Quartz·1 min read·medium

Peter Thiel's hedge fund bought a stake in Argentine shale oil producer Vista Energy, sending the stock surging

Cris Tolomia
AI Summary

Peter Thiel's investment firm, Thiel Macro LLC, has acquired a significant stake in the Argentine shale oil producer Vista Energy. Following the disclosure of the 1.2 million share purchase, the company's stock price rose by over 5% in premarket trading.

Thiel Macro LLC disclosed owning nearly 1.2 million Vista Energy ADS as of June 30, sending the stock up more than 5% in premarket trading Monday

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