Skip to contentHome page Seeking Alpha - Power to InvestorsArgentinaDec. 06, 2025 5:10 AM ETPampa Energía S.A. (PAM) StockEliana Scialabba1.56K FollowersCommentsSummaryPampa’s Q3 confirmed accelerating shale growth, improving margins, and a stronger portfolio mix, supporting my buy stance as the company transitions from resilience to structural expansion.Management guides for sharp production increases through 2026-2027, alongside declining lifting costs and a heavy capex cycle fully supported by a solid balance sheet.Despite a 30% rally since August, Pampa still trades at a meaningful valuation discount while delivering stronger projected growth in EPS, EBITDA and revenue than its sector.Risks remain tied to Argentina’s volatility, elevated capex, and Brent exposure, yet none meaningfully undermine the long-term investment thesis.mysticenergy/E+ via Getty ImagesWhen I published my previous article on Pampa Energía (PAM) in late August, the ADR was trading at around $70, and at that time, my position was buy. The elections were still two months away, and the market wasThis article was written byEliana Scialabba1.56K FollowersI’m an economist and independent investor from Argentina. I focus on connecting macroeconomic dynamics with company-level valuation to identify long-term opportunities. Living in Argentina gives me a firsthand view of one of the most complex and dynamic markets, which allows me to cover local assets in depth while also analyzing broader Latin American and global trends. My investment approach blends deep value with a long-term perspective, centered on underfollowed names and structural stories in leading companies. All views are personal and not financial advice.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsQuick InsightsPampa is entering a fast expansion phase driven by shale oil, stronger margins and improving regulation.Yes, the article reiterates a Buy rating on Pampa Energía.Recommended For YouTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.