Tuesday, December 06, 2022

Argentina’s wealth rose 188% in dollars in the year and touched a new record. World Nation News

Argentina's wealth rose 188% in dollars in the year and touched a new record.

Vista Energy it was founded by galuccio a few months after his departure from YPF and his activity is basically Exploitation of oil and gas in the Neuquén Basin. The company has already been one of the best performing Argentine companies in 2021. However, so far in 2022 it has been generating profits for investors in a very complex context for the stock markets.

The company, founded by former YPF number one Miguel Galuccio, traded at US$12.93 a share on Wall Street yesterday, compared to US$5.36 to start the year. thus, The paper nearly tripled its value in less than ten months, showing no less than an 188% jump in hard currency. This stellar performance is in stark contrast to a poor year for the stock market and bonds as well.

The company benefited from the rise in energy prices, as did all the companies in the world in the region. Behind this is the strong profits of the company, which Our activities at Vaca Muerta have been amazing quarter-on-quarter with better-than-expected results.

Vista beat consulting firm Zacks consensus estimates for earnings three times over the past four quarters and missed that once, resulting in an average earnings surprise of 47.8%. “To be reported is a profit of 94 cents per share on revenue of $305.1 million,” he noted to Jacques.

Last quarter, the Argentina-focused company surpassed the consensus mark due to higher production and raw material prices. Vista reported earnings per share of $1.06, which is significantly higher than the Jacques consensus estimate of 43 cents. Revenue of $294 million by the company also came in 19.8% above the consensus mark.

Invest in View from Argentina

For Invest in Vista from ArgentinaAll you need to do is open a basic account with a stock exchange company regulated by the National Securities Commission, such as Bull Market Brokers, a free process that will take no more than five minutes, and, after depositing the desired amount of money from the bank, into the account of the same holder, acquisition Cedar,

Argentine seeders or certificates of deposit are instruments that are equivalent to buying a foreign listed underlying stock (NYSE: VISTA), but they can be denominated in pesos (BCBA: VISTA) and follow the development of the CCL dollar. , so they allow to avoid Argentine risk and, at the same time, hedge against potential exchange rate jumps.

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