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Pioneer Natural Resources (PXD) Pops on Buy Rating, Bullish Shale Outlook

By  +Follow October 16, 2013 7:35AM
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Pioneer Natural Resources ($PXD), the $27.5 billion independent oil & gas producer based in Irving, Texas, saw shares trading much higher in Wednesday's action.

Shares for Prioneer spiked over 7 percent in midday trading to $213.75, after the company received a “buy” rating from analysts at Raymond James. It is not hard to see why, either, as the company has presence in some of the US’s most promising shale plays, the Spraberry/Wolfcamp shale located near Midland, Texas.

Pioneer estimates that the Spraberry field contains some 50 billion barrels of oil equivalent, which would make it the largest known shale reserve not only in the US, but also one of the largest in the world. If the 50 billion barrel estimates proves out, Spraberry would be nearly twice as large as the much vaunted Eagle Ford shale, whose reserves are estimated at just over 26 billion barrels.

Much of this has to do with the fact that the Spraberry/Wolfcamp concern has what is called in industry parlance “stacked pay potential,” which simply means that the oil and gas hidden underneath the earth is stacked in various layers of shale. This makes for very nice drilling conditions, as one vertical well can be applied to several formations at once.

While it is common practice for oil companies to exaggerate numbers such as the amount of potential reserves they believe they will unlock from a particular play, other independents who are working in the region have also been giving similar estimates of late, making it more likely that Spraberry could likely become one of the most coveted plays, surpassing not only the Eagle Ford shale, but also others such as the Bakken and Marcellus shales.

Independent drillers and producers have so far been the The spike for Pioneer brought shares of other independents along with it. Diamondback Energy (FANG) was up 6.75 percent to $50, Clayton Williams Energy  (CWEI) gained 5.70 percent to $66.50, and Vaalco Energy (EGY) has all gained over five percent heading towards the closing bell.

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Results for PXD
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30 Mar 15 20:31:07
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30 Mar 15 18:58:51
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30 Mar 15 18:56:08
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Lucky Jimmy
30 Mar 15 15:51:05
PXD Stock up +1.77% percent Today $PXD High is at 167.06 and the Low 163.64 with current volume of 1,328,074. http://t.co/SrtJTQMcxb
Lucky Jimmy
30 Mar 15 15:50:43
$PXD PXD up +1.77% percent Today $PXD Stock High is at 167.06 and the Low 163.64 with current volume of 1,328,074. http://t.co/ndXbbAhHK0
valdemir barbosa
30 Mar 15 15:04:39
RT @FinSentS_SP500: $PXD:US Why Pioneer Natural Resources' Turnaround Should Continue #PIONEER NATURAL RESOURCES CO http://t.co/883sYFI0bK…
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30 Mar 15 13:57:51
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Michael Zammuto
30 Mar 15 13:46:54
RT @chaikintools: How to Know Which Stocks to AVOID Like Classic Bears $P & $PXD -Take Control of your @investing https://t.co/4N4vwF6PL2…
Capital Market Labs
30 Mar 15 13:38:59
Largest Oil, Gas and Consumable Fuels Risk per Option Market 1. $PXD 2. $ETE 3. $VLO Full Chart: http://t.co/v0ioYyonw5
Chaikin Power Tools
30 Mar 15 13:35:40
How to Know Which Stocks to AVOID Like Classic Bears $P & $PXD -Take Control of your @investing https://t.co/4N4vwF6PL2 #stocks #trading
Catalyst Trader
30 Mar 15 12:41:58
@Catalystrader $PXD breakout today. Looking for $200 over time. Check out charts I have been posting.Nice long base gives much higher prices
Stockaholics
30 Mar 15 12:22:18
Our Stock Tips Have Gained Over 230% Within 2 Days! Huge News: http://t.co/FW1zCk5dfw $JNPR $PXD $NVE
Reza Panah
30 Mar 15 12:12:35
$PXD Nice #Candle on break out - Holding above resistance & green. Those were +ve points. The -ve is #volume is low! http://t.co/ThBGGgzwUp
Reza Panah
30 Mar 15 11:59:42
$PXD Nice #Candle on break out - Holding above resistance & still green. Those were the +ve points. -ve is that #volume is not enough !
Breaking News Now
30 Mar 15 11:55:03
$PXD: Analysts Set Pioneer Natural Resources Company (NYSE:PXD ...: http://t.co/4AXxnfItSC
stockschamp
30 Mar 15 11:41:06
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here http://t.co/8WvnrVmkBS .. $JNPR $PXD $NVE
StockenheimerSchmidt
30 Mar 15 11:13:16
$RCGP tripled in value within 2 days as of yesterdays high! high! Big News: http://t.co/RWkbY02YnU $JNPR $PXD $NVE
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30 Mar 15 10:47:35
This Guy Is Making Millions! Watch This Video Proof Here At http://t.co/NovWYe2RAx .. $PWR $PX $PXD
Energy Shots
30 Mar 15 06:20:27
RT @davidmoble: My top 4 stocks today were $BIIB $SAM $RH and $PXD - all up more than 3%. healthcare-consumer goods-services-energy
John Turner
30 Mar 15 06:05:24
$PXD Pioneer Natural Resources: A Survivor Amid The Oil Onslaught http://t.co/nvr9DgJnTl
BreakingStocksNews
30 Mar 15 06:00:04
$PXD: New SEC Filing for PXD: Form 8-K (No. 0001038357-15-000018): http://t.co/XSrrP3uyn4
$Stocknewsalerts
30 Mar 15 05:59:14
$PXD ALERT: New Pioneer Natural Resources Company SEC Filing From our Stock News Alerts App
New SEC Filings
30 Mar 15 05:59:07
NEW SEC Filing for $PXD filed a moment ago: http://t.co/o28DcYHssi http://t.co/agVTe7Y80q
BV Basic Materials
30 Mar 15 05:57:04
$PXD Pioneer Natural Resources Co files Form 8-K (Events or Changes Between Quarterly Reports) SEC Fil.. http://t.co/jQxxzZ5b1j
ProVesting
30 Mar 15 04:41:03
$PXD: Large Cap Stocks to Track - Pioneer (PXD), Devon (DVN), Spectra ...: http://t.co/nj9Y7clspA
Roberee
30 Mar 15 04:14:41
Watch Four Years of Oil Drilling Collapse in Seconds. $EOG $PXD $WLL http://t.co/v5JuooOWXr
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30 Mar 15 03:11:38
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30 Mar 15 02:25:48
Largest Oil, Gas and Consumable Fuels Risk per Option Market 1. $PXD 2. $ETE 3. $VLO Full Chart: http://t.co/v0ioYyonw5
Capital Market Labs
30 Mar 15 00:25:51
Largest Oil, Gas and Consumable Fuels Risk per Option Market 1. $PXD 2. $ETE 3. $VLO Full Chart: http://t.co/v0ioYyonw5
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30 Mar 15 00:02:51
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29 Mar 15 23:44:37
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29 Mar 15 17:20:01
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TV_Trading Ideas
29 Mar 15 17:16:24
Pioneer Nat Res $PXD http://t.co/uJXAfXgzN0
Isaac Figueroa
29 Mar 15 17:16:24
$PXD chart: Pioneer Nat Res. http://t.co/TFH7KLDiEQ
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29 Mar 15 15:46:33
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FinSentS SP500
29 Mar 15 15:14:33
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29 Mar 15 15:01:00
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29 Mar 15 14:02:43
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dailystockplays.com
29 Mar 15 09:32:59
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FinSentS SP500
29 Mar 15 07:11:14
$PXD:US Why Pioneer Natural Resources' Turnaround Should Continue #PIONEER NATURAL RESOURCES CO http://t.co/2Wc5PQML9E #SP500
Sleek Money
29 Mar 15 06:20:35
Pioneer Natural Resources Receives $216.20 Consensus PT from Analysts $PXD http://t.co/eSvbRLH6zm
FinSentS SP500
28 Mar 15 23:08:15
$PXD:US Why Pioneer Natural Resources' Turnaround Should Continue #PIONEER NATURAL RESOURCES CO http://t.co/60qgC7A3WD #SP500
pretty_darn_tasty
28 Mar 15 20:58:13
RT @OphirGottlieb: Largest Oil, Gas and Consumable Fuels Return on Assets (ROA) 1. $PXD 2. $MPC 3. $VLO Full Chart: http://t.co/XJKBJJXvpW
Ophir Gottlieb
28 Mar 15 20:47:16
Largest Oil, Gas and Consumable Fuels Return on Assets (ROA) 1. $PXD 2. $MPC 3. $VLO Full Chart: http://t.co/XJKBJJXvpW
Tyner Land Solutions
28 Mar 15 19:30:37
Why Pioneer Natural Resources' Turnaround Should Continue $PXD http://t.co/yAVTmAi8bh
Capital Market Labs
28 Mar 15 19:26:37
Largest Oil, Gas and Consumable Fuels Operating Margin 1. $PXD 2. $DVN 3. $KMI Full Chart: http://t.co/cmYrRrOi5l https://t.co/VPsYRMKq5h
Alpha Maven
28 Mar 15 18:31:39
RT @SeekingAlpha: Why Pioneer Natural Resources' Turnaround Should Continue http://t.co/5zognZ6E2W $PXD
Jason Olive
28 Mar 15 18:22:21
RT @SeekingAlpha: Why Pioneer Natural Resources' Turnaround Should Continue http://t.co/5zognZ6E2W $PXD
Alysia Sarkisian
28 Mar 15 18:18:05
RT @SeekingAlpha: Why Pioneer Natural Resources' Turnaround Should Continue http://t.co/5zognZ6E2W $PXD
				
				
By  +Follow October 16, 2013 7:35AM
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