Argentina's Oilfield Billionaire Has 'Lot of Hope' for Milei [Financial Post (Toronto, Ontario, Canada)]
Tenaris S.A. American Depositary Shares (TS)
Last tenaris s.a. american depositary shares earnings: 2/19 04:34 pm
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Paolo Rocca, billionaire chief of oil-pipe maker Tenaris SA, said expectations are high that Argentina's President Javier Milei can turbo-charge development of the country's shale deposits. The Vaca Muerta basin has natural gas reserves potentially higher than those in the Permian Basin and crude reserves comparable to the giant US field, Rocca said Wednesday. Vaca Muerta's oil production, currently at about 300,000 barrels a day, could grow to more than 1 million barrels in the next six or seven years, he added. Article content Article content “The problem is above the surface, the regulatory environment,” he said at the CERAWeek by S&P Global energy conference in Houston. Rocca, who has a net worth of $15 billion according to Bloomberg, said he thinks Milei will succeed in reducing the regulatory burden. “We have a lot of hope in the new pre
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- Tenaris: Underperformance, Now A 'HOLD' (Rating Downgrade) [Seeking Alpha]Seeking Alpha
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Earnings
- 4/25/24 - Beat
TS
Sec Filings
- 4/22/24 - Form 6-K
- 4/15/24 - Form 6-K
- 4/8/24 - Form 6-K
- TS's page on the SEC website