YPF Sociedad Anónima (NYSE:YPF ) Q2 2024 Earnings Conference Call August 9, 2024 9:00 AM ET Company Participants Margarita Chun - Investor Relations Manager Horacio Marin - Chief Executive Officer Federico Barroetavena - Chief Financial Officer Conference Call Participants Bruno Montanari - Morgan Stanley Luis Carvalho - UBS Vicente Falanga - Bradesco Alejandro Demichelis - Jefferies LLC Andres Cardona - Citi Marina Mertens - Latin Securities Leonardo Marcondes - Bank of America Merrill Lynch Operator Thank you for standing by. My name is Mandeep, and I will be your operator today.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
YPF Sociedad Anónima stock has increased by over 95% since the 2023 Argentinian presidential election results. The new government's ambitious target of reducing the budget deficit has led to significant spending cuts, particularly in non-discretionary spending. YPF has potential tailwinds, including record-high oil production in the Neuquen region and the construction of a new oil pipeline, which could be major catalysts for the company.