Billionaire Peter Thiel buys 1% stake in Argentine Vaca Muerta oil firm, filing shows
Thiel Macro LLC reported 1.2 million American depositary shares worth about $76 million, making Vista its second-largest disclosed holding.
- On Friday, a U.S. Securities and Exchange Commission filing revealed that Peter Thiel's hedge fund, Thiel Macro LLC, acquired a 1% stake in Vista Energy valued at about $76 million, consisting of roughly 1.2 million American Depositary Shares.
- Thiel's relocation to Buenos Aires, where he purchased a $12 million mansion, preceded his multiple meetings with President Javier Milei to discuss free-market reforms and economic policies since arriving earlier this year.
- News of the stake boosted Vista's American Depositary Shares by roughly 5% in premarket trading on Monday, as the company develops Argentina's Vaca Muerta shale formation, currently producing 160,000 barrels of oil equivalent per day.
- Six of Thiel Macro's seven new positions disclosed in the $418.7 million portfolio are in energy or utility companies, reflecting a strategic shift away from software toward physical infrastructure that Thiel argues Western capital has neglected.
- Scheduled to keynote the "Winds of Change" forum in Buenos Aires on September 1, Thiel's appearance reflects ideological synergy with Milei's administration as the government seeks foreign capital to transform natural resource sectors including oil and lithium.
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Technological mogul Peter Thiel, founder of companies such as PayPal, Palantir and who had a meeting with President José Antonio Kast in May, bought shares of the Argentine oil company Vista, the largest exporter of crude from Vaca Muerta, the huge and strategic formation of unconventional hydrocarbons from southwestern Argentina. The company is a ... Continue reading "Millionaire who met with Kast buys shares of Argentine oil that has business …
Peter Thiel Makes $76 Million Bet On Argentina’s Top Shale Exporter Amid Milei Reforms
Peter Thiel Makes $76 Million Bet On Argentina’s Top Shale Exporter Amid Milei Reforms Vista Energy SAB’s American depositary receipts are up 5% Monday on news that Peter Thiel’s hedge fund disclosed a $76 million stake in Argentina’s largest oil exporter. Thiel Macro LLC reported owning almost 1.2 million shares of Vista at the end of the second quarter, valued at about $76 million. This was the fund’s second-largest disclosed holding after Am…
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Vista Energy up 5% after Peter Thiel’s hedge fund buys stake in Argentine shale oil producer
Vista Energy up 5% after Peter Thiel’s hedge fund buys stake in Argentine shale oil producer Click this link for the original source of this article. Author: CNBC This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered...
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