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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for PXD
MICHAEL FILLOON
3 Aug 15 17:11:30
Notable earnings after Tuesday’s close http://t.co/6Y2zxKM3dj $CWEI, $DVN, $ENPH, $EOX, $MPO, $OAS, $PXD, $PQ http://t.co/wQxRXd7fof #oil
Michael James
3 Aug 15 15:52:04
After A Powerful 525% Gain On $GEQU, We Have A New Pick! Major News: http://t.co/oqwhLnQZ1q $JNPR $PXD $NVE
Paul Henry
3 Aug 15 15:40:57
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Check Out Tomorrow's New Pick: http://t.co/t0r9UuegVH $JNPR $PXD $NVE
binaryoptionsocial
3 Aug 15 15:36:31
$PXD:US A Peek At Pioneer Natural Resources In The Downturn #PIONEER NATURAL RESOURCES CO … http://t.co/XG5hVFJGig
FinSentS SP500
3 Aug 15 15:34:13
$PXD:US A Peek At Pioneer Natural Resources In The Downturn #PIONEER NATURAL RESOURCES CO http://t.co/VhrWDcgc4I #SP500
Michael Cook
3 Aug 15 15:31:41
Our Stock Alerts Gained Over 550% In 5 Weeks! See Our MASSIVE New Pick Coming Tomorrow: http://t.co/fGwKBvGfsd $JNPR $PXD $NVE
Kimberley Ford
3 Aug 15 15:25:58
RT @SeekingAlpha: Game Plan For The Week - Cramer's Mad Money (7/31/15) http://t.co/gqyinCgcPu $CLX $DENN $BMRN $CVS $REGN $SNY $PXD $RL $J…
Kimberley Ford
3 Aug 15 14:58:56
E&P: 2015 Capital Markets Update http://t.co/r3Omw5xnZj $NBL $ROSE $WPX $VNR $LRE $EROC $GPOR $PXD $SWN $WLL $LPI $CXO $XEC $NFX
King of investments
3 Aug 15 14:03:09
Pipelines Still Offer Dividend Shade In The Broiling Oilpatch http://t.co/VbO3Eq7EJn $KMI, $MMP, $PAA, $PXD, $SN, $WLL, $SXL
King of investments
3 Aug 15 14:02:29
A Peek At Pioneer Natural Resources In The Downturn http://t.co/nwXGWMluHS $PXD
Ashley Senn
3 Aug 15 13:34:44
E&P: 2015 Capital Markets Update http://t.co/g0wFhh3Myh $NBL $ROSE $WPX $VNR $LRE $EROC $GPOR $PXD $SWN $WLL $LPI $CXO $XEC $NFX
Hot Stock Bot
3 Aug 15 12:49:22
$PXD tumbles -2.63%, currently trading at $123.44
Dividend Investing
3 Aug 15 12:29:35
Pipelines Still Offer Dividend Shade In The Broiling Oilpatch http://t.co/VdUSM1vSqi $KMI $MMP $PAA $PXD $SN $WLL $SXL
Income Investing SA
3 Aug 15 12:29:35
Pipelines Still Offer Dividend Shade In The Broiling Oilpatch http://t.co/nqklF9DvP6 $KMI $MMP $PAA $PXD $SN $WLL $SXL
Seeking Alpha
3 Aug 15 12:29:34
Pipelines Still Offer Dividend Shade In The Broiling Oilpatch http://t.co/umhV6fImec $KMI $MMP $PAA $PXD $SN $WLL $SXL
Seeking Alpha Alerts
3 Aug 15 12:21:17
@CaseyA_033 $pxd A Peek At Pioneer Natural Resources In The Downturn http://t.co/iH1ELeVQxK
Long & Short Ideas
3 Aug 15 12:20:49
A Peek At Pioneer Natural Resources In The Downturn http://t.co/RBiOxjdjTa $PXD
Energy Stocks SA
3 Aug 15 12:20:49
A Peek At Pioneer Natural Resources In The Downturn http://t.co/tziyzubXzc $PXD
Seeking Alpha
3 Aug 15 12:20:48
A Peek At Pioneer Natural Resources In The Downturn http://t.co/nmRtwWtPLj $PXD
Janie Tracey
3 Aug 15 11:58:53
RT @FergCarlitos: $FANG this is a beast, going w/ $CL_F bounce. $PXD got away, off 120. @HughJRobbins
Breaking News Now
3 Aug 15 10:12:02
$LNG $PXD $LEHMQ: Baupost Lost 1.4% Last Quarter as Energy Bargains Proved Elusive: http://t.co/vaV1YrkG57
PrestonShingledecker
3 Aug 15 10:03:48
$PXD $XOM tend to buck market wide trends in short and are profitable if you enter with a plan and exit when parameters are met. No greed
Michael Cook
3 Aug 15 09:37:16
Our Stock Alerts Gained Over 550% In July! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $JNPR $PXD $NVE
Paul Henry
3 Aug 15 09:37:09
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpAiFK $JNPR $PXD $NVE
Michael James
3 Aug 15 08:57:09
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoXnIev $JNPR $PXD $NVE
Paul
3 Aug 15 08:43:48
Added more $PXD puts going into earnings tomorrow. Still holding $YANG calls, $GREK puts, and $EDZ calls.
Johnny Trades
3 Aug 15 07:53:00
$EOG Holding up well $PXD following
Myrollingstocks
3 Aug 15 07:25:17
Market opens in $PXD http://t.co/UAATRi8ADK
Myrollingstocks
3 Aug 15 07:25:17
Market opens in $PXD http://t.co/vuVT1hjJg0
myrollingstocks
3 Aug 15 07:25:16
Market opens in $PXD http://t.co/GhFyh3OosT
Retsialg
3 Aug 15 07:25:16
Market opens in $PXD http://t.co/NtRkCykGcA
Johnny Trades
3 Aug 15 06:46:09
Oil Oil $CL_F $CVX $XOM $EOG $PXD $APC $COP FEAR FEAR . Il stalking
investor wired
3 Aug 15 06:26:38
Institutional ownership of 4 stocks is at high levels: $YELP $PXD $PLL $UDR http://t.co/rBJLhaT3fq
investor wired
3 Aug 15 06:25:55
Strong Track Record Of EPS Growth: $KORS $PXD $FBHS $URI http://t.co/OyvFaAo4p7
Media Sentiment
3 Aug 15 06:05:11
$PXD received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 118
Market Int Center
3 Aug 15 06:03:58
Pioneer Natural Resources $PXD Showing Bearish Technicals With Support At $124.40 ( http://t.co/IWy9AvkL1Y )
Seeking Alpha
3 Aug 15 04:41:03
Game Plan For The Week - Cramer's Mad Money (7/31/15) http://t.co/gqyinCgcPu $CLX $DENN $BMRN $CVS $REGN $SNY $PXD $RL $JACK $FIT $TSLA
Dakota Financial
2 Aug 15 23:23:39
Pioneer Natural Resources $PXD Set to Announce Quarterly Earnings on Tuesday http://t.co/cQcVg8mEBL
Susan Allford
2 Aug 15 17:34:51
RT @TransEnergy: Credit Suisse upgrades energy E&P sector $EOG $EPE $PXD $DNR $APC $DVN $HES $CXO $CRZO $NBL $MUR http://t.co/ju6JmF9uKi
Britney Salvato
2 Aug 15 15:07:48
RT @FergCarlitos: $FANG this is a beast, going w/ $CL_F bounce. $PXD got away, off 120. @HughJRobbins
Joe W.
2 Aug 15 12:34:02
Bad news for $EOG $PXD https://t.co/VRpXUqsGwL
Myrollingstocks
2 Aug 15 07:25:14
Market opens in $PXD http://t.co/oACBILpD8V
Myrollingstocks
2 Aug 15 07:25:14
Market opens in $PXD http://t.co/4COY3m0eP3
myrollingstocks
2 Aug 15 07:25:14
Market opens in $PXD http://t.co/sAumgSIw0H
Retsialg
2 Aug 15 07:25:14
Market opens in $PXD http://t.co/GQVqUzTMjl
Michael James
2 Aug 15 06:30:37
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $JNPR $PXD $NVE
Michael Cook
2 Aug 15 06:28:27
Our Stock Alerts Gained Over 550% In July! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $JNPR $PXD $NVE
Paul Henry
2 Aug 15 06:27:58
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $JNPR $PXD $NVE
Envestor First
2 Aug 15 06:13:02
"@valuewalk Liquidation Of Crowded Hedge Fund Energy Positions http://t.co/p3JiKaX9CY $WPZ $PXD $CRCC $CHK $OXY $EOG http://t.co/PPXEMY3qTl"
Envestor First
2 Aug 15 06:12:45
"@WHITEROSS Is the fab five back or just a oversold bounce? $PXD $CXO $XEC $EOG $CRO??" Further downside possible short term.
				
				
By  +Follow October 16, 2013 7:35AM
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