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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
2 Sep 14 14:01:20
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
BNK Invest
2 Sep 14 08:34:00
First Week of October 18th Options Trading For Pioneer Energy Services $PES #stockoptions http://t.co/9O6VvNzd7D
RetailInvestorConf.
2 Sep 14 07:18:07
IPOs and Transactions: August 25 – 29 > http://t.co/GIG5dTfGsB $AIRI $SYRX $COTE $GRDH $KALO $LXRX $ATK $PGLC $DMD $PES $QTWW $LQMT $HCAP
Charts 123
2 Sep 14 03:40:02
Buy Signal: $CSCD $ENG $FORM $LCI $MY $OPHT $PAM $PER $PES $TGS $UIHC http://t.co/bONOmP35xu #stocks
Financial News
1 Sep 14 20:39:54
$PES: Pioneer Energy Services Corp Director C John Thompson Sells 3000 Shares ... http://t.co/ZCOzTK931u http://t.co/pfRcF8MZbT
Stock Market Monitor
1 Sep 14 18:40:15
$PES: PIONEER ENERGY SERVICES CORP Financials http://t.co/AXc9vbelnV http://t.co/XR5cP9v2dH
♬Abeluxo_LoneRanger♪
1 Sep 14 17:49:37
CON LA LLEGADA DE #FALCAO AHORA SI ACTUALIZAR LA #FIFA Y $PES #PS3 TODO EL MERCADO EUROPEO PARA DAR MAS CLASE @antoniomaxi1 @barceglen
Jack Trader
1 Sep 14 13:31:37
$PES Pioneer Energy Services Corp EVP Joseph Brooks Eustace Unloads 147475 ... http://t.co/2QmW7AKv10
InterCooler
1 Sep 14 09:51:10
Pioneer Energy Services Corp EVP Joseph Brooks Eustace Unloads 147,475 Shares $PES http://t.co/B53E4tCkGW
Pesa
1 Sep 14 08:46:29
@start_jumper Our apologies, you can expect your $PES today.
Charts 123
1 Sep 14 03:40:02
Buy Signal: $CSCD $ENG $FORM $LCI $MY $OPHT $PAM $PER $PES $SYPR $TGS http://t.co/nEU6biQz8Y #stocks
Market News
31 Aug 14 09:39:50
$PES: AmTrust Financial Services, OM Group, Patterson-UTI Energy, Pioneer Energy ... http://t.co/tyFtROo7XB http://t.co/bQq6XeypqM
Market News
30 Aug 14 07:39:50
$PES: Understanding Seventy Seven Energy’s relationship with Chesapeake http://t.co/1lAB4GdErw http://t.co/5rLgtlsDuO
Business News Now
29 Aug 14 15:39:56
$PES: Pioneer Energy Services Corp Director Unloads $44130 in Stock (PES) http://t.co/t02X5zUHn2 http://t.co/GQXAPH8X6b
Business News Watch
29 Aug 14 14:39:57
$PES: PIONEER ENERGY SERVICES CORP Files SEC form 8-K, Regulation FD Disclosure http://t.co/5LQpAO8s2a http://t.co/Eqv4oIXf2m
$Stocknewsalerts
29 Aug 14 14:01:20
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Jeffrey Blake
29 Aug 14 11:31:01
$PES Insider Selling: Pioneer Energy Services Corp Director Unloads 4000 Shares of ... http://t.co/qjflQZoduJ
Sleek Money
29 Aug 14 10:52:36
Pioneer Energy Services Corp Stock Price Down 2% on Insider Selling $PES http://t.co/ydGO0eUubJ
Financial Headlines
29 Aug 14 10:40:01
$PES: Why the Earnings Streak Will Continue for Pioneer Energy (PES) http://t.co/4ftpovFga5 http://t.co/SlgvEYGHDO
Ticker Report
29 Aug 14 09:59:00
Insider Selling: Joseph Brooks Eustace Sells 147,475 Shares of Pioneer Energy Services Corp Stock $PES http://t.co/dOn2xe5O6Q
Zacks.com
29 Aug 14 07:11:00
Drill for profits with these 3 onshore plays! $PTEN $NBR $PES http://t.co/n7DGuRzlHo
Stock News Headlines
29 Aug 14 03:39:55
$PES: Pioneer Energy Services Corp Director Unloads $60440 in Stock (PES) http://t.co/2V9bY2gDYt http://t.co/2K0iNgPX0u
Flying Head Of BTC
29 Aug 14 02:31:45
Caught more $PES blood.
#Altcoin Devvie
28 Aug 14 20:47:41
RT @richiela: Sorry for the wallet maintenance... $PES and $BTSX wallets back open! @BittrexExchange
Plankton
28 Aug 14 20:19:43
RT @richiela: Sorry for the wallet maintenance... $PES and $BTSX wallets back open! @BittrexExchange
Rami
28 Aug 14 19:38:27
RT @richiela: Sorry for the wallet maintenance... $PES and $BTSX wallets back open! @BittrexExchange
B.A.M. Mining
28 Aug 14 19:18:36
RT @richiela: Sorry for the wallet maintenance... $PES and $BTSX wallets back open! @BittrexExchange
Vazmus
28 Aug 14 19:00:28
RT @richiela: Sorry for the wallet maintenance... $PES and $BTSX wallets back open! @BittrexExchange
Richie
28 Aug 14 18:57:07
Sorry for the wallet maintenance... $PES and $BTSX wallets back open! @BittrexExchange
Sleek Money
28 Aug 14 17:52:54
Pioneer Energy Services Corp EVP Sells $2,265,216 in Stock $PES http://t.co/oDHPM2r0g7
Companies in News
28 Aug 14 17:39:55
$PES: PIONEER ENERGY SERVICES CORP Files SEC form 8-K, Regulation FD Disclosure http://t.co/eJL0aJ50yi http://t.co/9V8zjjgKaf
US Banking News
28 Aug 14 16:46:14
Insider Selling: Joseph Brooks Eustace Unloads 147,475 Shares of Pioneer Energy Services Corp Stock $PES http://t.co/cekbEVagB3
Business News Watch
28 Aug 14 15:39:54
$PES: PIONEER ENERGY SERVICES CORP Files SEC form 8-K, Regulation FD Disclosure http://t.co/tRvsLakwsk http://t.co/LqEq8U5t2d
$Stocknewsalerts
28 Aug 14 15:05:15
$PES New SEC Filing for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
VisualStock Resource
28 Aug 14 14:49:07
$PES - Statement of Changes in Beneficial Ownership (4) http://t.co/zIg3hLLz1M
InsiderTradingWire
28 Aug 14 14:45:08
Joseph Eustace Brooks, EVP & Pres. Prod. Svs. Div. of Pioneer Energy Se Sells $931,682 Worth of $PES - #Form4 ... - http://t.co/MIGlkyc5vX
$Stocknewsalerts
28 Aug 14 14:00:50
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Market Updates
28 Aug 14 10:39:53
$PES: Q2 2014 Pioneer Energy Services Corp Earnings Release - Before Market Open http://t.co/t9qjtaClWx http://t.co/R0ZaE0E809
InterCooler
28 Aug 14 09:22:23
Pioneer Energy Services Corp Director Unloads $60,440 in Stock $PES http://t.co/GmdV5jF4zo
Zacks.com
28 Aug 14 09:03:46
Will these onshore drillers profit from a land energy boom? $PTEN $NBR $PES http://t.co/WMrASu2A2u
Stock Market Monitor
28 Aug 14 08:40:03
$PES: Pioneer Energy Services Corp Director Unloads $44130 in Stock (PES) http://t.co/lBTiXqAHAz http://t.co/uHyqaaIIxg
$Stocknewsalerts
28 Aug 14 07:50:49
$PES New SEC Filing for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
VisualStock Resource
28 Aug 14 07:35:10
$PES - Securities Registration: Business Combination (s-4) http://t.co/MhsZ75iRRU
Charts 123
28 Aug 14 03:40:03
Buy Signal: $ACW $ARTX $AXDX $CPE $PES $RNA $RSYS $STRP $VLCCF http://t.co/dHkuHeetav #stocks
Sleek Money
27 Aug 14 18:53:39
Pioneer Energy Services Corp Director C John Thompson Sells 4,000 Shares $PES http://t.co/ZJAEKUdnNx
Pesa
27 Aug 14 17:55:27
@MasterKey888 I sent you your $PES and a little extra. Sorry for the long delay, hope you stick with us!
Market News
27 Aug 14 17:40:03
$PES: Q2 2014 Pioneer Energy Services Corp Earnings Release - Before Market Open http://t.co/dyTTmzInQV http://t.co/YhgbucmMAq
Ticker Report
27 Aug 14 16:58:29
Insider Selling: Pioneer Energy Services Corp Director Sells 4,000 Shares of Stock $PES http://t.co/xggVZGWI4r
US Banking News
27 Aug 14 16:55:03
Insider Selling: Pioneer Energy Services Corp Director Sells 4,000 Shares of Stock $PES http://t.co/0HFy2axKzA
$Stocknewsalerts
27 Aug 14 14:50:23
$PES New SEC Filing for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
				
				
By  +Follow January 14, 2014 9:55AM
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