Soros Doubles YPF Stake in Argentina’s Nascent Shale Boom
https://www.businessweek.com/news/2014-08-14/soros-adds-to-ypf-trims-teva-exits-monster-in-quarter YPF produces into ArPetrol's Plant .. YPF would be a good candidate for joint venture for RPT. George Soros’s $28 billion family office more than doubled its stake in YPF SA, making Argentina’s state-controlled oil company its biggest U.S.-traded stock holding in the second quarter. Soros Fund Management LLC added 8.47 million shares of YPF, according to a regulatory filing today, bringing its total position to 3.5 percent of the company’s American depositary receipts. The position was worth $450 million at the end of June, making Soros the fourth biggest holder. Perry Capital, the $10.9 billion hedge-fund firm run by Richard Perry, and Dan Loeb’s Third Point LLC also added significantly to YPF in the second quarter. YPF, control of which was seized by Argentine President Cristina Fernandez de Kirchner in 2012, is steering its efforts into some of the world’s largest shale oil and gas deposits in the Vaca Muerta formation along with Chevron Corp. to reverse a widening energy deficit. The Buenos Aires-based company said today it made a shale discovery in Mendoza province, its third non-conventional find in South America’s second-largest economy.