Goldman Sachs initiated coverage of Vista Energy (VIST) with a Buy rating and $65.40 price target implying 23% upside. The firm is bullish on Argentina oil production, which it believes could double by 2030. Vista is an independent oil producer with the great majority of output extracted in the formation of Vaca Muerta, Argentina, the analyst tells investors in a research note. Goldman expects the company to keep momentum and expand oil production 17% annually through 2030.
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