion SA.  Full Article

YPF to issue class XXXI negotiable bonds
Friday, 16 May 2014 03:32pm EDT 

YPF SA:To issue negotiable class XXXI bonds in nominal amount of up to 200 million pesos with possibility of extension to 300 million pesos.Bonds to be issued under global program of $5,000 million.Variable rate.Issue price at par.Maturity 365 days as of issue date.Public auction period from May 23 at 10:00 a.m. to May 29 at 4:00 p.m.  Full Article

Repsol sells 11.86 pct stake in YPF to Morgan Stanley & Co LLC
Wednesday, 7 May 2014 02:12am EDT 

Repsol SA:Sells 11.86 percent stake in YPF SA, represented by 46,648,538 ordinary class D shares, to Morgan Stanley & Co. LLC.Transaction value $1,255,312,157.58.Shares sold in form of American Depositary Shares (ADS).Operation to generate pre-tax gain of $622,000,000.After sale, Repsol to hold less than 0.5 percent stake in YPF.  Full Article

YPF updates on project investment agreement with Chevron Corp
Wednesday, 9 Apr 2014 08:00pm EDT 

YPF SA:YPF and certain of its subsidiaries and subsidiaries of Chevron Corp have completed second phase of project investment agreement.Chevron has confirmed its decision to continue with investment project in unconventional hydrocarbons in Loma Campana area.Chevron to commence third phase of project.Duration of third phase to encompass life of project, until the expiration of Loma Campana concession.Total development of Loma Campana area to be carried out by both companies, sharing investments 50 percent each.YPF and Chevron signed new investment project agreement for joint exploration of unconventional hydrocarbons in province of Neuquen.Agreement contemplates drilling of nine exploratory wells (seven vertical and two horizontal) within area dedicated to project, known as Chihuido de la Sierra Negra Sudeste-Narambuena.Investment to be undertaken exclusively by Chevron.  Full Article

Mexico's Inbursa reduces stake in YPF SA-Reuters
Tuesday, 8 Apr 2014 12:23am EDT 

YPF SA:Mexico's Inbursa, owned by businessman Carlos Slim, told Argentine stock market regulators on April 7 that it has cut its stake in Argentina's state-controlled energy company YPF to 4.8 pct-Reuters.Inbursa told Argentina's National Securities Commission in a letter that it sold $26 million in YPF stock on the New York Stock Exchange.The sale of shares comes as Argentina tries to attract investment to its Patagonian shale oil and gas formation called Vaca Muerta, or Dead Cow.  Full Article

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