Chevron and Shell Eye Stake in Argentina's Vaca Muerta Project [Yahoo! Finance]
BP p.l.c. (BP)
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Source: Yahoo! Finance
project to boost crude oil exportsfrom its promising shale fields. Both companies are in conversation with a consortium of companies led by YPF Sociedad Anónima YPF to build a new transcontinental pipeline and a floating Atlantic terminal that would transform Argentina's oil export potential. Investment in the shale project by big oil players like CVX and SHEL, both carrying a Zacks Rank #3 (Hold) currently,would signify more foreign investments from companies around the globe, which were restricted till now due to Argentina's restricted capital investment regulations. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Vaca Muerta, known for playing a pivotal role in turning Argentina into a powerhouse of energy, has the second-largest shale gas reserve worldwide. The shale patch has the potential to cut back Argentina's dependence on oil and gas imports. The proposed pipeline under the YPF-led Vaca Muerta Sur project would transport half a mi
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