Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics a ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...

Project Overview - YPF Sociedad Anonima (YPF) is seeking $2 billion in external funding to complete the Vaca Muerta Sur project by Q2 2025 [1] - The project aims to increase Argentina's oil export capacity by transporting an additional 390,000 barrels per day to a coastal export terminal in Rio Negro [2] Financing Strategy - The total project cost is estimated at $3 billion, with YPF planning to secure $1.5 billion from international investors and $500 million locally [3] - YPF intends to cover approximately 70% of the costs through external funding and the remaining 30% through equity contributions from companies securing pipeline capacity [3] - The company is exploring partnerships with major energy firms such as Pampa Energy, Vista, Chevron, and Shell for the pipeline project [3] Long-Term Implications - The pipeline project is expected to position Argentina as a major regional oil exporter and allow YPF to meet growing global oil demand [4] - By connecting to a coastal export terminal, the project will enable YPF and Argentina to access international markets and increase oil export revenues [4] Energy Sector Insights - Smart Sand, Inc (SND) is a low-cost producer of high-quality Northern White frac sand, with growing demand expected due to sustained oil and gas market needs [6] - FuelCell Energy (FCEL) provides low-carbon energy solutions, playing a key role in the energy transition by enabling industries to shift from fossil fuels to cleaner alternatives [7] - Nine Energy Service (NINE) offers onshore completion and production services, operating across major US and Canadian basins, with anticipated growth due to sustained oil and gas demand [8]

YPF S.A. (Yacimientos Petrolíferos Fiscales) (NYSE: YPF ) is a mixed capital company where 50% of the shareholding is owned by the Argentine National State, while the other half is in private hands. Thanks to this, YPF owns the vast I am an individual investor with over 10 years of trading. I have been developing as a stock analyst for the last five years. I am inclined to search for Value companies, mainly linked to the production of commodities. I mainly focus on companies that show sustained free cash fl ...

In December 2023, after the Argentina Presidential election, I published my view on YPF Sociedad Anónima (NYSE: YPF ), which was skeptical of timing but positive that the new government would allow YPF toExperience is difficult to learn. After 30 plus years of critically analyzing the nuts and bolts of businesses as diverse as airlines, oil, retail, mining to fintech and ecommerce plus the macro, monetary and political drivers. I continue to immensely enjoy learning and applying my experience to unravel, co ...

Financial Data and Key Metrics - Revenue reached $5.3 billion, up 7% sequentially and 18% year-over-year, driven by higher seasonal gas sales, increased oil exports to Chile, and better fuel prices [10][11] - Adjusted EBITDA totaled $1.4 billion, up 13% sequentially and 47% year-over-year, primarily due to higher gas sales, shale hydrocarbon production, and improved fuel prices [12][13] - Net income grew significantly to $1.5 billion, almost three times the previous quarter, mainly due to a positive income tax impact [14] - Total hydrocarbon production averaged 559,000 barrels of oil equivalent per day, up 4% sequentially and 8% year-over-year, driven by strong shale operations [15] - Capital expenditures (CapEx) were $1.4 billion, up 13% sequentially, with 73% concentrated in upstream shale oil operations [15][16] - Free cash flow was negative $173 million, impacted by higher debt service payments and increased upstream activity [16] Business Line Performance - Shale oil production increased by 36% year-over-year, now representing almost half of total production [8] - Downstream processing levels averaged 298,000 barrels per day, with a refinery utilization rate of 90%, driven by efficiency improvements at La Plata Refinery [30] - Fuel sales volumes declined by 9% year-over-year, but local market share remained stable at 57% [32] - Diesel imports decreased to 4% of total fuel sales volumes, down from 7% in the previous year [33] Market Performance - The company became the largest oil exporter in Argentina, exporting approximately 40,000 barrels per day [9] - Oil exports to Chile increased by 37% sequentially, reaching 39,000 barrels per day [42] - The Vaca Muerta South Oil Pipeline (VEMOS) project achieved 50% construction progress, with the first tranche expected to start operations by Q1 2025 [43][44] Strategic Direction and Industry Competition - The company is focusing on increasing shale oil production, particularly in the Vaca Muerta region, which now accounts for 55% of total output [20] - The Andes Project, aimed at divesting mature conventional fields, has successfully executed nine FPAs for 25 blocks, with plans to add seven more blocks [18][19] - The company is advancing key infrastructure projects like VEMOS and the OldelVal pipeline to enhance oil export capacity [44][45] Management Commentary on Operating Environment and Future Outlook - Management highlighted the impact of extreme weather conditions in Patagonia, which affected conventional production but was offset by strong shale performance [6][10] - The company expects to achieve a lifting cost target of $15 per barrel of oil equivalent by year-end, up from the original $13 target due to inflation and divestments [25] - Management remains optimistic about the LNG project, with 14 MoUs signed with potential offtakers and ongoing discussions with super majors for equity investment [55][56] Other Important Information - The company issued a seven-year international bond for $540 million and repaid $334 million of 2025 notes and $166 million of 2027 notes [37] - Net debt remained stable at $7.5 billion, with an improved net leverage ratio of 1.5x [40] - The company is preparing to apply for the RIGI (Regime for the Promotion of Investments in Infrastructure) for the VEMOS project [48] Q&A Session Summary Question: LNG Roadshow and Equity Investors - The company has signed 14 MoUs with potential LNG offtakers and is in discussions with super majors for equity investment in the LNG project [55][56] Question: Lifting Cost Reduction Roadmap - The company aims to reduce lifting costs by focusing on unconventional production, which has significantly lower costs compared to conventional fields [58] Question: Free Cash Flow and CapEx Outlook for 2025 - The company expects free cash flow to turn positive by 2026, with CapEx remaining focused on unconventional operations in Vaca Muerta [64][67] Question: Midstream Infrastructure Progress - The VEMOS project has secured all necessary permits, with construction expected to start soon, and the OldelVal pipeline expansion is on track for completion by mid-2025 [72][75] Question: Production Growth and Shale Oil Guidance - The company maintains its guidance of 250,000 barrels per day of shale oil production by 2027, with potential upside depending on infrastructure improvements [108][111] Question: Downstream Pricing Strategy - The company follows international parity pricing for fuel, with prices adjusted based on market conditions, and expects demand to recover as economic activity improves [93][94] Question: Legal Dispute with Burford - The company is awaiting the next phase of the legal process with Burford, with no further updates provided due to confidentiality [72] Question: Nationwide Crude Production Forecast - The company expects Argentina's crude production to reach 1.2 to 1.4 million barrels per day by 2027, driven by infrastructure projects like VEMOS [130][134] Question: Asset Sales and Cash Flow Impact - The $205 million inflow in the cash flow statement is related to the sale of financial assets, not the Andes Project [139] Question: International Bond Issuance for Infrastructure Projects - The company is working on project finance for VEMOS, with LOIs received for $1.5 billion, and expects to finalize financing arrangements in the coming months [144]

NEW YORK, Nov. 7, 2024 /PRNewswire/ -- Burford Capital Limited, the leading global finance and asset management firm focused on law, has noted inaccurate media reporting and subsequent market reaction to an expected court filing last night by the U.S. Department of Justice ("DOJ") in the Petersen and Eton Park matters. The filing in the U.S. District Court for the Southern District of New York restates DOJ's position on a narrow question of law in relation to enforcement of judgments. The filing pertains to ...

YPF Sociedad Anónima (YPF) , Argentina's state-owned energy company, has announced that it will be lowering fuel prices across the country, starting from Oct. 1, 2024. The company announced a 4% reduction in gasoline prices and a 5% reduction in diesel prices. However, the pump prices will reflect a 1% reduction in gasoline prices and 2% in diesel prices. The devaluation of the Argentine peso and an increase in taxes led to a 3% rise in fuel prices, which partially reduced the full benefit of the price cut. ...

JHVEPhoto/iStock Editorial via Getty Images Usually when I'm looking for value stocks, I like to find companies that are in the lower half of their 52-week range. Sometimes, however, the numbers don't support this strategy, especially with the broader market going so strong. It is inevitable that companies will surge toward the peak of their 52-week range, and keep going if their earnings are strong enough. Today I'm going to be looking at YPF Sociedad Anonima (NYSE:YPF), a company that very much is at the ...

YPF Sociedad Anónima (NYSE:YPF) Q2 2024 Earnings Conference Call August 9, 2024 9:00 AM ET Company Participants Margarita Chun - Investor Relations Manager Horacio Marin - Chief Executive Officer Federico Barroetavena - Chief Financial Officer Conference Call Participants Bruno Montanari - Morgan Stanley Luis Carvalho - UBS Vicente Falanga - Bradesco Alejandro Demichelis - Jefferies LLC Andres Cardona - Citi Marina Mertens - Latin Securities Leonardo Marcondes - Bank of America Merrill Lynch Operator Thank ...