Vista Energy shares rose in premarket trading after it was revealed that billionaire Peter Thiel's hedge fund had acquired a stake in the Argentine company:
- Vista Energy is the largest independent energy company in Argentina, developing shale oil in Vaca Muerta;
- Thiel Macro LLC reported this as its second-largest disclosed position after Amazon;
- Thiel relocated to Argentina with his family earlier this year.
Thiel Macro LLC disclosed ownership of nearly 1.2 million American Depository Shares of Vista Energy, valued at about $76 million:
Vista Energy was last seen up 5.4% in premarket trading:
This investment marks Thiel's fund's second-largest disclosed position after Amazon, where Thiel Macro owned 495,000 shares valued at approximately $118 million:
Vista Energy has invested over $6.5 billion in Argentina:
Since arriving in April, Thiel has met with several senior members of President Javier Milei's government.
