Why These Energy Stocks Are Losing This Week

3. Transportadora de Gas del Sur S.A. (NYSE:TGS

Share Price Decline Between Sep 5 – Sep 12: 20.23%

Transportadora de Gas del Sur S.A. (NYSE:TGS) engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally.

Transportadora de Gas del Sur S.A. (NYSE:TGS) was among the Argentinian stocks that dipped heavily following reports of President Javier Milei’s party losing heavily in local elections, stoking investor concerns over his administration’s ability to implement its major economic reform agenda. There are apprehensions that the larger-than-expected defeat could derail Milei’s return to global markets to refinance dollar debts in the coming months.