Is Irsa Inversiones y Rprsntcins (IRS) A Good Stock To Buy?
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do (like Melvin Capital’s recent GameStop losses). However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, as the current round of 13F filings has just ended, let’s examine the smart money sentiment towards Irsa Inversiones y Rprsntcins SA (NYSE:IRS).
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As oil continues to soar and approaches $70 a barrel, shares of many stocks in the energy sector have rallied as well. Some appear to be poised to keep .
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The company was producing 43,000 boe/d on April 28, higher than its 40,000 boe/d expected exit rate for 2021, Galuccio said in a conference call with investors for the Mexico City-based company s first-quarter financial results.
In February, Vista set a target to reach average oil and natural gas production of 37,000 boe/d to 38,000 boe/d this year and end the year at 40,000 boe/d, led by the development of Bajado de Palo Oeste, its biggest block in Vaca Muerta. Of the total oil production, 90% is coming from Vaca Muerta, Galuccio said.