Raymond James analyst Pavel Molchanov noted that YPF shares have fallen about 30% today due mainly to the 25% drop in the peso following this weekend's primary round of Argentina's presidential election. He believes all Argentinean equities are subject to outsized volatility between now and the general election in October, but he thinks it seems unlikely that anything will fundamentally change for Argentina's energy sector based on what the leading candidates are saying, Molchanov tells investors. The analyst, who said today's drop "is purely reflective of the currency plunge and broader market selloff" rather than anything company-specific, keeps a Strong Buy rating on YPF shares.