Vista Energy initiated with a Buy at BofA on Vaca Muerta exposure

As previously reported, BofA analyst Leonardo Marcondes initiated coverage of Vista Energy with a Buy rating and $70 price target. Vista is an independent oil and gas company with operations mostly concentrated in Argentina, notes the analyst, who points to high exposure to Vaca Muerta, the management team’s positive track record and an improving regulatory framework in Argentina as the “main pillars of our positive thesis.”