logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

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

By  +Follow October 16, 2013 7:35AM
Share:
Tickers Mentioned:

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.

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.


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for PXD
Market Updates
2 Sep 14 13:42:54
$PXD: Pioneer Natural Resources Receives Consensus Rating of “Hold” from Analysts ... http://t.co/EcOe2cZ0VX http://t.co/WNnAb4bDbQ
merrillmouse
2 Sep 14 13:20:31
US1 $ABBV $ACM $AIG $AVY $BX $C $CSX $CHKP $CYH $DIS $EIX $EMN $EQIX $ERJ $ESRX $F $HES $MET $MMM $NUE $NWL $NXPI $OZM $PXD $STJ $VZ $WHR
Stock Market Monitor
2 Sep 14 12:42:59
$PXD: Enterprise plans to export condensate soon, others may follow suit http://t.co/ANJg3g2yha http://t.co/0OQ5nv4Fdw
Catalyst Trader
2 Sep 14 12:17:40
$WLL $PXD $CXO $CRZO $LPI $XEC $ROSE $FANG Worldwide turmoil will have money flowing back to safety of domestic producers. Pick your fav $$
Catalyst Trader
2 Sep 14 12:12:59
Smart money is buying the dip in domestic onshore energy explorers today. Best in breed are on sale $WLL $PXD $CXO $CRZO $LPI $XEC $ROSE
Daily Contracts
2 Sep 14 12:04:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/dsJRtklyeX
Daily Contracts
2 Sep 14 09:46:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/dsJRtklyeX
$Stocknewsalerts
2 Sep 14 08:56:14
$PXD Pioneer Natural Resources Announces New Executive Management Responsibilities From our Stock News Alerts App
Envestor First
2 Sep 14 06:41:36
"@SippinCoughy: Top Picks for the rest of 2014: Energy: $MTDR $ATHL $HCLP $APC $PXD $SPWR $FSLR $TSL $YGE $SN $DVN $KWK $AXAS $GST"
renato gerena
2 Sep 14 06:04:05
RT @madmoneyfund: S&P500 #Stocks Performance $X $MS $REGN $GILD $CHK $LM $PEP $C $CELG $GS $LNC $CAM $JPM $SCHW $STT $PXD
Companies in News
2 Sep 14 05:42:51
$PXD: PIONEER NATURAL RESOURCES CO Files SEC form 10-Q, Quarterly Report http://t.co/R8yPfTdqrH http://t.co/bIBMbNgH0m
4-traders.com
2 Sep 14 05:35:07
Pioneer Natural Resources : Announces New Executive Management Responsibilities http://t.co/U4C9A8IC1e $PXD
BV Basic Materials
2 Sep 14 05:30:58
$PXD Pioneer Natural Resources Announces New Executive Management Responsibilities.. http://t.co/3zQdbLRu43
finsents
2 Sep 14 04:16:36
$PXD:US 2Sep Positive News #Sentiment http://t.co/SZKGiOYSe5 #SP500
Stockaholics
1 Sep 14 19:59:36
$IWEB closed up 100% today, on more than 290 MILLION shares traded! Huge News: http://t.co/ucQcnpafDY $JNPR $PXD $NVE
12Stocks.com
1 Sep 14 16:02:26
S&P500 #Stocks Performance $NBR $X $BSX $NFX $GHC $MUR $DGX $EA $THC $HP $MRO $CNX $NE $SWN $LH $NBL $PXD more@ http://t.co/RPeaHBZz9y
Market Updater
1 Sep 14 14:42:58
$PXD: Pioneer Natural Stays Focused on Improving Output & Reserve http://t.co/ijI7YskApB http://t.co/O1Pa1wqbSp
4-traders.com
1 Sep 14 14:20:01
Exclusive - From Seoul to Mexico City, pressure mounts to ease U.S. oil export ban http://t.co/I6XXAf3Fyn $EPD $PXD $CLR
12Stocks.com
1 Sep 14 13:00:09
S&P500 #Stocks Performance $NBR $X $BSX $NFX $GHC $MUR $DGX $EA $THC $HP $MRO $CNX $NE $SWN $LH $NBL $PXD more@ http://t.co/RPeaHBZz9y
Sarcasm Bot
1 Sep 14 10:19:54
$PXD Looks like PXD might have found support today. I'll be buying when we eclipse the 205.45 high we had a few days back.
Large Void Bot
1 Sep 14 10:00:47
Popular: $PEIX, $OAS, $FEZ, $CLR, $CHK, $FCX, $PEP, $BALT, $XHB, $NM, $SYY, $PXD, $LMT, $SLW, $GG, $GOLD, $M
12Stocks.com
1 Sep 14 08:52:13
S&P500 #Stocks Performance $NBR $X $BSX $NFX $GHC $MUR $DGX $EA $THC $HP $MRO $CNX $NE $SWN $LH $NBL $PXD more@ http://t.co/RPeaHBZz9y
Companies in News
31 Aug 14 18:42:47
$PXD: [video] Hottest stories not always hottest stock: Greenberg http://t.co/ZR3dz3n74R http://t.co/I1QeXyJof7
Warren Nung
30 Aug 14 22:42:56
RT @Catalystrader: $PXD chart http://t.co/qmLSEoQA2o $PXD long entry here at trend line support for a best in breed Permian & Eagle Ford en…
Market News Desk
30 Aug 14 18:42:44
$PXD: Pioneer Natural Resources Receives Consensus Rating of “Hold” from Analysts ... http://t.co/z1qgzHI4Ai http://t.co/V7VeJwjGYt
Stock Market Monitor
30 Aug 14 17:42:43
$PXD: PIONEER NATURAL RESOURCES CO Files SEC form 8-K, Regulation FD Disclosure http://t.co/dZEEik7ZGU http://t.co/vtWm9M0Mgl
TV_Trading Ideas
30 Aug 14 13:15:29
PXD $PXD http://t.co/crTB4hNQLH
TV_Trading Ideas
30 Aug 14 10:39:06
PXD $PXD http://t.co/5VeHp43fPF
Business News Now
29 Aug 14 16:42:48
$PXD: Why Cushing inventories rise because of refinery shut-down http://t.co/JlrVsPTm71 http://t.co/KMHCtVydpR
12Stocks.com
29 Aug 14 16:02:48
S&P500 #Stocks Performance $NBR $X $BSX $NFX $GHC $MUR $DGX $EA $THC $HP $MRO $CNX $NE $SWN $LH $NBL $PXD more@ http://t.co/RPeaHBZz9y
Stock Signaling
29 Aug 14 16:01:10
After Hours Price Advances: $KBH $S $PGH $MEMP $INVN $CDE $PXD $ARIA $RGEN $PGNX $SCI $ARNA $SWIR $APH $JNS http://t.co/Vtx6dLy0Nw #analyst
Becky Hiu
29 Aug 14 14:11:01
Basic materials sector (ind oil/gas names)-check out those charts. Very nice. $MUR $HP $CNX $SWN $NBL $PXD $RDC $APC for eg at first glance
merrillmouse
29 Aug 14 13:06:49
US1 $ABBV $ACM $AIG $AVY $BX $C $CSX $CHKP $CYH $DIS $EIX $EMN $EQIX $ERJ $ESRX $F $HES $MET $MMM $NUE $NWL $NXPI $OZM $PXD $STJ $VZ $WHR
Market Int Center
29 Aug 14 10:12:37
Pioneer Natural Resources $PXD Showing Support Near $202.71 ( http://t.co/dbJiKPZ0NY )
Market News
29 Aug 14 07:43:04
$PXD: Pioneer Natural Resources (PXD)'s Refining Capacity Saturation Dilemma http://t.co/g8oZG8WEws http://t.co/BuuXN3LKaI
Seeking Alpha
29 Aug 14 07:30:03
Approach Resources Is Significantly Undervalued http://t.co/h0g4p0Fx99 $ATHL $FANG $PXD $CXO $AREX
Catalyst Trader
29 Aug 14 07:11:25
$PXD chart http://t.co/qmLSEoQA2o $PXD long entry here at trend line support for a best in breed Permian & Eagle Ford energy name
WKRB News
29 Aug 14 04:28:29
Canaccord Genuity Lowers Pioneer Natural Resources to Hold $PXD http://t.co/YZIKXIRYD3
Alysia Sarkisian
28 Aug 14 22:47:10
RT @SeekingAlpha: Approach Resources Is Significantly Undervalued http://t.co/12TfgEWr1r $ATHL $FANG $PXD $CXO $AREX
John Michael
28 Aug 14 22:47:04
RT @SeekingAlpha: Approach Resources Is Significantly Undervalued http://t.co/12TfgEWr1r $ATHL $FANG $PXD $CXO $AREX
Seeking Alpha
28 Aug 14 22:44:12
Approach Resources Is Significantly Undervalued http://t.co/12TfgEWr1r $ATHL $FANG $PXD $CXO $AREX
Brenda Smith
28 Aug 14 19:44:47
RT @chartsmarter: ChartSmarter Friday Game Plan: http://t.co/uBahPxnNxR "energy and retail relationships" $PXD $WMT http://t.co/lVr6EfAtyZ
Stockaholics
28 Aug 14 16:11:42
$VIIC ran up 720% Today in an explosive move! Our new picks are coming soon: http://t.co/EdxLh9u5Nx $JNPR $PXD $NVE
Market Updates
28 Aug 14 14:42:48
$PXD: Pioneer Natural Resources to Participate At The Simmons European Energy Conference http://t.co/x6TJMa3Ncw http://t.co/nLWPPqglyE
LT
28 Aug 14 13:54:56
Started positions in $CJES and $PXD
$Stocknewsalerts
28 Aug 14 13:21:48
$PXD ALERT: New Pioneer Natural Resources Company SEC Filing From our Stock News Alerts App
Market Newswire
28 Aug 14 12:01:33
Pioneer Natural Stays Focused on Improving Output & Reserve - August 28, 2014 - http://t.co/5f5T1znMxv $PXD #stock #mkt #stocks
Kevin Prigel
28 Aug 14 10:50:03
$PXD spent $297M to buy a frac sand supplier in 1Q2012. With gains in $SLCA, $EMES, $HCLP, are they sitting on a billion + $ hidden asset?
SombreroBerto
28 Aug 14 10:28:35
$mhr $tplm $hk $oxy $pxd check out $PE Someone woke up today.
Business News Now
28 Aug 14 08:42:49
$PXD: Pioneer Natural Resources Earnings: 1 Number Investors Can't Afford to Miss http://t.co/BWZyoSpX10 http://t.co/11bTLIIen3
				
				
By  +Follow October 16, 2013 7:35AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.