It's always the same with Andes. I've been trading on and off this share for years now. It's very illiquid and prices is very depressed. Suddenly it gets notice, and prices spikes up and then goes down and start all over again. Great share imho though
we will get noticed by the many. Crazy how this has not moved up after the confirmation of guaranteed sell price per barrel! And so few posting here at present. This share is only one of two oilers I hold that is blue in my portfolio still! The rest are looking very sad today. GLA
Todays Investors Chronicle "The group is more or less guaranteed to be able to sell its oil for $67.50 domestically thanks to newly installed minister of energy Juan Jose Aranguren......The move comes shortly after the pro-business Mauricio Macri was elected president...... Cuts to import taxes and permissions should make the cost of drilling at Vaca Muerta mirror US shale wells Eagle Ford and Barnett in Texas too. Given the Government support, we're placing Andes on the watch list as one of the few oil companies that could re-rate this year"
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