Vista to Propose New Argentina Shale Acquisition to Shareholders
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Vista Energy SAB, one of Argentina’s top oil producers, is looking to acquire new assets in the booming Vaca Muerta shale patch and may fund a purchase by selling equity.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Vista Energy SAB, one of Argentina’s top oil producers, is looking to acquire new assets in the booming Vaca Muerta shale patch and may fund a purchase by selling equity.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.Vista has called a shareholder meeting for Jan. 27 where it will propose carrying out one or more acquisitions, according to a regulatory filing. The meeting is not intended to discuss a specific acquisition, according to a company spokesman.The meeting will also consider funding all or some of the potential acquisitions through a share issuance, which may be American depositary shares, the filing said.Vista boosted its shale portfolio just eight months ago by buying acreage from Malaysia’s Petronas in a deal whose net present value was about $1.3 billion.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Dealflow in the Vaca Muerta has picked up considerably under libertarian President Javier Milei, who’s ripping away controls that for years held back investments. Milei is also now moving to open up his marquee investor incentives program to crude oil drilling and production.Vista has a stake in Argentina’s signature shale oil export project, called VMOS, a pipeline and port that are being built and should be ready to ship barrels in roughly a year.Several Argentine companies are eyeing initial public offerings or follow-on share sales in the US after Milei’s resounding victory in midterm elections opened a path for him to deepen free-market reforms. Vista, which originally listed in Mexico, sold equity in New York in 2019.Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2025 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.