Long Position on VIST @ $29.00 on 10/30/2023 (Momentum)

Vista Oil & Gas, S.A.B. de C.V. (VIST) is engaged in the energy sector. 

It focuses on the identification, acquisition and development of oil and gas fields primarily in Mexico, Argentina, Brazil and Colombia. Vista Oil & Gas, S.A.B. de C.V. is based in Mexico.

In addition, the company involved in drilling and workover activities located in Argentina. 

The company was formerly known as Vista Oil & Gas, S.A.B. de C.V. and changed its name to Vista Energy, S.A.B. de C.V. in April 2022. 

The Company reported quarterly earnings of $1.29 per share, beating the Consensus Estimate of $1.16 per share. This compares to earnings of $0.92 per share a year ago. It posted revenues of $289.69 million for the quarter ended September 2023. 

Shares are heading higher in an upward trading channel. Higher share prices are expected. 

Entry Point: $29.00

Stop Loss: $27.50

Trading Range: $11.69 to $33.09

Target Price: $32.00

Position closed on 11/8/2023 at price of $27.50 with a -5.17% loss in 8 days.

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