Shares of Vista Energy (VIST) climbed after Peter Thiel, co-founder and chair of Palantir Technologies (PLTR), disclosed a roughly 1% stake in the Argentine oil and gas producer. Thiel Macro LLC spent about $76 million to acquire roughly 1.2 million American depositary shares, making Vista Energy its second-largest holding behind Amazon (AMZN) and its only non-U.S. stock.
The stake also comes as Thiel deepens his ties to Argentina. He met President Javier Milei at the presidential palace about four months before the filing, and Milei said they discussed economic policy and their opposition to wealth taxes. Argentine media have also reported that Thiel bought a home in an upscale Buenos Aires neighborhood.
