YPF shares plunge 12% on Wall Street

Guillermo Nielsen’s departure from the presidency of YPF continues to affect the oil company’s share price. The stock fell 11.8% on the New York Stock Exchange on Thursday, bringing the company’s total stock market valuation to less than $1.3 billion, a floor never been reached before, not even during the expropriation of 51% of the company in April 2012. Since Monday, when rumours of Nielsen’s possible resignation began, the stock has fallen 19% and is down 35% in a month.

Source: Clarín