Is Beaten Down Repsol A Bargain?

Repsol SA’s effort to sell a liquefied natural gas business for about $2.7-billion has bogged down over its unsuccessful 25-year commitments to ship gas into Canada, two people familiar with the matter said.

Repsol SA, Spain’s largest energy company, expects to sell liquefied natural gas assets for about 2-billion euros (US$2.7-billion) by early February, according to a person familiar with the matter.

The government's mishandling of Argentina's economy has hit new highs recently with the implementation of price controls on food. It is a notoriously ineffective policy that tends to create shortages and spawns black markets.

By Caiman Valores:There have been a litany of worrying events for investors in Argentina. First investors saw the government of President Kirchner order oil and mining companies to repatriate all future export revenue to Argentina. This was followed with the introduction of tighter oversight of the foreign exchange market, the implementation of further protectionist policies to restrict imports and the revocation of oil concessions from foreign controlled oil companies.

By Caiman Valores:Since the Argentine government stated that it would proceed with expropriating control of the country's largest oil product, YPF S.A. (YPF) from its Spanish parent Repsol YPF S.A. (REPYY.PK), there have been howls of outrage and condemnation throughout the media in the U.S, Europe and the UK.

By Caiman Valores:It has been four months since the Argentine government formally completed the expropriation of the country's largest energy company YPF S.A. (YPF) from its majority owner Spain's Repsol (REPYY.PK).

By Tim Plaehn: I caught the news that Argentine oil company YPF S.A.

By Gustav PMD:The Argentine government recently expropriated a 51% stake in YPF Sociedad Anonima (YPF) from Repsol YPF SA (REPYY).