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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
PENNYBUSTER
2 Sep 15 16:16:27
RT @SA_MacroView: The OPEC Catalyst As U.S. Production Slowly Declines http://t.co/lhSo6FKono $APA $ECA $ENLC $ETP $OXY $PXD $RSPP
PENNYBUSTER
2 Sep 15 15:10:04
RT @SAlphaTrending: The OPEC Catalyst As U.S. Production Slowly Declines http://t.co/s52cRZSN2t $APA $ECA $ENLC $ETP $OXY $PXD $RSPP
Ken Clark
2 Sep 15 13:56:29
RT @SpillReport: #spill in Las Animas Co., CO at a site owned by Pioneer Natural $PXD http://t.co/WyCkZumYjs http://t.co/Z2GsZYhR0r
Stocks824
2 Sep 15 13:02:18
$PXD closed at hod, as did $TSLA. 30-min charts working beautifully today.
DailyStockPicks
2 Sep 15 12:03:29
$ANFI spiking hard just like $ACI. 100%+ upside potential P/E of 3 $CVX $GM $PXD $MNK $VIPS $GIS investors read http://t.co/L1jwUVoc1O
Spill Report
2 Sep 15 12:00:27
#spill in Las Animas Co., CO at a site owned by Pioneer Natural $PXD http://t.co/WyCkZumYjs http://t.co/Z2GsZYhR0r
Stocks824
2 Sep 15 10:50:51
$PXD and $USO doing well from 30-minute chart alert earlier
Stocks824
2 Sep 15 09:43:28
In big board land, 30-minute charts on $USO and $PXD looking ripe for a bounce later this afternoon
danrocks
2 Sep 15 09:06:07
Right now PXD is number 122 for the largest percentage gain out of 246 stocks. $PXD PXD is up +6.94% in the la http://t.co/LYpYsROXHw
InsiderTradingWire
2 Sep 15 09:00:18
$PXD | Pioneer Natural Resources Compa is down 23% since we reported $2,054,125 of insider selling on ... - http://t.co/FDSXCylLqM
wsnewspublishers
2 Sep 15 08:33:21
News Alert on: http://t.co/jlRiNiRnJr $DNKN $PAYX $PXD $PRU
wsnewspublishers
2 Sep 15 08:24:53
News Alert on: http://t.co/IF5QMFsADS $DNKN $PAYX $PXD $PRU
DailyStockPicks
2 Sep 15 06:48:05
$ANFI huge bounce play like $ACI. 100%+ upside potential P/E of 3 $CVX $GM $PXD $MNK $VIPS $GIS investors read http://t.co/L1jwUV6Bag
BreakingStocksNews
2 Sep 15 06:37:03
$PAYX $PXD: News Alert on: Dunkin Brands Group Inc(NASDAQ:DNKN), Paychex …: http://t.co/dkl6kkPRP4
The Legacy News
2 Sep 15 05:58:45
Morningstar Assigns “BBB” Credit Rating to Pioneer Natural Resources $PXD http://t.co/W9fOskQwER
Sleek Money
2 Sep 15 05:51:58
Morningstar Assigns “BBB” Credit Rating to Pioneer Natural Resources $PXD http://t.co/U0Q1Ul8rA6
InvestWithConf
2 Sep 15 04:16:02
$PXD is rated BUY, 45.5% upside by Wall Street analysts based on average ratings/targets http://t.co/rWJjusgKkK http://t.co/rmmVtouzal
TradingView
1 Sep 15 15:10:02
$PXD - Technical Short Entered - https://t.co/TjckCE5a5Y
Trade Forex Signals
1 Sep 15 15:09:13
Technical Short Entered $PXD http://t.co/S3oIqNZBNc ~ via http://t.co/Kd2qwcsyit
TV_Trading Ideas
1 Sep 15 15:07:58
Technical Short Entered $PXD http://t.co/zoxSOLTGbP
Stocks824
1 Sep 15 11:52:28
$PXD didn't participate on that oil spike before, stayed low and then headed lower that it was when oil was at that price before spike
Joachim Dressler
1 Sep 15 10:27:19
RT @SAlphaTrending: The OPEC Catalyst As U.S. Production Slowly Declines http://t.co/s52cRZSN2t $APA $ECA $ENLC $ETP $OXY $PXD $RSPP
Trending Articles SA
1 Sep 15 10:00:02
The OPEC Catalyst As U.S. Production Slowly Declines http://t.co/s52cRZSN2t $APA $ECA $ENLC $ETP $OXY $PXD $RSPP
$Stocknewsalerts
1 Sep 15 09:29:51
$PXD Pioneer Natural Resources to Present at Barclays CEO Energy-Power Conference From our Stock News Alerts App
danrocks
1 Sep 15 09:20:44
Right now PXD is number 146 for the largest percentage gain out of 250 stocks. $PXD PXD is up +10.04% in the l http://t.co/AYYARGbYAK
Seeking Alpha
1 Sep 15 08:48:02
The OPEC Catalyst As U.S. Production Slowly Declines http://t.co/1Q9jOrH698 $APA $ECA $ENLC $ETP $OXY $PXD $RSPP
Stock Market Outlook
1 Sep 15 08:48:01
The OPEC Catalyst As U.S. Production Slowly Declines http://t.co/lhSo6FKono $APA $ECA $ENLC $ETP $OXY $PXD $RSPP
Energy Stocks SA
1 Sep 15 08:48:01
The OPEC Catalyst As U.S. Production Slowly Declines http://t.co/wYzHNzKgff $APA $ECA $ENLC $ETP $OXY $PXD $RSPP
Seeking Alpha
1 Sep 15 08:48:01
The OPEC Catalyst As U.S. Production Slowly Declines http://t.co/AJGKm3qzop $APA $ECA $ENLC $ETP $OXY $PXD $RSPP
Penny Stock Secret
1 Sep 15 07:04:32
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here http://t.co/NovWYe2RAx .. $JNPR $PXD $NVE
DailyStockPicks
1 Sep 15 07:00:04
$ANFI huge bounce play like $ACI. 100%+ upside potential P/E of 3 $CVX $GM $PXD $MNK $VIPS $GIS investors read http://t.co/L1jwUV6Bag
StockNewsWires
1 Sep 15 06:52:02
$GLRE $MU $GM $AAPL $PXD $CNX $GMCR: Greenlight Capital Down 14% for Year: http://t.co/2PE9Coz7FP
Sleek Money
1 Sep 15 03:21:36
Traders Sell Pioneer Natural Resources on Strength $PXD http://t.co/8F7D0JKLJk
stockpucker
31 Aug 15 16:36:59
RT @tangentstyle: What was investor community reaction to Einhorn $PXD short? Obv went well for him, but what did ppl think of the idea? Oi…
Tangent Style
31 Aug 15 15:27:16
What was investor community reaction to Einhorn $PXD short? Obv went well for him, but what did ppl think of the idea? Oil and luck at play?
Tangent Style
31 Aug 15 15:25:39
Finally read thru Einhorn $PXD pres, agreeing till I looked @ model. CapEx growth (7.1%) drives it, seems 2 aggro: 20Y growth, 20Y plateau
dailystockplays.com
31 Aug 15 15:12:02
MACD Bullish http://t.co/fTDHcVWrh7 $GWW $XBI $SIAL $PII $PXD $CLB $ROK $RARE $CXO $EMB $AGU $LEA $GWRU $VDE $LGND $SOXX $WDC $CVX
parkland
31 Aug 15 11:54:34
@jimcramer @JustinPulitzer @RedDogT3 @ScottWapnerCNBC Did Greenlight cover 106 in $PXD? 3 days ago?? @TheDomino
Peter Bardens
31 Aug 15 11:15:14
$PXD Eye-Catching Stocks - Pioneer Natural Resources (NYSE:PXD), Walgreens Boots ... http://t.co/x2wUZSPcx4
Alexander Morris
31 Aug 15 10:21:02
$PXD: 1mRunaway+:1 [+3%,.1%offHi], 1NearHi, PrvCHi, 2:3Accel+, tf:0111111; TLM:1.3; ILM:1.0, PrvClGap-[-1.5%], DyVol:1.59M:0.5x:0.5x,
danrocks
31 Aug 15 10:01:15
Right now PXD is number 187 for the largest percentage gain out of 250 stocks. $PXD PXD is up +7.44% in the la http://t.co/xSLfQSVdPm
Activist Stocks
31 Aug 15 09:41:32
Seth Klarman: It Hurts So Good http://t.co/6W1FaGugK1 $MU $PXD $LNG ICYMI
Daily Contracts
31 Aug 15 09:15:02
Real-Time feed of company contracts, original agreements and executive updates from $PXD http://t.co/dsJRtklyeX
Johnny Trades
31 Aug 15 09:11:18
Feels like Funds going for beaten down oil energy names $CLR $WLL $PXD $EOG $XOM
stockschamp
31 Aug 15 09:10:25
Gains Over 2500% In one Trade.. Subscribe Here! http://t.co/8WvnrVmkBS .. $PWR $PX $PXD
wsnewspublishers
31 Aug 15 08:35:18
Eye-Catching Stocks – http://t.co/DVuZmlxMNB $PXD $WBA $CA
Selena Anderson
31 Aug 15 08:09:21
$OAS $NFX $CRZO $EOG $PXD ... just crushed but good names
Penny Stock Secret
31 Aug 15 07:38:33
This Guy Is Making Millions! Watch This Video Proof Here At http://t.co/NovWYeksZ7 .. $JNPR $PXD $NVE
DailyStockPicks
31 Aug 15 05:54:00
$ANFI huge bounce play like $ACI up 18% on Friday. 100%+ upside potential $CVX $GM $PXD investors read http://t.co/L1jwUV6Bag
Stockmaster101
31 Aug 15 00:42:56
Gains Over 2500% In one Trade.. Subscribe Here! http://t.co/9Vnnw3s1D8 .. $JNPR $PXD $NVE
				
				
By  +Follow October 16, 2013 7:35AM
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