The CEO of YPF, Horacio Marín, celebrated the recent and historic investment made by American magnate Stanley Druckenmiller in shares of the Argentine oil company, in a transaction that reflects the interest of large international funds in the country's energy sector under the Government of Javier Milei.
Marín not only celebrated the influx of capital but also provided details about the prior relationship with the investor, highlighting the level of analysis that preceded the decision.
“He is a multibillionaire, an investment guru. Last year I went to a meeting with him, and he asked me questions for about an hour to an hour and a half, everything 4x4, why, what he was going to do, how it was, everything. I know he bought a little at that time. And the other day he bought heavily,” he expressed.
The operation, completed during the first quarter of 2026, involved the purchase of more than three million shares of YPF for an amount of 142 million dollars. This move represented a 433% increase in the investor's position compared to the previous quarter, according to filings with the U.S. Securities and Exchange Commission (SEC).
The impact on the market was quick to manifest. YPF's ADR on Wall Street recorded an 8.8% rise, reaching USD 47.49, marking a historic high when considering the adjustment for dividends distributed in previous years. Without that calculation, the current value represents the highest level since March 2011, before the company's expropriation process in April 2012.
Horacio Marín on Stanley Druckenmiller.
The growth of the stock also responds to a combination of factors that strengthened the company's position in 2026. Among them, the favorable results in the company's balance sheet under Marín's leadership, the favorable ruling for Argentina in the lawsuit related to the nationalization of YPF in the United States, and the strong increase in the international price of oil stand out.
Druckenmiller's bet positioned YPF as one of the most relevant assets within his global portfolio. With a stake of 3,235,962 shares, the company ranked as the fourth most important asset in his fund, only behind Natera, Insmed, and the Taiwanese firm TSMC.
This move reinforces the growing attention of international investors on Argentina's energy potential under Milei's Government, particularly regarding the development of Vaca Muerta and the country's export capacity in the medium term.
