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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for PES
chartguy89
29 Aug 15 19:23:35
PES +4.70% Stock Charts $PES Pioneer Energy Services Corp. (NYSE) Last Updated: 08/29/2015 21:23:41 PES Stock http://t.co/Xc1IGdZX9s
MoneyTrading
29 Aug 15 14:55:10
http://t.co/ol3CilEweP Amazing new trading community blog posts on #Profitly $TRGP $DST $IGT $PES
MoneyTrading
29 Aug 15 12:12:07
http://t.co/TlJq0RYUN6 Profiting At The Expense Of Wall Street Scum Bags! $TRGP $DST $IGT $PES
Intrepid Trader
28 Aug 15 14:19:49
bot $PES buying into the close, nice chart
Britney Salvato
28 Aug 15 14:09:06
http://t.co/1RIrjP8gnk IN PLAY: $FCEL $LFVN $BDSI $EJ $NQ $PES $ELNK $CBB $RENN $INFI $PGNX $QLGC $PPP $PMCB $BGCP http://t.co/W2ax3InuAc
$Stocknewsalerts
28 Aug 15 14:01:44
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Intrepid Trader
28 Aug 15 08:20:29
$PES $PACD on radar for oil plays
danrocks
28 Aug 15 07:38:09
Right now PES is number 27 for the largest percentage gain out of 250 stocks. $PES PES is up +22.04% in the la http://t.co/Fbs68MAdx5
Ashley Senn
28 Aug 15 06:00:07
http://t.co/yHAmKNkM7W IN PLAY: $FCEL $LFVN $BDSI $EJ $NQ $PES $ELNK $CBB $RENN $INFI $PGNX $QLGC $PPP $PMCB $BGCP http://t.co/70jejoAzRd
Janie Tracey
28 Aug 15 06:00:06
http://t.co/m6tg8tQqhf IN PLAY: $FCEL $LFVN $BDSI $EJ $NQ $PES $ELNK $CBB $RENN $INFI $PGNX $QLGC $PPP $PMCB $BGCP http://t.co/hbyHNEJ1Y1
Althea Conors
28 Aug 15 05:27:07
RUS 2000 stocks with increased news activity today include $STNR $SKX $MBII $MDXG $VHC $ASC $DEPO $NAT $PES $QLGC
MoneyTrading
28 Aug 15 03:12:08
http://t.co/ol3CilmUQf Amazing new trading community blog posts on #Profitly $TRGP $DST $IGT $PES
$Stocknewsalerts
27 Aug 15 14:01:15
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
MoneyTrading
27 Aug 15 13:49:07
http://t.co/TlJq0SgwbG Profiting At The Expense Of Wall Street Scum Bags! $TRGP $DST $IGT $PES
Greg David
27 Aug 15 06:12:13
http://t.co/APzP66vnr4 IN PLAY: $FCEL $LFVN $BDSI $EJ $NQ $PES $ELNK $CBB $RENN $INFI $PGNX $QLGC $PPP $PMCB $BGCP http://t.co/6ovlvT9T5m
MoneyTrading
27 Aug 15 04:12:42
http://t.co/ol3CilmUQf Amazing new trading community blog posts on #Profitly $TRGP $DST $IGT $PES
Dave
26 Aug 15 22:03:02
http://t.co/L46QQZciCc IN PLAY: $FCEL $LFVN $BDSI $EJ $NQ $PES $ELNK $CBB $RENN $INFI $PGNX $QLGC $PPP $PMCB $BGCP http://t.co/VXr3RXNqNs
Trade Forex Signals
26 Aug 15 18:31:03
PES triangle $PES http://t.co/DWU7OqzS0I ~ via http://t.co/Kd2qwcsyit
TV_Trading Ideas
26 Aug 15 18:26:40
PES triangle $PES http://t.co/pxc5Bvh7i4
dailystockplays.com
26 Aug 15 15:14:36
1234 Bearish http://t.co/olpTbCufSO $ANF $LLTC $HEZU $BUD $APH $BX $BIOS $FSL $LSCC $ONTY $SWKS $ARRY $SONC $IMGN $NXPI $PES $IDTI $QLGC
$Stocknewsalerts
26 Aug 15 14:01:53
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
12Stocks.com
26 Aug 15 13:01:20
Smallcap #Stocks Performance $EXPR $KMG $EGRX $VMEM $CWEI $EXXI $NMBL $IO $DY $WHG $CASS $PES $CIEN more@ http://t.co/Giravo3fg9
MoneyTrading
26 Aug 15 10:12:11
http://t.co/TlJq0SgwbG Profiting At The Expense Of Wall Street Scum Bags! $TRGP $DST $IGT $PES
Dave
26 Aug 15 07:44:26
http://t.co/L46QQZciCc IN PLAY: $FCEL $LFVN $BDSI $EJ $NQ $PES $ELNK $CBB $RENN $INFI $PGNX $QLGC $PPP $PMCB $BGCP http://t.co/GjHiLOWa2N
Wall Street
26 Aug 15 05:59:44
http://t.co/J58EN2Hzp9 IN PLAY: $FCEL $LFVN $BDSI $EJ $NQ $PES $ELNK $CBB $RENN $INFI $PGNX $QLGC $PPP $PMCB $BGCP http://t.co/vPKHEUlHqr
BreakingStocksNews
26 Aug 15 00:09:03
$CXO $XOM $LINE $PES: RSP Permian Acquires Midland Basin Properties, as Permian Rigs …: http://t.co/BidIE0k9iS
James P Worthy
25 Aug 15 15:35:22
$PES Zacks Short Term Rating on Pioneer Energy Services Corp. (NYSE:PES) http://t.co/Lrjv35rzjl
$Stocknewsalerts
25 Aug 15 14:01:26
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
MoneyTrading
25 Aug 15 12:12:12
http://t.co/ol3CilmUQf Amazing new trading community blog posts on #Profitly $TRGP $DST $IGT $PES
Nyk PT
25 Aug 15 11:54:55
RT @investorwired: 3 Stocks with High Beta: $GEVO $SPWR $PES http://t.co/cip78DcpcP
Nyk PT
25 Aug 15 11:54:28
RT @investorwired: 3 Stocks with High Beta: $SPWR $PES $GEVO http://t.co/yYSPhARMHb
MoneyTrading
25 Aug 15 08:49:11
http://t.co/TlJq0SgwbG Profiting At The Expense Of Wall Street Scum Bags! $TRGP $DST $IGT $PES
stockschamp
25 Aug 15 08:43:21
This Service Made 20,000% Gains In the Last Month! Subscribe Here http://t.co/8WvnrVmkBS .. $PER $PES $PF
Janie Tracey
25 Aug 15 08:27:20
http://t.co/m6tg8tQqhf IN PLAY: $FCEL $LFVN $BDSI $EJ $NQ $PES $ELNK $CBB $RENN $INFI $PGNX $QLGC $PPP $PMCB $BGCP http://t.co/hbyHNEJ1Y1
investor wired
25 Aug 15 06:57:18
3 Stocks with High Beta: $GEVO $SPWR $PES http://t.co/cip78DcpcP
investor wired
25 Aug 15 06:53:46
3 Stocks with High Beta: $SPWR $PES $GEVO http://t.co/yYSPhARMHb
$Stocknewsalerts
24 Aug 15 14:01:32
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
MoneyTrading
24 Aug 15 13:13:03
http://t.co/TlJq0RYUN6 Profiting At The Expense Of Wall Street Scum Bags! $TRGP $DST $IGT $PES
US_proptrader
24 Aug 15 10:59:16
$AQXP $CLTX $MEMP $PES $SCTY autocharts @ http://t.co/f6cpQoVS67
Lecorb
24 Aug 15 10:47:15
Midday Gainers / Losers http://t.co/DR0Og2sQOJ $GAS, $EPZM, $ANFI, $SCTY, $HMSY, $PES, $NWBO, $ENPH, $OCAT, $ACTS, $VTL, $MOBI, $WBAI, $CHNR
US_proptrader
24 Aug 15 10:27:17
$ACAD $ACI $AEM $HRTX $PES $SSRI autocharts @ http://t.co/f6cpQoVS67
Quantumboy
24 Aug 15 10:26:13
RT @AaronBx2: "@PennyStockResearch: Stocks that were watching $NETE $SPDC $RCPI $PES"
Alexander Morris
24 Aug 15 10:15:04
$PES: Waterfall-:1 [+6%,10%offHi], FltBO-, PDayGp-, AtgPivH3, 8:3Accel-Dy, tf:0111110; TLM:1.0, 1YrLo-, DyVol:1.67M:0.4x:0.7x,
DJ Olive
24 Aug 15 10:12:38
RT @MarketCurrents: Midday Gainers / Losers http://t.co/PhMJHuSTFr $EPZM $ANFI $HMSY $PES
TimothySykesStudents
24 Aug 15 10:04:11
10:33AM mehudson: Shorted $ACI at 4.30 covered at $4.00 $300 gain. http://t.co/GmnsSJYNVR $HMSY $ANFI $NWBO $GALE $CIE $PES $GEVO $SN $AMKR
Clark Joseph Kent
24 Aug 15 09:57:20
Mid-Day Gainers: $GAS +30% $EPZM +21% $ANFI +18% $SCTY +17% $HMSY +18% $PES +16% $NWBO +16% $ENPH +16% $OCAT +15% $ACTS +15%
efinancialpub
24 Aug 15 09:53:18
RT @MarketCurrents: Midday Gainers / Losers http://t.co/PhMJHuSTFr $EPZM $ANFI $HMSY $PES
Seeking Alpha
24 Aug 15 09:46:23
Midday Gainers / Losers http://t.co/5lJDHU3q2U $EPZM $ANFI $HMSY $PES
Stocks On The Move
24 Aug 15 09:46:23
Midday Gainers / Losers http://t.co/iyphGG0KfE $EPZM $ANFI $HMSY $PES
Breaking News
24 Aug 15 09:46:22
Midday Gainers / Losers http://t.co/PhMJHuSTFr $EPZM $ANFI $HMSY $PES
				
				
By  +Follow January 14, 2014 9:55AM
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