Friday, April 20, 2012

Argentina's nationalization - " I am not a thug"



“Companies that operate in Argentina, even when their shareholders are foreign, are Argentine companies. Don’t anyone forget that,” Kirchner said Monday. She felt it necessary to add, “I’m the head of state, not a thug,” even if her seizure of YPF suggests otherwise.

This is a key reason why you do not want to own companies and should prefer commodities. 

Argentina is also now taking over YPF Gas. 

Argentina is now looking for partners to develop their "new oilfields. You want them as your friend? 

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