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What: Pampa Energia
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
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.
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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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