Palantir chairman and hedge fund owner Peter Thiel bought a 1% stake in one of the biggest companies operating in the Vaca Muerta shale formation in Argentina in the latest evidence of the play’s prospects as the world’s second-largest shale oil and gas deposit amid a global crunch. Thiel bought the stake in Vista in the form of American depositary shares worth $76 million, according to a security filing cited by Reuters. The purchase came four months after a meeting between the venture capitalist and Argentina’s president, Javier…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.