Peter Thiel reports stake in Argentine shale oil exporter Vista
Peter Thiel’s hedge fund acquires a sizeable stake in Vista Energy SAB, Argentina’s top oil exporter, increasing his ties to the country. Leer más
Peter Thiel's hedge fund, Thiel Macro LLC, has recently acquired a significant stake in Vista Energy SAB, the leading Argentine oil exporter. The value of Thiel Macro LLC's position in Vista, which amounted to approximately US$76 million as of June 30, is the second largest in the fund's holdings after Amazon.com Inc. This investment comes just after Thiel purchased a mansion in Buenos Aires, increasing his ties to Argentina following his meeting with President Javier Milei.
Milei, who is known for his libertarian views, is implementing free-market reforms in the country. Thiel, a libertarian himself, met with Milei to discuss the sustainability of these reforms and potential wealth taxes. Vista, founded in 2017, has rapidly grown to become Argentina's largest oil exporter, producing around 160,000 barrels of oil and gas daily.
With further expansions planned and the Vaca Muerta shale basin finally showing significant production, international investors like Chevron and Harold Hamm are showing interest in Argentina's oil sector.
Written by urgent.news from Buenos Aires Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
