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Schizofrenic volatility continues in YPF shares. I have no idea what the market is doing. Panickan all around. Looks like a potential v-shaped bottom on the chart but the stock has gapped up and down multiple times in the past month now so could go anywhere. Above $30 I felt like it was too risky but I like it more at $20-25. Aside from the sovereign NOC risk and potential Peronist flip in Argentina, the company is very leveraged and growing aggressively into an uncertain oil market. Looking past those risks, they are building a phenomenal integrated shale company with decades of top quintile drilling inventory in the best sweet spots of the Vaca Muerta, they're disposing of conventional assets and reinvesting into shale, pipelines, refining and LNG. I like the daring approach. The assets on offer are great and they're not afraid to face off into the storm. If it goes down I can always tax loss sell and reenter lower.
