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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.

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Results for PES
Código Financiero
29 Jul 15 09:02:39
RT @AMcCaig_IG: New #TradeShares http://t.co/ZQnUU98Yac $SBSI $FCG $FXS $XUE $IEXF $NYMX $MNOV $JOUT $PES Losses can exceed deposits http:/…
ENGIN BUYUKARSLAN
29 Jul 15 08:16:43
$RJET was nice run without news. I think Short was covering.. Lets make the run for $Cala and $Pes next:) Also watching $fate for any bounce
HonestTrade
29 Jul 15 07:52:14
RT @EBUYUKARSLAN: Look like Shorts are burning in $PES lol.. Earning tomorrow guys.. I am leaving $ITEK now. go after $pes
ENGIN BUYUKARSLAN
29 Jul 15 07:47:53
Look like Shorts are burning in $PES lol.. Earning tomorrow guys.. I am leaving $ITEK now. go after $pes
ENGIN BUYUKARSLAN
29 Jul 15 07:34:22
$PES earning is tomorrow and green day looks good to me. Also dip buy $CALA here.. WATCHING $MU $NK $ZNGA $NUGT $SPY
Intrepid Trader
29 Jul 15 06:39:37
new buys today are $ABEV $PES for the bounce
Jacob Jackson
29 Jul 15 06:01:03
@EBUYUKARSLAN I've noticed that. Sweet spot between 9:30-11am. I'll keep an eye on $PES. Thanks!
Joshua Mahony
29 Jul 15 04:01:18
RT @AMcCaig_IG: New #TradeShares http://t.co/ZQnUU98Yac $SBSI $FCG $FXS $XUE $IEXF $NYMX $MNOV $JOUT $PES Losses can exceed deposits http:/…
Alastair McCaig
29 Jul 15 04:00:55
New #TradeShares http://t.co/ZQnUU98Yac $SBSI $FCG $FXS $XUE $IEXF $NYMX $MNOV $JOUT $PES Losses can exceed deposits http://t.co/Fcb0QCwvdi
Trade Forex Signals
29 Jul 15 03:42:39
#TradeSharesNewWithIG #TradeSharesNewWithIG: $SBSI $FCG $FXS $XUE $IEXF $NYMX $MNOV $JOUT $PES TF1 Losses… ~ via http://t.co/Kd2qwcsyit
IGSquawk
29 Jul 15 03:37:39
#TradeSharesNewWithIG: $SBSI $FCG $FXS $XUE $IEXF $NYMX $MNOV $JOUT $PES TF1 Losses can exceed deposits http://t.co/5rPC3v1PVb
ENGIN BUYUKARSLAN
28 Jul 15 16:27:49
$twtr ; what a crazy , first $40 and later $32...No for me long now even 32.. better off long $cala $pes $efoi tomorow
$Stocknewsalerts
28 Jul 15 14:01:34
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
ENGIN BUYUKARSLAN
28 Jul 15 11:55:02
@adam_trade If $cala turn around, will be more than $2 reward for sure. I assume close to $13 p/s price from $8. Same with $PES and $EFOI
ENGIN BUYUKARSLAN
28 Jul 15 10:39:57
$PES earning is Thursday. Beat up a lot. Many shorts are in it. Any good news can make this stock rocket.
ENGIN BUYUKARSLAN
28 Jul 15 09:45:57
Tomorrow green bounce up expectation $cala $efoi $pes .. buying at today dips
DailyStockPicks
28 Jul 15 09:34:36
$OCLS cheap health care stock. Price target of $5. 200%+ upside $GNRC $VNTV $INGR $WLT $PES $RNET investors read http://t.co/rWpJvFmAFr
David Tuzzolino
28 Jul 15 07:59:32
6 Small-Cap Oil & Gas Drilling Stocks That Insiders are Buying http://t.co/23Kfl5OKVF $ATW $HERO $PES $PGN $RSPP $UNT #valueinvesting
Penny Stock Secret
28 Jul 15 07:56:34
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here http://t.co/SVqoMkrw2z .. $PER $PES $PF
Jeffrey Blake
28 Jul 15 07:41:04
$PES Company Shares of Pioneer Energy Services Corp. Drops by -11.77% http://t.co/WjoqMy8Q8e
James P Worthy
28 Jul 15 07:40:56
$PES Can Pioneer Energy Services Corp. (NYSE:PES) Surprise Analysts? http://t.co/Oqxgpvf0mw
dailystockplays.com
27 Jul 15 17:17:31
Ichimoku Red http://t.co/VnxIjSKDeZ $WPX $PCAR $CJES $EWU $AER $REXX $MTDR $PES $VYM $DHY $KMT $BPL $APU $CHW $HYLD $RNET $MATX $SDLP
$Stocknewsalerts
27 Jul 15 14:00:49
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
The Deal
27 Jul 15 09:41:53
RT @ClairePooleTX: How oil services providers are getting through the night. $HAL, $BHI, $SLB, $WFT, $HP, $PES, $PTEN, $KEG, $UNT, $SSE. ht…
Nicole Harris
27 Jul 15 09:24:09
RT @ClairePooleTX: How oil services providers are getting through the night. $HAL, $BHI, $SLB, $WFT, $HP, $PES, $PTEN, $KEG, $UNT, $SSE. ht…
Claire Poole
27 Jul 15 09:08:05
How oil services providers are getting through the night. $HAL, $BHI, $SLB, $WFT, $HP, $PES, $PTEN, $KEG, $UNT, $SSE. http://t.co/qoBIn3Wsbj
Jeffrey Blake
27 Jul 15 08:09:28
$PES Company Shares of Pioneer Energy Services Corp. Drops by -11.77% | Insider ... http://t.co/aAwgZTRA8M
David Tuzzolino
27 Jul 15 07:23:44
6 Small-Cap Oil & Gas Drilling Stocks That Insiders are Buying http://t.co/VeJJ24JS1F $ATW $HERO $PES $PGN $RSPP $UNT #valueinvesting
Breaking News Now
27 Jul 15 06:25:06
$PES $SGMO: Fast Moving Stocks: Pioneer Energy Services Corp. (NYSE:PES ...: http://t.co/9154ul6hxv
Breaking News Now
27 Jul 15 03:24:03
$PES $HTBX: Trader's Watch List: Pioneer Energy Services Corp. (NYSE:PES ...: http://t.co/3UgV8KN5BC
TickerChirp
27 Jul 15 01:04:03
Most Popular Tweets Related to $PES (Pioneer Energy Services symbol PES) on 07/27/2015 http://t.co/SZCqJH0g29
StockEarnings.com
26 Jul 15 22:40:25
$PES releasing Earnings on 7/30 Before Open (Confirmed). Anybody buying/selling in Earnings? http://t.co/CP3ZYivPX3
BreakingStocksNews
26 Jul 15 13:24:03
$PES: Company Shares of Pioneer Energy Services Corp. Drops by -11.77%: http://t.co/h36B1hdWQD
$Stocknewsalerts
24 Jul 15 14:01:45
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
PennyStockChronicle
24 Jul 15 09:35:23
Basic Materials Stocks Buzz – $PES $ZINC $SXC $HSC http://t.co/iTy2tbeFPB
Clair Voight
24 Jul 15 08:35:45
$PES Pioneer Energy Services (PES) Stock Falls After Jefferies Lowers Price Target http://t.co/jz469KRAVr
Jeffrey Blake
23 Jul 15 15:04:42
$PES Pioneer Energy Services (PES) Stock Falls After Jefferies Lowers Price Target http://t.co/36LqGC6dnr
$Stocknewsalerts
23 Jul 15 14:00:50
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
$Stocknewsalerts
22 Jul 15 14:00:52
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
$Stocknewsalerts
21 Jul 15 14:00:55
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
wsnewspublishers
21 Jul 15 07:24:53
Active Trending Stocks: http://t.co/7CRmi4IBG5 $NOK $UEC $PES
wsnewspublishers
21 Jul 15 06:57:37
Active Trending Stocks: http://t.co/NV1mHTWSce $NOK $UEC $PES
Large Void Bot
21 Jul 15 06:40:06
In Play: $HLX, $CFG, $LXK, $THOR, $SANM, $DUST, $PVA, $STLD High Uncertainty: $PES, $MDCA, $WSO
John Turner
21 Jul 15 06:07:27
$PES What Makes Pioneer Energy Services (PES) a Strong Sell? - July 20, 2015 ... http://t.co/SGI1XkCFom
				
				
By  +Follow January 14, 2014 9:55AM
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