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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
merrillmouse
21 Aug 14 13:11:19
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
Daily Contracts
21 Aug 14 11:43:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/JoHMFuP2Kd
Financial News
21 Aug 14 10:42:42
$PXD: 5 Things Pioneer Natural Resources' Management Wants You to Know http://t.co/qZwDm6Fwyz http://t.co/vSp66Muo7u
Wanda B.
21 Aug 14 10:14:50
RT @Fibonacciqueen: $PXD had a nice pullback and has held so far...206.70 is a minor target off this time frame...risk is below 201.70 http…
Carolyn Boroden
21 Aug 14 09:50:05
$PXD had a nice pullback and has held so far...206.70 is a minor target off this time frame...risk is below 201.70 http://t.co/bl5YTWV37O
RationalInvestor
21 Aug 14 09:19:25
http://t.co/XQPTdAeWm3 $CWEI $CIE $PXD
Daniel Shine
21 Aug 14 06:57:44
$PXD if you can handle a $4 stop, and a Nov swing horizon, then this is a pretty good RR trade
InterCooler
21 Aug 14 05:20:58
Pioneer Natural Resources $PXD Declares Quarterly Dividend of $0.04 http://t.co/IiBM0vHFwm
US Banking News
21 Aug 14 04:29:54
Pioneer Natural Resources announces quarterly dividend of $0.04. Payable on 10/10/2014. 0.08% Yield. http://t.co/MtoIzBIUbT $PXD #PXD
Business News Now
20 Aug 14 16:42:53
$PXD: Pioneer Natural Resources Earnings: 1 Number Investors Can't Afford to Miss http://t.co/BWZyoSI6f8 http://t.co/Ty9sFvZTP5
MICHAEL FILLOON
20 Aug 14 16:37:07
Pioneer Natural Resources declares $0.04 dividend http://t.co/Ft0atJCn4W $PXD
InterCooler
20 Aug 14 15:18:03
Pioneer Natural Resources $PXD Declares Quarterly Dividend of $0.04 http://t.co/U4yvkm2nQK
Wanda B.
20 Aug 14 15:16:38
RT @Fibonacciqueen: $PXD let's take a peek http://t.co/3F063KkyY2
US Banking News
20 Aug 14 15:11:29
Pioneer Natural Resources $PXD Declares Quarterly Dividend of $0.04 http://t.co/VFLWxn0H0w
Carolyn Boroden
20 Aug 14 14:54:31
$PXD let's take a peek http://t.co/3F063KkyY2
Forex Insight
20 Aug 14 14:53:11
RT @ForTraders: Pioneer Natural Resources : to Participate At The Simmons European Energy Conference http://t.co/9lI8t5YNfw $PXD
$Stocknewsalerts
20 Aug 14 14:51:29
$PXD Pioneer Natural Resources to Participate At The Simmons European Energy Conference From our Stock News Alerts App
NASDAQ
20 Aug 14 14:50:05
$PXD - Pioneer Natural Resources to Participate At The Simmons European Energy Conference http://t.co/fjlkXWjeHp
4-traders.com
20 Aug 14 14:50:04
Pioneer Natural Resources : to Participate At The Simmons European Energy Conference http://t.co/9lI8t5YNfw $PXD
Dave Neville
20 Aug 14 14:48:20
Pioneer Natural Resources Declares Dividend on Common Shares: Business Wire http://t.co/ofMDbYiiJW via @MSN_Money $PXD
BV Basic Materials
20 Aug 14 14:48:02
$PXD Pioneer Natural Resources to Participate At The Simmons European Energy Conference.. http://t.co/svjhxymo1w
Biz Headlines
20 Aug 14 13:42:53
$PXD: Pioneer says 400,000 barrel of condensate exported last week by Enterprise http://t.co/Ftis1JaMk8 http://t.co/b56EJT15kf
$Stocknewsalerts
20 Aug 14 13:38:58
$PXD Pioneer Natural Resources Declares Dividend on Common Shares From our Stock News Alerts App
MarketCurrents
20 Aug 14 13:38:04
Pioneer Natural Resources declares $0.04 dividend http://t.co/mFgBmSc1CP $PXD
NASDAQ
20 Aug 14 13:31:08
$PXD - Pioneer Natural Resources Declares Dividend on Common Shares http://t.co/Td27nLz4Rk
BV Basic Materials
20 Aug 14 13:30:47
$PXD Pioneer Natural Resources Declares Dividend on Common Shares.. http://t.co/1xGGxmOdwZ
Media Sentiment
20 Aug 14 10:34:54
$PXD received a new alert. Find out why at http://t.co/WHJp8eTsSr #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 312
Johnny Trades
20 Aug 14 10:31:41
$PXD Working off the 200 print this can have some room till 214
Market Int Center
20 Aug 14 10:31:34
Pioneer Natural Resources $PXD Showing Bearish Technicals With Resistance At $206.39 ( http://t.co/S2ktkKc1uD )
Market Updates
20 Aug 14 07:42:52
$PXD: LINN Energy Announces $340 Million Acquisition From Pioneer Natural ... http://t.co/f21KHvKzpP http://t.co/QzZKrf0mYP
Investors Observer
20 Aug 14 07:07:03
Hedged Trading ideas for $TJX, $MBLY, $NFLX, $PXD and $SWHC from InvestorsObserver. http://t.co/AuvlgYXchq #optionstrading #stockmarket
Julian Close
20 Aug 14 07:07:03
Hedged Trading ideas for $TJX, $MBLY, $NFLX, $PXD and $SWHC from InvestorsObserver. http://t.co/T78EhSN8X3 #optionstrading #stockmarket
merrillmouse
19 Aug 14 13:19:05
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
Catalyst Trader
19 Aug 14 12:42:38
Energy recent under performance, but many consolidating near support. $XEC $PXD $CXO $CRZO $WLL strong earnings worth a look here
Dr. Paul DeSantis
19 Aug 14 12:03:08
@SJosephBurns @Lhommeancien agree ive made a conscious effort to do that this year $PXD $GILD $ISIS etc
Czech Racer
19 Aug 14 11:26:17
@jimcramer Jim, I have been in the mtns of WY so missed some updates...off the grid. Need Cramerica fix. Quick thoughts on $pxd?
Business Updates
19 Aug 14 10:42:35
$PXD: Pioneer Natural Q2 Earnings Beat Estimates, Revenues Miss http://t.co/5nIPNetHO6 http://t.co/7Z1umCE2Am
MOHAMMAD ALZAHRANI
19 Aug 14 09:54:20
$AAPL $GOOG $PCLN $NFLX $FB #OPTIONS $PXD 205 call 29Aug op:3.30$
Market Int Center
19 Aug 14 09:50:00
Potential Pioneer Natural Resources $PXD Trade Targets 3.28% Return ( http://t.co/52mAX68GgE )
Seeking Alpha
19 Aug 14 09:37:42
Is Valero Energy A Good Investment? http://t.co/C3wpBao5Jh $CST $EPD $PXD $VLO
Daniel Shine
19 Aug 14 05:48:02
$EOG if it get anywhere close to $100, back up the truck. It's only down in sympathy w/ $PXD
chartguy89
18 Aug 14 18:12:41
PXD 204.04 Stock Charts $PXD Pioneer Natural Resources Co. (NYSE) Last Updated: 08/18/2014 20:12:41 PXD Stock http://t.co/hPa19kq6Vp
Market Monitor
18 Aug 14 14:42:41
$PXD: Pioneer Natural Resources sells Barnett Shale holdings http://t.co/Ii8YvxMMPx http://t.co/kCEV9ANTcM
4-traders.com
18 Aug 14 14:25:03
PIONEER NATURAL RESOURCES : Regulation FD Disclosure (form 8-K) http://t.co/yXKsfDGs2l $PXD
$Stocknewsalerts
18 Aug 14 14:23:06
$PXD ALERT: New Pioneer Natural Resources Company SEC Filing From our Stock News Alerts App
BV Basic Materials
18 Aug 14 14:20:28
$PXD Pioneer Natural Resources Co files Form 8-K (Events or Changes Between Quarterly Reports) SEC Fil.. http://t.co/hJTiUov2QF
John Michael
18 Aug 14 13:45:26
RT @SeekingAlpha: What Investors Should Make Of Linn Energy's Recent Portfolio Reshuffling http://t.co/bG6M3rCRgg $LNCO $PXD $LINE
FARES EL AROUI
18 Aug 14 13:45:11
RT @SeekingAlpha: What Investors Should Make Of Linn Energy's Recent Portfolio Reshuffling http://t.co/bG6M3rCRgg $LNCO $PXD $LINE
Seeking Alpha
18 Aug 14 13:44:21
What Investors Should Make Of Linn Energy's Recent Portfolio Reshuffling http://t.co/bG6M3rCRgg $LNCO $PXD $LINE
merrillmouse
18 Aug 14 13:27:59
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
				
				
By  +Follow October 16, 2013 7:35AM
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