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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
dailystockplays.com
28 May 15 14:40:12
1234 Bullish http://t.co/qDnKcmCb1g $UCO $GENE $RDC $SDRL $CROX $MFC $WMB $YOKU $DGX $PSX $PES $KBR $REXX $SNE $ATW $FITB $NKE $DOV
$Stocknewsalerts
28 May 15 14:02:05
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Zacks.com
28 May 15 13:02:37
Will there be a correction with these onshore drillers? $BHI $PTEN $HP $NBR $PES http://t.co/lOiWe3RZmk
Stocks Creamun
28 May 15 09:45:08
Pioneer Energy Services Corp. C $PES 6.82 -6.19% 12:00pm https://t.co/Pa7hlovGSJ
Stocks Creamun
28 May 15 09:30:08
Pioneer Energy Services Corp. C $PES 6.82 -6.19% 12:00pm https://t.co/Pa7hlovGSJ
Stocks Creamun
28 May 15 09:00:08
Pioneer Energy Services Corp. C $PES 6.85 -5.78% 11:00am https://t.co/Pa7hlovGSJ
Stocks Creamun
28 May 15 08:45:08
Pioneer Energy Services Corp. C $PES 6.85 -5.78% 11:00am https://t.co/Pa7hlovGSJ
NewsHedge Squawk
28 May 15 08:01:22
$PES spiked higher on very heavy trading volume http://t.co/bDm6xXn8Jb
Zacks.com
28 May 15 07:53:25
We have three reasons why onshore drillers are overdue for a correction. $BHI $PTEN $HP $NBR $PES http://t.co/78BhIeEsVq
Joshua Reese
27 May 15 16:03:42
Long some $PES http://t.co/0YrsyRKAkq
$Stocknewsalerts
27 May 15 14:06:53
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
1trader
27 May 15 05:28:26
my top 2015 #swing trade gains +85% $BAS, +83% $PES, +43% $NBR, +37% $ROSE, +44% $VALE, I will reveal via DM @jcspe85f for next #swing trade
NASDAQ
27 May 15 03:12:21
$PES - Notice of Effectiveness (effect) http://t.co/bohG8UH86m
StockNewsWires
27 May 15 03:05:02
$PES: New SEC Filing for PES: Form EFFECT (No. 9999999995-15-001452): http://t.co/TDdvBHNAg4
SEC Filings
27 May 15 03:04:12
NEW SEC Filing for $PES filed a moment ago: http://t.co/bS6sDqwoIi http://t.co/CJLHqEr02j
Breaking News Now
26 May 15 14:34:02
$PES: New Insider Transaction on PES by Director: http://t.co/MqXzs0sbFG
Insider Alerts
26 May 15 14:33:10
NEW insider transaction on $PES reported a moment ago: http://t.co/hEDDyKYRTE
$Stocknewsalerts
26 May 15 14:02:02
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
$Stocknewsalerts
26 May 15 12:06:11
$PES New SEC Filing for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
StockNewsWires
26 May 15 11:55:02
$PES: New SEC Filing for PES: Form 8-K (No. 0000320575-15-000056): http://t.co/3juA4aCePP
New SEC Filings
26 May 15 11:54:03
NEW SEC Filing for $PES filed a moment ago: http://t.co/b3diPSkTh8 http://t.co/UXOTtulR1x
Capital Market Labs
26 May 15 10:57:56
$PES Cash from Operations is Expanding. #CML_PES #CML_Cash_from_Operations http://t.co/QdcQ7bL7PT http://t.co/Gt7lPMDuqy
Peter Bardens
26 May 15 10:32:34
$PES Why Pioneer Energy Services Corp (PES) Stock Jumped 12% today http://t.co/JgSu6GfnoK
leahanne
26 May 15 00:51:19
XLV Health Care Select Sector SPDR % Change http://t.co/4DcWzknjqG $XLV $MU $HSBA.L $PES #XLV #stocks #investing
DennyT
26 May 15 00:48:36
UPRO ProShares UltraPro S&P 500 E.P.S. http://t.co/J6aEyZ8p34 $UPRO $PES $CNQ.TO $DANG #UPRO #share #stockmarket
IH News Desk
26 May 15 00:48:26
TNK Teekay Tankers Ltd. Shares http://t.co/4ffxZAiUSr $TNK $ECIG $ENB.TO $PES #TNK #stockmarket #tradeideas
danrocks
26 May 15 00:46:35
S.TO Sherritt Intl Corp. Last Price http://t.co/q9JatrQORb $S.TO $DANG $KMI $PES #S.TO #stocks #invest
Emylers
26 May 15 00:45:07
PES Pioneer Energy Services Corp. Ideas http://t.co/5Dey5Jeu3K $PES $IJR $FXI $BAA #PES #invest #finance
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26 May 15 00:44:08
PES Pioneer Energy Services Corp. Ask Size http://t.co/qypOcjRnTN $PES $MU $KKD $EBIX #PES #finance #nasdaq
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HZNP Horizon Pharma plc Filings http://t.co/9PVr2ILFw3 $HZNP $PES $CLDX $CSCO #HZNP #finance #share
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RT BCE.TO BCE, Inc. Message Board Posts http://t.co/qh3QoWse4m $BCE.TO $CELG $PES $USO #BCE.TO #nasdaq #investi… http://t.co/XG5hVFJGig
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26 May 15 00:35:27
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AVT Avnet, Inc. News http://t.co/pQCjBsL4iQ $AVT $YINN $REGN $PES #AVT #stock #stockmarket
ProVesting
25 May 15 05:35:03
$PES: Melting Stocks - Pioneer Energy Services (PES), AMETEK (AME), La ...: http://t.co/7LdkKDv6R4
Capital Market Labs
25 May 15 03:58:41
$PES Cash from Operations is Increasing. #CML_PES #CML_Cash_from_Operations http://t.co/QdcQ7bL7PT http://t.co/8czi21f0sd
Zonebourse News
23 May 15 22:47:14
#PIONEER ENERGY SERVICES CORP : UBS Global Oil & Gas Conference http://t.co/MSXgcLocUz $PES
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22 May 15 09:37:39
Johnson & Johnson : Résultats trimestriels meilleurs que prévus pour Johnson & Johnson … $PES
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By  +Follow January 14, 2014 9:55AM
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