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Pioneer Energy (PES) and Basic Energy (BAS) Rally on Rising NatGas Prices

By  +Follow January 14, 2014 9:55AM
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Natural gas futures extended their rally into Tuesday, with contracts for February delivery trading another 2 percent higher on expectations of lower stockpiles and, perhaps more significantly, forecasts that see the US’s unusually arctic winter staying put for the time being.

The NatGas rally translated into gains for a number of oil & gas stocks as well, including those of several companies listed on Equities.com Small-Cap Stars index. The most notable of these were the $605 million oil & gas services firm Basic Energy Services (BAS) , and the $504 million drilling & exploration outfit Pioneer Energy Services Corp. (PES) , both of which closed substantially higher on above-average volume.

Pioneer Energy Services (PES)

The San Antonio, Texas-based Pioneer provides support to major and independent drilling, exploration, and production companies in the US, and its roster of over 60 drill rigs operate in some of the most plentiful shale acreage in the US, including the Northeastern Appalachian Basin as well as in North Dakota and throughout Texas. Furthermore, on Jan 8, Pioneer announced the renewal of a contract to operate 8 of Colombian giant Ecopetrol SA’s (EC) domestic wells. The rise in natural gas prices in recent days has sent shares up over 6 percent on the week, hitting an intraday high of $8.50 a piece on Tuesday’s gains of over 3 percent.

Basic Energy Services (BAS)

Basic Energy, for its part, provides well-site services to US oil and gas producers, and also boasts of considerable expertise in unconventional reserves including, of course, shale oil & gas. BAS operates in the much of the same acreage as Pioneer, but has a substantially larger presence in both the Haynesville and Fayetteville plays in Louisiana and Arkansas.

Basic Energy’s gains on the day are not only tied to natural gas prices, however, as it released select operating data from December 2013. CEO Roe Patterson highlighted the company’s resilience in the face of harsh winter, saying "Despite the adverse winter weather impact throughout most of our footprint in early December, activity levels in all of our business segments were very consistent with what we experienced in November. Some customers attempted to catch up from the delays they experienced earlier in December, creating an uptick in activity through the year-end holiday period."

Furthermore, the company claimed that revenue shortfalls for the prior year would not be as significant as had previously expected. Shares for BAS were up nearly 8 percent ahead of the close, to an intra-day high of $16.14 per share.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for PES
MICHAEL FILLOON
27 Dec 14 21:56:35
Pioneer Energy downgraded by Global Hunter to accumulate$6.50PT http://t.co/9FEO3lilk3 $PES #PES via @RatingsNetwork http://t.co/wQxRXdY2Mr
TickerChirp
27 Dec 14 03:53:03
Hot Tweets Regarding $PES (Pioneer Energy Services symbol PES) on 12/27/2014 http://t.co/20Rcw8B9vG
$Stocknewsalerts
26 Dec 14 14:00:55
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Greg David
25 Dec 14 10:37:34
I want to give http://t.co/m2LNLuLe8I a shout out. Banked 125% last week thanks to them. You guys rock! $TPLM $SLM $PES
StockNewsWires
25 Dec 14 02:18:03
$PES: Global Hunter Securities Lowers Pioneer Energy Services Corp to ... http://t.co/34yR5HL2Nl http://t.co/zRQWiEZhO2
$Stocknewsalerts
24 Dec 14 14:00:42
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
John Turner
24 Dec 14 13:02:23
$PES Pioneer Energy Services Corp Lowered to "Accumulate" at Global Hunter ... http://t.co/Ujmcji72Gq
Chayton Falke
24 Dec 14 07:40:07
#Russell2000 #recent #market #exit #12: Sold $PES long for a 16.15% #gain in 5 days. #PES #forex #trading #stocks
StockNewsWires
24 Dec 14 06:38:05
$PES: Basic Materials Stocks to Track-Pioneer Energy Services (PES ... http://t.co/ONilLd2P5Q http://t.co/Xstb40IJnf
Harry Walkman
24 Dec 14 05:30:40
$PES Pioneer Energy Services Corp Lowered to "Accumulate" at Global Hunter ... http://t.co/UwgnZtsVjv
Chayton Falke
23 Dec 14 21:40:07
#Russell2000 #recent #market #exit #12: Sold $PES long for a 16.15% #gain in 5 days. #PES #forex #trading #stocks
DailyStockPicks
23 Dec 14 20:00:58
#microcap traders must read for 500% or more trading opportunity on ECIG $WNC $COCO $PES http://t.co/xi3978GuDs http://t.co/6LLPqPrIvS
MICHAEL FILLOON
23 Dec 14 15:04:21
Pioneer Energy downgraded by GlobalHunter to accumulate $6.50 PT http://t.co/5DOedpnPYx $PES #PES via @RatingsNetwork http://t.co/ucgCUgqgg3
$Stocknewsalerts
23 Dec 14 14:00:49
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Media Sentiment
23 Dec 14 13:53:33
$PES received a new alert. Find out why at http://t.co/5lwmDm2SCs #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 355
4-traders.com
23 Dec 14 13:50:16
#Pioneer Energy Services : Franklin C. West to Retire Effective January 1, 2015 http://t.co/oESkCd2QeJ $PES
WallStreetConsensus
23 Dec 14 12:12:17
Downgrades 12/23: $AVP, $KEG, $NBR, $PKD, $HP, $HAL, $BAS, $PTEN, $PES, $ACHN http://t.co/0Ph1n4zNYS
Harry Walkman
23 Dec 14 08:31:35
$PES Pioneer Energy Services Corp Given Consensus Recommendation of "Hold" by ... http://t.co/j3Bf811JsK
Lucretia
23 Dec 14 08:31:34
$PES Pioneer Energy Services Corp Lowered to “Accumulate” at Global Hunter ... http://t.co/AOthvmwRXW
BTC ฿ite
23 Dec 14 06:18:21
I played a shit tone of P&D Coins... $ROX, $VOOT, $OC, $DSB, $PES, $VAULT, $DOPE, $XCASH, $SUPER, $LTCD, $SYS & more. #CryptoConfessions
Karl Eggerss
23 Dec 14 05:33:58
Street #downgrades: $BAS $WFT $PES $PKD $AVP $NSLP $LRE $BBEP $KEG $HERO $BBEP 4NSLP $ACHN $RIG $DO $BHI $HAL $BAS
Stocks to Buy
23 Dec 14 04:12:27
Global Hunter downgrades several drilling/energy stocks - $PES $PKD $KEG $BAS $WFT $HAL $BHI $PTEN $HP $DO $NBR $HERO
Media Sentiment
23 Dec 14 04:10:13
$PES received a new alert. Find out why at http://t.co/5lwmDm2SCs #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 23
SIAnalystWire
23 Dec 14 04:07:43
Global Hunter Securities Downgrades Pioneer Energy Services Corp $PES to Accumulate http://t.co/KK0PwPwzxh
$Stocknewsalerts
22 Dec 14 14:00:56
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Day Trade Alerts
22 Dec 14 13:01:15
#GazerAlerts Alert results: $ADXS +14% $CNET +44% $JRJC +0% $MPO +12% $PES +4% | via http://t.co/LQqutRgraR
Stock Horizon LLC
22 Dec 14 13:00:07
Alert results: http://t.co/WPM5Iz7C03 $ADXS +14% $CNET +44% $JRJC +0% $MPO +12% $PES +4%
Day Trade Alerts
22 Dec 14 12:00:53
#GazerAlerts Alert updates: $ADXS +14% $CNET +44% $MPO +12% $PES +4% | via http://t.co/LQqutRgraR
Stock Horizon LLC
22 Dec 14 12:00:05
Alert updates: $ADXS +14% $CNET +44% $MPO +12% $PES +4% http://t.co/xTpy1d31ui
Day Trade Alerts
22 Dec 14 08:03:08
#GazerAlerts Alert updates: $CNET +44% $MPO +12% $PES +4% | via http://t.co/LQqutRgraR
Stock Horizon LLC
22 Dec 14 08:00:05
Alert updates: $CNET +44% $MPO +12% $PES +4% http://t.co/xTpy1d31ui
Day Trade Alerts
22 Dec 14 07:40:57
#GazerAlerts $PES triggered SHORT, hit 1st predicted move @ $5.46. Alerted 09:38 @ $5.68. | via http://t.co/LQqutRgraR
Stock Horizon LLC
22 Dec 14 07:37:51
$PES triggered SHORT, hit 1st predicted move @ $5.46. Alerted 09:38 @ $5.68. http://t.co/1XkdRNfDNw
Alexander Morris
22 Dec 14 07:35:03
$PES: Waterfall-:1 [-11%,13%offHi], 9:3Accel-, tf:0111110; TLM:0.7; ILM:0.6, 1WkHi-, DyVol:305T:0.1x:0.1x, DyRng:10.6%:1x:1.1x,
Jeffrey Blake
22 Dec 14 05:32:05
$PES Pioneer Energy Services Corp's "Hold" Rating Reiterated at Goldman Sachs (PES) http://t.co/5ljHza1lwM
Greg David
21 Dec 14 20:45:33
I want to give http://t.co/m2LNLuLe8I a shout out. Banked 125% last week thanks to them. You guys rock! $TPLM $SLM $PES
Greg David
21 Dec 14 15:04:03
I want to give http://t.co/RMvVXoiPW9 a shout out. Banked 125% last week thanks to them. You guys rock! $TPLM $SLM $PES
				
				
By  +Follow January 14, 2014 9:55AM
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