Explores and produces oil and natural gas across Latin America, primarily in Argentina's Vaca Muerta shale and Mexico, selling crude and gas into regional markets.
Revenue USD 2.47B (2025); gross margin 47.49%, net margin 29.06%. Money is recurring from commodity sales with high operating leverage—when oil/gas prices rise, margins expand dramatically (2023 net margin 33.96% vs 2025 Q1 at 11.92%).
Holds 183,100 acres in Vaca Muerta, one of world's largest shale reserves, plus proved reserves of 181.6 MMBOE—hard to replicate. Moat eroding: commodity prices and geopolitical risk (Argentina's economic instability, Mexico's energy policy shifts) compress ma
Strong Buy (sector percentile 99) — value B+, growth A-, profitability A-, momentum B, revisions A+. Updated daily, sector-relative, identical for every user.
Key events, in time order
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Peter Thiel is reportedly re-entering the market after a previous exit, with speculation about his new investment focus. This marks a shift from his prior perceived bearish stance.
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