Tuesday, November 13, 2012
By Aaron Levitt
Sometimes in the investing world, the risks outweigh the potential rewards.
For energy investors interested in Argentina, “sometimes” is right now.
Despite having some of the world’s largest shale resources, the nation remains a hot bed of resource nationalization and anti-competitive business practices. From its April decision to expropriate control of YPF (NYSE:YPF) from Spain’s Repsol (PINK:REPYY) to its last $2 billion asset seize of integrated giant Chevron (NYSE:CVX), the nation remains a dangerous place for investors to do business.
All in all, the Argentine government’s continued actions could spell trouble for those who remain.
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