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00:02Palantir chair and co-founder Peter Thiel bought a 1% stake in Argentine oil producer
00:06Vista through his Thiel Macro Hedge Fund, according to an SEC filing.
00:10The fund purchased about 1.2 million American depository shares, worth roughly $76 million.
00:16The investment comes four months after Thiel met with Argentine president Javier Millay,
00:20with Millay later saying they discussed economic policies and opposition to wealth taxes.
00:24Vista operates in Argentina's Vaca Muerta shale formation and currently produces 160,000 barrels of oil equivalent per day.
00:31The company has invested more than $6.5 billion in Argentina and raised its investment and production outlook for Vaca
00:38Muerta in May.
00:38For all things money, visit Benzinga.com.
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