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YPF SA (YPF) Tumbles as Argentina Cuts Incentive Spending

February 3, 2012 1:09 PM EST
YPF Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Down Down)
Shares of YPF SA (NYSE: YPF) are moving to the downside following reports Argentina will suspend a program aimed boosting incentives for energy exploration and production.

Savings of about 2 billion pesos per year are expected.

YPF shares are about 6.5 percent lower Friday.


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