Group 1 - YPF Sociedad Anónima is positioned as an asymmetric asset rather than a simple proxy for Brent crude oil prices [1] - The investment thesis is anchored in three key vectors: Argentina's macro normalization, operational execution in shale, and a long-term option [1] Group 2 - The company is state-owned and based in Argentina, indicating a unique market position influenced by national policies [1]