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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
Ryan LaRue
26 Aug 14 18:13:22
RT @Dvm001Mike: Pickle's Picks for Wednesday (I'll be dipping my toes in a little tomorrow) - $ARWR, $ARIA, $PES, $RKUS, $RSH, $KERX, $INFN…
Steph Seguin
26 Aug 14 17:56:59
RT @Dvm001Mike: Pickle's Picks for Wednesday (I'll be dipping my toes in a little tomorrow) - $ARWR, $ARIA, $PES, $RKUS, $RSH, $KERX, $INFN…
Stock Headlines
26 Aug 14 17:39:58
$PES: PIONEER ENERGY SERVICES CORP Files SEC form 8-K, Regulation FD Disclosure http://t.co/9FVqwREPle http://t.co/pKtgyPCmvq
Webster Scales
26 Aug 14 17:32:29
$PES Should Pioneer Ene http://t.co/Z5kJ3m8IiC
Sandman
26 Aug 14 17:14:33
RT @Dvm001Mike: Pickle's Picks for Wednesday (I'll be dipping my toes in a little tomorrow) - $ARWR, $ARIA, $PES, $RKUS, $RSH, $KERX, $INFN…
Mike
26 Aug 14 17:12:07
Pickle's Picks for Wednesday (I'll be dipping my toes in a little tomorrow) - $ARWR, $ARIA, $PES, $RKUS, $RSH, $KERX, $INFN, $BDSI, $WETF
Ben Silverberg
26 Aug 14 16:43:22
$PES confirmed B/O Continuation Wedge, S at 15.09, R at 15.93, PT 18.70-19.60 http://t.co/JarYyya6WW
$Stocknewsalerts
26 Aug 14 14:01:33
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
James P Worthy
26 Aug 14 10:31:20
$PES Pioneer Energy Services Corp Director Unloads $44130 in Stock (PES) http://t.co/gs02D89Bzf
Bulls vs Bears
26 Aug 14 06:39:55
$PES: Pioneer Energy Services Reports Second Quarter 2014 Results http://t.co/AiMTbN8MS4 http://t.co/gwjp4J1sNY
Charts 123
26 Aug 14 03:40:03
Buy Signal: $AXDX $BAS $CRK $CUR $GST $LCI $MDAS $OPHT $PES $RTK $TSYS http://t.co/dCTALsZAbH #stocks
Phil Martin
25 Aug 14 16:49:49
$PES http://t.co/I2l5NGIG5z
Stock News Headlines
25 Aug 14 14:40:01
$PES: News Buzz - GrafTech International Ltd (NYSE:GTI), Pioneer Energy Services ... http://t.co/5T5y5VGebz http://t.co/zuQvwBLw9e
$Stocknewsalerts
25 Aug 14 14:01:16
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
US_proptrader
25 Aug 14 12:33:39
$CMGE $DGLY $HGSH $OZM $PES $QUNR $SLCA $WUBA autocharts @ http://t.co/hj7PGeTQk3
US_proptrader
25 Aug 14 12:02:42
$ACRX $ATHM $AXAS $DGLY $HGSH $MACK $PES $PVA $TKMR autocharts @ http://t.co/hj7PGeTQk3
Peter Bardens
25 Aug 14 10:00:36
$PES Pioneer Energy Services Corp Director Unloads $44130 in Stock (PES) http://t.co/qMu86xxXEG
Envestor First
25 Aug 14 08:02:26
"@Traderzz: These stocks i like here $EOG $MTDR $HP $FES $PES $BAS $PTEN Eagle Ford oil production isn't supposed to peak until 2022."
Stock Updates
24 Aug 14 14:39:54
$PES: Pioneer Energy Services' http://t.co/MBlyUod0rP http://t.co/m6tBv8IPlp
Traderzz
23 Aug 14 15:41:17
These stocks i like here in South Texas $EOG $MTDR $HP $FES $PES $BAS $PTEN Eagle Ford oil production isn't supposed to peak until 2022.
FonsieTrader
23 Aug 14 07:14:33
Parabolic Sar Sell Signals 2/2 $PES $REGN $RIO $SGEN $RMBS $SINA $SNTA $SQNM $SWC $TSO $CUBE $UTIW $VIPS $WBAI $X http://t.co/dpjhPzmo8d
Market Compass
23 Aug 14 00:39:50
$PES: Pioneer Energy Services' http://t.co/piQSBHvE5K http://t.co/J7rAKPBbaC
Colin Macleod
22 Aug 14 23:53:14
August 22 2014 Candlestick Patterns: The Hammer http://t.co/DGJJrpwFMv $PES $TOT $XPO
Business Headlines
22 Aug 14 15:40:00
$PES: Insider Selling: C John Thompson Sells 3000 Shares of Pioneer Energy ... http://t.co/N1j2j4jHQU http://t.co/l36B7zfFbV
Irma Doucet
22 Aug 14 15:31:06
$PES Pioneer Energy Services Corp Director Unloads $44130 in Stock (PES) http://t.co/aZM5223XEW
$Stocknewsalerts
22 Aug 14 14:01:31
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
BNK Invest
22 Aug 14 11:37:34
Shares of $PES Now Oversold $PXJ #energy http://t.co/tpfU3QYzrg
Stock News Guru
22 Aug 14 09:39:52
$PES: Pioneer Energy sees 118 rigs in Well Servicing fleet for 2014 http://t.co/54uero449R http://t.co/dTlcymKp2a
monestsignalen
22 Aug 14 08:28:03
#aandelen strong stocks die verliezen - http://t.co/aHvH1mxjZd $PES $INTU $FLML
Financial Updates
22 Aug 14 07:39:52
$PES: Pioneer Energy Services Corp EVP Franklin C. West Unloads 222200 Shares ... http://t.co/pe9ifxGLk7 http://t.co/HKQjKqvjNo
Financial Headlines
22 Aug 14 06:39:48
$PES: Should Pioneer Energy Services (PES) Be On Your Radar Now? http://t.co/YUz0o6D3W7 http://t.co/zslWNd6VA5
Scott R
22 Aug 14 04:17:35
short scan $CYTX $EP $FF $FUEL $FWM $GME $HERO $APRI $ARCO $CSU $CUDA $LBMH $LPI $PER $ODP $PES $PLKI $PZZA $QLGC $SDR
$Stocknewsalerts
21 Aug 14 14:00:51
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Harry Walkman
21 Aug 14 12:30:28
$PES Pioneer Energy Services Corp Director Unloads $44130 in Stock (PES) http://t.co/DF9Rgk3i5o
Biz Headlines
21 Aug 14 07:40:06
$PES: Pioneer Energy Services Reports Second Quarter 2014 Results http://t.co/vlt5jTY07f http://t.co/ERbUCMQbx0
Financial Headlines
21 Aug 14 04:39:57
$PES: Why the Earnings Streak Will Continue for Pioneer Energy (PES) http://t.co/fngN5tUuvp http://t.co/izXz8iglWn
Business Updates
21 Aug 14 03:39:49
$PES: Pioneer Energy Services Corp Stock Rating Upgraded by Zacks (PES) http://t.co/bBswgFraIf http://t.co/FCI7kKjn75
$Stocknewsalerts
20 Aug 14 14:01:03
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Harry Walkman
20 Aug 14 09:01:34
$PES Pioneer Energy Services Corp EVP Unloads $1183338 in Stock (PES) http://t.co/pF4beykj5x
Stocks in News
19 Aug 14 15:39:47
$PES: Pioneer Energy Services Is Drilling More Efficiently http://t.co/PB0JDhABGr http://t.co/Wae3AKAN59
John Ablemann
19 Aug 14 15:00:37
$PES Pioneer Energy Services Corp EVP Franklin C. West Unloads 222200 Shares ... http://t.co/tfhX1Gqrrw
$Stocknewsalerts
19 Aug 14 14:01:00
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
				
				
By  +Follow January 14, 2014 9:55AM
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