Andes Energia Share Discussion Threads

[garfield31] 14/11/2013 09:50

Very encouraging update - serious potential seems the right description. If find oil in Columbia that may help with the market as they mauy not be viewed as just exclusively based in Argentine.

[empirestate] 14/11/2013 08:36

looks like there is some serious potential for plenty more discoveries here.

[garfield31] 12/10/2013 08:10

SG May be the chart is forming a bowl which currently seems to be a popular sign to look for.

Hope you are progressing well. KBC seems to be holding its own at moment.

Best wishes Garfield

[simon gordon] 11/10/2013 20:27

FT - 11/10/13:

With midterm elections on October 27, in which Ms Fernández's party (a breakaway Peronist faction) is expected to lose its congressional majority – followed by 2015 presidential elections for which she cannot run – her party is deserting her. "We love a sweet flower, but not one headed to the political graveyard," says one member. The prospect of a more business-friendly administration is enticing investors, particularly to Argentina's vast, recently discovered shale gas reserves. "Do you think Chevron would have embarked on its $1.2bn investment in July if it didn't see the writing on the wall?" says one.

If Ms Fernández is true to form, she will emerge from hospital vengeful and valiant. Yet some note a new softness since she met the Pope – he sent her a get-well telegram this week – and her excitement at the possibility he might baptise her first grandchild. That, plus her fading political fortunes and health, could prompt a change of heart, or even retirement.

"I'd love to be a judge after 2015," she said recently. The comment was made ironically but, judging by the local stock market – up 75 per cent this year – it is a hope many share.

[empirestate] 02/10/2013 08:21

Would like to think we are on the road to a sustained recovery the share price

[empirestate] 17/9/2013 01:08

Mr. Mayoral said local stocks have been rising since a recent primary election indicated the government will lose power after the October election.

"Before and after the election, investors from outside Argentina started buying local stocks, speculating that the election result would lead to a better outlook [for the private sector]. Banks were the first to benefit from this. Energy companies had been left behind and prices were low, so it's logical they would start benefiting from the idea that prospects might change," Mr. Mayoral said.

Could see some positive momentum for a change here.

[maytrees] 03/9/2013 16:32

Bought a few at just sub 18p.
Some apparent buying interest this pm for a change.

[empirestate] 12/8/2013 07:17

All good and well, but what about our blocks!!!!!!!

[empirestate] 30/5/2013 12:43

we should be seeing some results from these lot any day

[empirestate] 29/4/2013 12:16

certainly a decent conversion price. the shareholders won't want to cash in until atleast over the conversion price. could do with some positive news here to get the share price going though.

[empirestate] 19/4/2013 22:36

A bit of late evening news from Argy

BUENOS AIRES--Argentina's government plans to put up to $2 billion into a new petroleum exploration-and-production fund as the South American nation struggles to become self sufficient in oil and natural gas.

The Argentine Hydrocarbon Fund is authorized to lend money, contribute capital and buy securities issued by oil companies in which the government has an equity stake, according to a resolution published Friday in the government-published Official Bulletin.

The government controls energy companies Enarsa and YPF SA (YPF, YPFD.BA).

It wasn't immediately clear how President Cristina Kirchner will capitalize the fund. Barclays said in a report it thinks the money will come from central bank's foreign currency reserves.

The 2013 budget earmarks almost $8 billion of reserves to pay creditors. But economic growth of just 1.9% last year means that Argentina won't have to pay several billion dollars to investors that own securities whose payouts are linked to the economy's performance.

"We expect, therefore, the treasury to tap reserves and issue a low-coupon hard-currency bond [most likely not marketable] to the central bank," Barclays economist Sebastian Vargas wrote.

A spokeswoman for the Economy Ministry didn't immediately reply to a phone call and email seeking comment.

The central bank, a virtual appendage of the Economy Ministry, is struggling to rebuild its reserves even as a bumper soybean harvest brings billions of export dollars into the country.

On Thursday, those reserves, which the government uses to pay its creditors and buy imported fuels like natural gas, slipped to a six-year low of $39.8 billion. Analysts blame the gradual erosion in reserves on the decline in the value of the bank's gold holdings and persistent capital outflows.

A fire last month that crippled YPF's largest refinery which supplies about 30% of Argentina's domestically produced fuel will force the state controlled company to import significantly more diesel and gasoline this year, putting even more pressure on reserves.

Mrs. Kirchner seized a controlling stake in Argentina's No. 1 oil and gas producer, YPF, from Spain's Repsol SA (REPYY, REP.MC) last year and has tasked the company with reversing years of declining production that have turned Argentina into a net energy importer.

Mrs. Kirchner accused Repsol of decapitalizing YPF through an overly generous dividend policy, which left the firm with scant resources to reinvest in its business. Repsol has denied those accusations and is suing her government for about $10.5 billion in compensation for its YPF shares.

YPF invested 16.48 billion pesos ($3.2 billion) in 2012, an increase of nearly 26% on the year.

The company is also seeking foreign investors to help it develop what are believed to be the world's third-largest shale gas deposits, which are mainly located in the Patagonian province of Neuquen.

Last year, YPF held talks with Norway's Statoil ASA (STO, STL.OS), Russia's government-controlled gas company, Gazprom, and Chevron Corp. (CVX), among others.

In December, YPF signed a preliminary agreement with Chevron to spend $1 billion to drill 100 wells in Neuquen, and in a separate deal it agreed to invest $1.5 billion with a company linked to Argentina's Bulgheroni family.

Should this be good news for AEN ?

[empirestate] 11/4/2013 07:53

decent 50% premium to today's price for conversion.
these lot will be owning Argentina the way they are going.

[empirestate] 11/3/2013 16:27

USD 50 million for a probable value of USD 200 million and worst case scenario USD70 million, not bad at all

[empirestate] 11/3/2013 16:22

today's announcement appears to be overlooked by the market as it appears a decent price for what they are getting.

[bc4] 11/3/2013 14:42

Celtic cant find owt about AEN

[bc4] 08/3/2013 11:08

80,000 late buy just reported,this seems to be on the move

[bc4] 06/3/2013 10:02

These seem undervalued to me

[empirestate] 05/3/2013 12:42

looks like the sellers off now