Mentioned:
VIST -3.28% AMZN -0.71%

Peter Thiel’s hedge fund is making a new bet: oil production in Latin America.

What’s happening:

  • Peter Thiel’s hedge fund Thiel Macro has taken a $76M USD equity stake in shale oil and gas producer Vista Energy (NYSE: VIST)

By the numbers:

  • Thiel Macro owns 1.19M American Depository Shares in Vista Energy which makes it their second largest holding behind Amazon (NASDAQ: AMZN)

Why it matters:

  • This is the first time ever that Thiel Macro has publicly disclosed they have taken an equity position in a publicly traded shale oil and gas producer

Going deeper:

  • Vista Energy's operations are concentrated in Mexico and Argentina and is one of the largest independent oil producers in Latin America
  • Peter Thiel’s venture capital fund Founders Fund has continued to aggressively place bets on energy startups, including notably leading a $140M USD round for ocean technology company Panthalassa