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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
John Turner
27 Apr 15 05:35:43
$PES Why Pioneer Energy Services Corp.'s Shares Popped 12% Today http://t.co/bZjHUwVExZ
Clair Voight
27 Apr 15 05:35:40
$PES Pioneer Energy Services (PES) Ratings Affirmed by S&P; Sees Being Able to ... http://t.co/oYp6sKEpYe
Capital Market Labs
25 Apr 15 19:19:04
$PES Revenue is Increasing. #CML_PES #CML_Revenue http://t.co/uWizW9hRlg http://t.co/r0ojEpI8oS
$Stocknewsalerts
24 Apr 15 14:01:30
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Media Sentiment
24 Apr 15 07:27:31
$PES received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 368
BNK Invest
24 Apr 15 07:24:31
Strong Insider Buying Found in the Underlying Holdings of XES $SLCA $PES #etfs http://t.co/AiYx91FafM
ETFChannel
24 Apr 15 07:24:29
Strong Insider Buying Found in the Underlying Holdings of XES $SLCA $PES #etfs: A look at the weighted underly... http://t.co/bK3OCYVegn
Pete Renzulli
24 Apr 15 06:02:57
RT @ZorTrades: $PES $SDLP $GOGL Swing long ideas if and only they go thru yday's high http://t.co/yGyfCNjQtC
1trader
24 Apr 15 06:02:28
March 18 tweeted my Energy basket #swing stocks. Now +37%. $BAS $NBR $PES $ROSE #howdoyoulikethemapples #timestamped http://t.co/oUyqZ2AatI
Frank Zorrilla
24 Apr 15 06:01:17
$PES $SDLP $GOGL Swing long ideas if and only they go thru yday's high http://t.co/yGyfCNjQtC
Jeffrey Blake
24 Apr 15 05:31:50
$PES Why Pioneer Energy Services Corp.'s Shares Popped 12% Today http://t.co/DJWIo7R4Qs
Capital Market Labs
23 Apr 15 21:47:39
$PES Revenue is Expanding. #CML_PES #CML_Revenue http://t.co/cccj57G24G http://t.co/QnovRfDyRj
$Stocknewsalerts
23 Apr 15 14:01:21
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Juanskloud
23 Apr 15 11:56:13
RT @jcspe85: +39.4% since inception March 18 2015 $1M Energy Basket PERFORMANCE UPDATE April 14 2015 $NBR $BAS $PES $ROSE #swing http://t.c…
US_proptrader
23 Apr 15 09:54:36
$BBG $CJES $CMCM $ECR $HOS $LEJU $PES $SDRL $VGGL autocharts @ http://t.co/cLiki3R0GR
US_proptrader
23 Apr 15 08:09:35
$CCJ $CDE $GTE $HOS $NRP $PES $PVA $PWE $QSR autocharts @ http://t.co/cLiki3R0GR
StockEarnings.com
23 Apr 15 06:20:27
$PES Since last ER, stock gained 13%. Will it continue aftr ER on 4/30 Before Open (Confirmed)? http://t.co/TvDrfkJzGS
Vermilion Research
23 Apr 15 05:02:18
Energy stocks are an attractive tactical opportunity. L-T R.S. trends, though, still bearish: $CRZO, $DVN, $BP, $NBL, $PES, $SGY. $XLE
chartguy89
22 Apr 15 19:33:47
PES -3.69% Stock Charts $PES Pioneer Energy Services Corp. (NYSE) Last Updated: 04/22/2015 21:33:45 PES Stock http://t.co/p1PSsA1CM5
Stock_Tracker
22 Apr 15 19:30:23
Pioneer Energy Services Corp (PES) 6.26 $PES NYSE stocks posting largest percentage increases AP - Tue Apr 14, http://t.co/GqRbXqQN0C
$Stocknewsalerts
22 Apr 15 14:00:58
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
John Ablemann
22 Apr 15 10:34:46
$PES Why Pioneer Energy Services Corp.'s Shares Popped 12% Today http://t.co/06TDcf7L6l
Peter Bardens
22 Apr 15 10:34:44
$PES Pioneer Energy Services Corp Given Average Rating of "Hold" by Brokerages ... http://t.co/XdjMKpTjg8
Sleek Money
22 Apr 15 07:35:13
Pioneer Energy Services Corp Given Average Rating of “Hold” by Brokerages $PES http://t.co/ZSdLtZSMWl
Ticker Report
22 Apr 15 07:26:46
Pioneer Energy Services Corp Given Average Rating of “Hold” by Brokerages $PES http://t.co/dwNt1IEcoo
esteban restrepo
22 Apr 15 06:49:58
$pes working so far.
John Ablemann
22 Apr 15 06:31:42
$PES Why Pioneer Energy Services Corp (PES) Stock Jumped 12% today http://t.co/bNSfnAy1tU
US Banking News
22 Apr 15 06:08:35
Brokerage Give Consensus Hold Rating to Pioneer Energy Services Corp $PES http://t.co/bSXSYwY3fQ
IH NASDAQ OMX
22 Apr 15 03:50:29
$LGHT Ask Click Here: http://t.co/6i8NlkJv2J Also See: $GFSZY $SXOOF $PES $DAYTP ~
$Stocknewsalerts
21 Apr 15 14:00:56
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
US_proptrader
21 Apr 15 09:37:35
$AGEN $CLDN $CO $COUP $NVGN $PES $SSRI $XUE autocharts @ http://t.co/cLiki48C5r
$Stocknewsalerts
20 Apr 15 14:00:44
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Ophir Gottlieb
20 Apr 15 13:06:54
RT @eddieberumen: $SSE $PTEN $PDK $PES Earnings from Continuing Operations Margin % via @OphirGottlieb http://t.co/lQ2NzecN7h
Eduardo Berumen IV
20 Apr 15 12:52:42
$SSE $PTEN $PDK $PES Earnings from Continuing Operations Margin % via @OphirGottlieb http://t.co/lQ2NzecN7h
danrocks
20 Apr 15 12:36:43
Right now PES is number 163 for the largest percentage gain out of 250 stocks. $PES PES is up +10.02% in the l http://t.co/buaKW2WZ1S
danrocks
20 Apr 15 12:36:21
$PES PES Stock is number 163 for the largest percentage gain out of 250 stocks. $PES PES is up +10.02% in the last http://t.co/ghKeWwvZvu
US_proptrader
20 Apr 15 11:26:22
$ADXS $BBG $CLNE $EPE $HOS $LPI $OAS $PES $WPX autocharts @ http://t.co/cLiki3R0GR
SL
20 Apr 15 10:24:09
Still riding 1/2 position on $PES $SSE also added $EVEO $LINE $REXX this morning. #energybasket $XLE $ERX #swingtrade
MR. GREEN THUMB
20 Apr 15 10:10:31
$UWTI $PBR $PES $PGN another healthy gain... Oil's demand will be higher and higher the closer we get to summer.
US_proptrader
20 Apr 15 09:10:20
$ADXS $ANGI $CLNE $EXXI $NVGN $NWBO $PES $ROVI $XUE autocharts @ http://t.co/cLiki3R0GR
$Stocknewsalerts
20 Apr 15 08:50:20
$PES New SEC Filing for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
NASDAQ
20 Apr 15 08:35:05
$PES - Proxy Statement (definitive) (def 14a) http://t.co/h9buMnZcAK
Stocks News&Markets
20 Apr 15 08:35:04
$PES - Proxy Statement (definitive) (def 14a) http://t.co/pCqxPjua8X
ProTradersNews
20 Apr 15 08:35:03
$PES: New SEC Filing for PES: Form DEF 14A (No. 0000320575-15-000030): http://t.co/Kl9JVwjtQD
SEC Filings
20 Apr 15 08:34:08
NEW SEC Filing for $PES filed a moment ago: http://t.co/htk4estxsU http://t.co/r2nu9aSRXm
US_proptrader
20 Apr 15 08:25:20
$ADXS $BAS $BBG $BCEI $CJES $FMSA $LPI $PES $SGEN autocharts @ http://t.co/cLiki3R0GR
SL
20 Apr 15 07:08:46
Beautiful flags all over $XLE sector: $BAS $LINE $SSE $PES $EVEP $SN $REXX http://t.co/savldGyTUa
Eduardo Berumen IV
20 Apr 15 06:25:56
$SSE $PTEN $PDK $PES Revenue TTM, 1-Year Growth % via @CapitalMarketLabs http://t.co/fwCwlIp1Wr
Penny Stock Secret
20 Apr 15 03:45:58
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here http://t.co/NovWYe2RAx .. $PER $PES $PF
				
				
By  +Follow January 14, 2014 9:55AM
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