Peter Thiel landed in Vaca Muerta with an investment of USD 76 million in Vista Energy
The American magnate bought about 1% of the shares of the Argentine oil company
In April, Thiel met with President Javier Milei. Both share a ideological affinity related to libertarian thought.
During that meeting, as Milei explained, the American investor inquired about the possibilities of the economic reforms promoted by the Argentine Government being able to be sustained over time.
Now, the acquisition of shares in Vista represents his first direct investment in a company linked to the development of Vaca Muerta.
Thiel is one of the most well-known tech entrepreneurs in the United States. He was one of Facebook's first investors and participated in the creation of PayPal, in addition to being the main shareholder of Palantir.
Palantir is a company specialized in intelligence and analysis of large volumes of data that maintains important contracts with security and defense agencies of the United States Government.
The American tech mogul Peter Thiel made his first investment in Vaca Muerta by purchasing a stake of nearly 1% in Vista Energy, the largest oil exporter in Argentina.
The operation, valued at approximately USD 76 million, deepens the businessman’s ties with the country and occurs in a context of opening the energy sector to capital.
According to Bloomberg, the hedge fund Thiel Macro LLC reported that at the close of the second quarter it held nearly 1.2 million shares of Vista. This information was disclosed through a regulatory filing made in the United States.
The document submitted to the Securities and Exchange Commission (SEC) also showed the weight that the Argentine oil company acquired within the portfolio declared by the fund. At that time, Vista constituted the second largest position of Thiel Macro LLC, only behind Amazon.com Inc.
Another noteworthy detail of the operation is that Vista was the only non-American company included among the firms declared in the fund's portfolio.
The investment in Vista adds to other recent moves by Thiel that show a growing interest in Argentina. The businessman bought a mansion in Buenos Aires, spent time in the country this year, and enrolled his daughters in schools in the City of Buenos Aires.