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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.

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 PXD
Estimize
30 Oct 14 08:49:09
@M5amhan $PXD is reporting earnings for Q3 2014 on 11/04/14 – http://t.co/fRjFl53PgQ
Estimize
30 Oct 14 08:48:48
@dripperdan $PXD is reporting earnings for Q3 2014 on 11/04/14 – http://t.co/fRjFl53PgQ
Daily Contracts
30 Oct 14 07:43:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/dsJRtklyeX
HotKeyTrading
30 Oct 14 07:00:05
Gap Ups: $CI $BBG $TTMI $OMG $CEB $AMCX $PXD $XEC $CNC $GTE $TDW $HK $SFY $AREX $CIE http://t.co/XQITF0lRKD #stockmarket #stock #mkt #nyse
wininstocks2014
30 Oct 14 05:19:53
PXD 186.10 Stock Charts $PXD Pioneer Natural Resources Co. (NYSE) Last Updated: 10/30/2014 07:20:00 PXD Stock http://t.co/bwMObMzGCG
Stockaholics
29 Oct 14 20:34:58
$MLCG closed up 166.67% today! Huge News: http://t.co/JxSMla9Afn $JNPR $PXD $NVE
HotKeyTrading
29 Oct 14 19:00:05
Gap Ups: $BBG $TTMI $OMG $CEB $AMCX $PXD $XEC $CNC $GTE $TDW $HK $SFY $AREX $CRK $CIE http://t.co/Vv2VEn80mr #investing #spy #dow #stock
Daily Contracts
29 Oct 14 13:04:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/dsJRtklyeX
Lucretia
29 Oct 14 13:01:40
$PXD Pioneer Natural Resources to Double Its Exports of Ultra-Light Oil http://t.co/LJohVBNphM
Stockaholics
29 Oct 14 12:56:33
Subscribe to our Penny Stock Newsletter, for the best penny stock picks, for FREE: http://t.co/5DC8vbG515 $JNPR $PXD $NVE
Bill Westmoreland
29 Oct 14 06:46:43
Watching $TWC for a long at 145.56 and $PXD for a long at 193.28.
FOBManny
29 Oct 14 05:51:37
RT @StkConfidential: Analyst notes: $GILD, $PXD, $SAVE, $WAB, $AGN, $SHPG, $UTHR targets raised; $FB, $PCLN, $INVN, $KORS cut; $AMZN, $VIPS…
Paul Johnson
29 Oct 14 05:50:29
Analyst notes: $GILD, $PXD, $SAVE, $WAB, $AGN, $SHPG, $UTHR targets raised; $FB, $PCLN, $INVN, $KORS cut; $AMZN, $VIPS started w/ overweight
Seeking Alpha
29 Oct 14 02:48:06
Permian Oil And Infrastructure And Al Hosn Gas Are Value Levers For Occidental Petroleum http://t.co/1BKMgFJJ5M $APA $ETP $PXD $RSPP $OXY
CSIMarket.com
28 Oct 14 22:16:52
Pioneer Natural Resources Co $PXD scheduled third quarter earnings release: Pioneer Natural Resources Co one... http://t.co/6acRskq7BP
Stockaholics
28 Oct 14 20:11:09
After 371% Gains Our New Penny Stock Pick Is Coming Tomorrow! Get It Early: http://t.co/Nmnx36zJMR $JNPR $PXD $NVE
Al Sabogal
28 Oct 14 17:24:10
@needgoodcharts @DrPaulyDeSantis I am long $PXD calls but way underwater and have a $NBR stock position established near here
Envestor First
28 Oct 14 16:12:35
"@JFinDallas: Our $FANG from the now to be famous "Goldman/Gartman Whale Oil dip" yesterday now flying... names strong $PXD $EOG $LNG"
Stockaholics
28 Oct 14 12:16:53
After 371% Gains A Major New Penny Stock Pick Is Coming: http://t.co/1aBeBJdWkA $JNPR $PXD $NVE
4-traders.com
28 Oct 14 10:15:04
Pioneer Natural Resources : Reliance seeks sale of Eagle Ford stake http://t.co/zE8UO7EYGA $PXD $C
Market Int Center
28 Oct 14 09:31:03
Pioneer Natural Resources $PXD Showing Resistance Near $181.36 ( http://t.co/2aoYxonz6c )
Ben Silverberg
28 Oct 14 08:26:33
$FANG nice pop, up +3.9% at midday; joining the party, $PXD +1.9% $OXY +1.2% $CXO +1.5% $CWEI +5.5%
Jean Fonteneau
28 Oct 14 07:47:49
Our $FANG from the now to be famous "Goldman/Gartman Whale Oil dip" yesterday now flying... Many other names strong $PXD $EOG $LNG
Carmen Hill
28 Oct 14 07:29:03
$PXD (Pioneer) records 7.86 maximum drawdown: http://t.co/ubZ8PEHcRB
Stockaholics
27 Oct 14 19:51:50
371% Gains And A New Penny Stock Pick Is Coming Today! Get It Early: https://t.co/jbhQATzxpj $JNPR $PXD $NVE
$$$ Money $$$
27 Oct 14 17:02:18
$XLE $EMES $DVN $PXD Energies back to bearish trend.
Kristin
27 Oct 14 16:59:30
Posted this Oct 14, source of news were right. Oil per barrel @$74. $GS 2weeks late. $FANG $PXD $EMES $XLE http://t.co/Ml2QhdPlYX
Lazarus Investments
27 Oct 14 14:34:03
Goldman on #oil. What happened to being contrarian? Report says: we still like shale scale winners $PXD, $CXO, $COG http://t.co/ROEmLZSwpM
Penny Stock Secret
27 Oct 14 13:34:14
The Hottest Way to Make Millions From Stock Market.Click HERE http://t.co/SVqoMkrw2z .. $PWR $PX $PXD
Stockaholics
27 Oct 14 11:38:46
371% Gains And A New Penny Stock Pick Is Coming Today! Get It Early: https://t.co/jbhQATzxpj $JNPR $PXD $NVE
HotKeyTrading
27 Oct 14 07:30:04
Gap Downs: $XEC $ORAN $OPK $VIV $GPOR $PXD $TD $PKD $TLM $KOG $MDR $CZZ $AXAS $EXXI $TSU http://t.co/XQITF0lRKD #analyst #markets #nyse
Becky Hiu
27 Oct 14 06:55:17
"@TraderRL23: $XOP -5.4% $CXO -6% $PXD -4.5%"
Robert Lesnicki
27 Oct 14 06:54:58
$XOP -5.4% $CXO -6% $PXD -4.5%
Daily Contracts
27 Oct 14 06:38:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/dsJRtklyeX
Jack Trader
27 Oct 14 05:01:13
$PXD Andreas Halvorsen Increases Stake in Pioneer Natural Resources http://t.co/G7kyyBi0Zx
Jeffrey Blake
27 Oct 14 05:01:11
$PXD Pioneer Natural Resources to Double Its Exports of Ultra-Light Oil http://t.co/EAWxhjAoQj
Chris Kader
26 Oct 14 17:33:36
@wandy922 @talkequities Oil and gas: two momo names and a core hold. $PXD and $LNG momo, $OXY core
Dr. Paul DeSantis
26 Oct 14 16:48:32
$XLE $PXD $OXY $SLB Implied VOL near record levels, very tempting to get short VOL here @alsabogal http://t.co/YUHXWwi3TN
Stockaholics
26 Oct 14 11:01:05
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $JNPR $PXD $NVE
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25 Oct 14 12:02:15
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George Maniere
25 Oct 14 08:22:48
@TJReazor Longer time frame = good oil stocks a buy on pullbacks. $EOG, $PXD, $CLR, CVX, $XOM are just a few.
Stockaholics
24 Oct 14 23:05:38
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/Wsu24zYrur $JNPR $PXD $NVE
Stockaholics
24 Oct 14 13:44:12
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $JNPR $PXD $NVE
FilingsAnalysis
24 Oct 14 12:55:07
$PXD, 13G filed by Viking Global Investors LP http://t.co/n8g4gZGM8B
Stock Relay
24 Oct 14 12:38:26
$SOHOL 52Wk High Click Here: http://t.co/oS77vJ4ZVK Also See: $HCT $PXD $AWAY $YUME ~
mr13g
24 Oct 14 12:38:05
$PXD SC 13G Filed By: Viking Global Investors Lp, Subject: Pioneer Natural Resources Co http://t.co/DQ6OlI7Q1n
$Stocknewsalerts
24 Oct 14 12:30:16
$PXD ALERT: New Pioneer Natural Resources Company SEC Filing From our Stock News Alerts App
whalewisdom
24 Oct 14 12:25:09
New SC 13G from VIKING GLOBAL INVESTORS LP concerning $PXD. See details at http://t.co/NPK6iXnKBD
NASDAQ
24 Oct 14 12:25:04
$PXD - Statement of Ownership (sc 13g) http://t.co/0wEqFt94cR
Market Int Center
24 Oct 14 11:52:04
Pioneer Natural Resources $PXD Showing Support Near $177.01 ( http://t.co/zmneHo5CJS )
				
				
By  +Follow October 16, 2013 7:35AM
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