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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
$Stocknewsalerts
30 Sep 14 14:03:30
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
John Ablemann
30 Sep 14 11:32:08
$PES Pioneer Energy Services Corp Receives New Coverage from Analysts at GMP ... http://t.co/W8aEnaOvk4
John Ablemann
30 Sep 14 06:30:57
$PES Pioneer Energy Services Corp Receives Average Recommendation of "Buy ... http://t.co/EzW9VyfUtd
Zonebourse News
29 Sep 14 23:50:06
Allemagne/Indicateurs-Forte hausse des ventes au détail en août http://t.co/rGeF5ePOfG $PES
$Stocknewsalerts
29 Sep 14 14:01:17
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
John Turner
29 Sep 14 10:30:39
$PES Pioneer Energy Services Corp Receives Average Recommendation of "Buy ... http://t.co/jXihOoBtTh
Irma Doucet
29 Sep 14 05:30:32
$PES Pioneer Energy Services Corp Receives Average Recommendation of "Buy ... http://t.co/FlxYEurWlZ
The Fly
29 Sep 14 05:24:56
$PES Pioneer Energy aims to add 16 well servicing rigs, 8 wireline units in FY15: Full Story http://t.co/It4sd5q4jA
$Stocknewsalerts
29 Sep 14 05:15:13
$PES New SEC Filing for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
4-traders.com
29 Sep 14 05:00:05
PIONEER ENERGY SERVICES : Regulation FD Disclosure (form 8-K) http://t.co/YOcwuaLAPB $PES
BV Basic Materials
29 Sep 14 04:59:06
$PES Pioneer Energy Services Corp files Form 8-K (Events or Changes Between Quarterly Reports) SEC Fil.. http://t.co/hGS4aan0KL
Instrumental Data
29 Sep 14 04:58:16
PIONEER ENERGY SERVICES CORP $PES 8-K now available
NASDAQ
29 Sep 14 04:58:05
$PES - Current Report Filing (8-k) http://t.co/GgFPWHNXr2
Stocks News&Markets
29 Sep 14 04:58:03
$PES - Current Report Filing (8-k) http://t.co/FHRqjG3w7E
4-traders.com
28 Sep 14 23:10:57
Basic Energy Services : Acquires Pioneer Fishing and Rental http://t.co/rUtsMw4e4m $BAS $PES
Ben Silverberg
28 Sep 14 08:03:37
$PES B/O upper T/L Falling Wedge, look for continuation, S 14.02 with Stop 13.42, R 14.36, PT 18.75 http://t.co/Hd6h2FjWNB
Media Sentiment
27 Sep 14 16:09:51
$PES received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 26
Woll Street
27 Sep 14 16:07:30
https://t.co/249E5AHh1b $PES descending wedge breakout setup 14.70 and 15.29 initial targets if so...
Phil Martin
27 Sep 14 08:45:02
$PES http://t.co/rDoMftTgIT
FonsieTrader
27 Sep 14 07:18:15
Bullish MACD Crossovers 3/4 $PCLN $PENN $PES $POL $POST $PRGS $RHP $RSPP $RVLT $RYAM $SHW $SNI $SNMX http://t.co/awbvfL4xox
$Stocknewsalerts
26 Sep 14 14:01:14
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
$Stocknewsalerts
26 Sep 14 13:50:25
$PES New SEC Filing for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
NASDAQ
26 Sep 14 13:36:08
$PES - Registration Statement for Securities to Be Issued in Business Combination Transactions (s-4/a) http://t.co/eEVdnjhebk
Stocks News&Markets
26 Sep 14 13:36:06
$PES - Registration Statement for Securities to Be Issued in Business Combination Transactions (s-4/a) http://t.co/YGpOVPZuOT
Eli Pritsker
26 Sep 14 06:25:31
RT @Trebeculous: Even after yesterday there's still some healthy charts out there - $ARNA $CLST $ECYT $FORM $ICLD $LTS $PES $OPK $PTX $SNSS
Alex
26 Sep 14 06:23:32
Even after yesterday there's still some healthy charts out there - $ARNA $CLST $ECYT $FORM $ICLD $LTS $PES $OPK $PTX $SNSS
Harry Walkman
26 Sep 14 05:32:02
$PES Pioneer Energy Services Corp Receives Average Recommendation of "Buy ... http://t.co/oZxbZv0MiF
InterCooler
26 Sep 14 04:51:44
Wells Fargo & Co. Initiates Coverage on Pioneer Energy Services Corp $PES http://t.co/AmHlnDzL8B
$Stocknewsalerts
25 Sep 14 14:01:17
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Mauricio Fernandes
25 Sep 14 13:27:09
@btcbite Agree, $pes has a good dev, I bet too in $silk team work in silence but a lot of progress https://t.co/BMnyBUNZ6d
BTC ฿ite
25 Sep 14 13:14:03
AND let me give you more reasons with $PES. It's a 100% pure gamble call. No TA and volume is dead atm. http://t.co/2fOye4Ansy
BTC ฿ite
25 Sep 14 13:07:55
I was checking old altcoins that I thought were dead. $PES is still active and they're going to ann something next week. Wont invest tho.
MarketScreener
25 Sep 14 07:02:20
Pioneer Energy Services Corp: The stock is testing the support of a trading range. $PES http://t.co/UsT6XfWieO http://t.co/5Gs89kNkwI
4-traders.com
25 Sep 14 04:05:03
Pioneer Energy Services : to Present at the Johnson Rice 2014 Energy Conference in New Orleans http://t.co/e5CjmyO23R $PES
BV Basic Materials
25 Sep 14 04:03:26
$PES Pioneer Energy Services to Present at the Johnson Rice 2014 Energy Conference in New Orleans.. http://t.co/mnPkOsSvAK
Stocks News&Markets
25 Sep 14 04:03:04
$PES - Pioneer Energy Services to Present at the Johnson Rice 2014 Energy Conference in New Orleans http://t.co/atR93j4cZj
$Stocknewsalerts
25 Sep 14 04:01:46
$PES Pioneer Energy Services to Present at the Johnson Rice 2014 Energy Conference in New Orleans From our Stock News Alerts App
#Altcoin Devvie
24 Sep 14 19:14:36
RT @flyingheadofbtc: My ego could really do well with another x10 right now.. $SSD $GNS $IOC $PES $ICG $VIA $XCASH $ROOT $SDC $STER
crypto nut
24 Sep 14 16:56:37
RT @flyingheadofbtc: My ego could really do well with another x10 right now.. $SSD $GNS $IOC $PES $ICG $VIA $XCASH $ROOT $SDC $STER
Flying Head Of BTC
24 Sep 14 15:16:26
My ego could really do well with another x10 right now.. $SSD $GNS $IOC $PES $ICG $VIA $XCASH $ROOT $SDC $STER
$Stocknewsalerts
24 Sep 14 14:17:54
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Thomas Collins
24 Sep 14 10:31:21
$PES Wells Fargo & Co. Begins Coverage on Pioneer Energy Services Corp (PES) http://t.co/PcX9VeCIRr
Ben Silverberg
24 Sep 14 09:40:49
Wells Fargo high on Oil Services Sector $OIH, initiates $HAL $PES $PTEN $SLB with "OP" ratings, and $SPN $WFT with "MP" ratings
Ticker Report
24 Sep 14 08:01:56
Wells Fargo & Co. Begins Coverage on Pioneer Energy Services Corp $PES http://t.co/63FFlGU8O6
The Fly
24 Sep 14 06:59:37
$AEE $ALV $BK $BURL $CAM $CLGX $FTI $FNFV $FNF $FAF $FCX $HP $AWAY $IMS $NBR $NOV $NTRS $PACD $PGN $TEN $PES $... http://t.co/Y4cFjjvGTi
MarketScreener
24 Sep 14 06:52:17
Pioneer Energy Services Corp: The stock is testing the support of a trading range. $PES http://t.co/UsT6XfWieO http://t.co/9j8YbbQ50r
US Banking News
24 Sep 14 05:24:18
Pioneer Energy Services Corp Coverage Initiated by Analysts at Wells Fargo & Co. $PES http://t.co/Ys23Kqoqtd
Analyst Ratings
24 Sep 14 04:34:48
Pioneer Energy Services Corp initiated by Wells Fargo & Co. at outperform. http://t.co/DRZrbAwzMx $PES #PES
US Consumer News
24 Sep 14 04:34:24
Pioneer Energy Services Corp initiated by Wells Fargo & Co. at outperform. http://t.co/0lBwzjD1qY $PES #PES
Harry Walkman
23 Sep 14 14:31:32
$PES Pioneer Energy Services Announces the Redemption of its Remaining 9 ⅞ ... http://t.co/Kjy5soMY9L
				
				
By  +Follow January 14, 2014 9:55AM
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