10 Best Stocks to Buy According to Howard Marks’ Oaktree Capital Management

8. Vista Energy, S.A.B. de C.V. (NYSE:VIST)

Oaktree Capital Management’s Q4 Stake: $124.1 million

Number of Hedge Fund Holders: 18

Vista Energy S.A.B. de C.V. (NYSE:VIST), previously known as Vista Oil & Gas SA de CV, is an energy company established in Mexico. The company specializes in the identification, purchase, and development of oil and gas reserves throughout Latin America, particularly in Mexico, Argentina, Brazil, and Colombia.

On January 3, UBS analysts downgraded Vista Energy S.A.B. de C.V. (NYSE:VIST) from Buy to Neutral, but raised their price target to $64 from $60. The firm observed that the market may already have factored in Vista Oil & Gas’s expected better performance over the next two years. UBS praised the company’s solid management and operational performance, deeming it among the finest in the Latin American oil and gas industry.

Vista Energy S.A.B. de C.V. (NYSE:VIST) recently announced joining the Vaca Muerta Sur Project, a crude oil export pipeline initiative with YPF S.A., Pampa Energía S.A., and Pan American Sur S.A. The project, which is planned to begin operations in 2027, includes a 437-kilometer pipeline capable of transporting up to 550,000 barrels of crude oil per day, with the capacity to expand to 700,000 barrels. Vista Energy has acquired a minority part in the project with a total estimated investment of $3 billion.