Pampa Energia Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Pampa Energia (NYSE: PAM  ) shares jumped 12% today after Argentina's former president died.

So what: It may be morbid, but the stock is up on news of Nestor Kirchner's death. The news pushed Argentinean stocks higher, including energy cousin Empressa Distribuidora (NYSE: EDN  ) .

Now what: Investors were not a fan of Kirchner, and his death brings speculation that Argentina may join the International Monetary Fund. Considering there is no news from the company itself, I would be hesitant buying on a speculative move. I will wait until there is real news that Argentina is joining the IMF, which could take awhile. 

Interested in more info on Pampa Energia? Add it to your watchlist by clicking here.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his Motley Fool CAPS picks at TMFFlushDraw.

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EDN $24.10 Up +1.10 +4.78%
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Pampa Energia CAPS Rating: **