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
Stockaholics
21 Sep 14 03:01:38
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $JNPR $PXD $NVE
Stockaholics
20 Sep 14 08:13:15
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $JNPR $PXD $NVE
Spill Report
19 Sep 14 12:19:04
#spill reported in Las Animas County, CO at a site owned by Pioneer Natural $PXD - http://t.co/uyFPf8qMhJ http://t.co/awfv336NzU
Evener Investment
19 Sep 14 08:10:01
RT @SeekingAlpha: Update: New Acquisitions, Reserves And Communications From Parsley Energy http://t.co/BU2Lgi5wfl $CXO $PXD $RSPP $PE
Seeking Alpha
19 Sep 14 08:08:16
Update: New Acquisitions, Reserves And Communications From Parsley Energy http://t.co/BU2Lgi5wfl $CXO $PXD $RSPP $PE
Stock Rocket
18 Sep 14 23:50:02
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $JNPR $PXD $NVE
Ticker Report
18 Sep 14 17:52:15
Insider Selling: Pioneer Natural Resources EVP Sells 6,762 Shares of Stock $PXD http://t.co/dvUCAUav9n
InterCooler
18 Sep 14 17:06:27
Pioneer Natural Resources EVP Chris J. Cheatwood Sells 6,762 Shares $PXD http://t.co/235rujs5go
US Banking News
18 Sep 14 17:05:12
Pioneer Natural Resources EVP Chris J. Cheatwood Sells 6,762 Shares $PXD http://t.co/mKcreJrcda
Daily Contracts
18 Sep 14 14:22:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/dsJRtklyeX
$Stocknewsalerts
18 Sep 14 13:46:36
$PXD ALERT: New Pioneer Natural Resources Company SEC Filing From our Stock News Alerts App
NASDAQ
18 Sep 14 13:46:06
$PXD - Statement of Changes in Beneficial Ownership (4) http://t.co/lP7QDtq0Ea
InsiderTradingWire
18 Sep 14 13:45:11
CHRIS CHEATWOOD J, EVP, BD & Geoscience of Pioneer Natural R Sells $1,406,496 Worth of $PXD - #Form4 ... - http://t.co/A4orrN7l5B
Daily Contracts
18 Sep 14 13:21:01
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/dsJRtklyeX
Market Int Center
18 Sep 14 11:21:04
Potential Pioneer Natural Resources $PXD Trade Targets 6.03% Return ( http://t.co/JP5NvbqzhJ )
Reza Panah
18 Sep 14 10:46:32
$PXD 60-minutes indicators getting closer to turning up - Could be a nice entry point here - But $SPX not managing to break out is a -ve !
Stock Rocket
18 Sep 14 10:32:32
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/h5N34SPJ6o $JNPR $PXD $NVE
Riskwise Management
18 Sep 14 08:05:57
Adding some fuel to the trade. Short $PXD - $EOG spread. EOG looking bullish... We'll see..
US Banking News
18 Sep 14 06:13:41
Morningstar Issues “BBB” Credit Rating to Pioneer Natural Resources $PXD http://t.co/s13Dzo1UXA
Sleek Money
18 Sep 14 06:10:39
Morningstar Issues “BBB” Credit Rating to Pioneer Natural Resources $PXD http://t.co/4aM1cWodXS
Stock Signaling
18 Sep 14 01:31:14
Basic Materials Sector: Upgrades: $SVLC $CQP $FCX $BHI $BBG $KOS $AREX $AUQ $SM $PTEN $MEMP $ABX $NOR $CVRR $PXD http://t.co/Vtx6dLy0Nw #mkt
Stock Rocket
17 Sep 14 22:01:32
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $JNPR $PXD $NVE
Stock Rocket
17 Sep 14 15:01:45
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/h5N34SPJ6o $JNPR $PXD $NVE
gordon gekko is god
17 Sep 14 13:04:40
Goldman: Time to buy volatility http://t.co/RfXgr8Q0Sx $BMY, $DISH, $INTC, $F, $JCP, $PXD
4-traders.com
17 Sep 14 12:40:05
Pioneer Natural Resources : Announces Closing of Sale of Hugoton, Kansas Assets http://t.co/HxoUguz80o $PXD
Market Int Center
17 Sep 14 08:41:07
Pioneer Natural Resources $PXD Showing Neutral Technicals With Resistance At $212.97 ( http://t.co/ygZE13QCNs )
Reza Panah
17 Sep 14 07:57:13
Not Never, but avoid jumping in on the the first trade signal, usually there will always be a 2nd chance e.g. $PXD $SLB $VMW $CF $CEO
Sandman
17 Sep 14 04:22:56
RT @chartsmarter: ChartSmarter Wednesday Game Plan: http://t.co/lLN6aAy96t "the trend is your friend" $EOG $PXD $CELG http://t.co/jK1EpGlqaK
Dave Neville
17 Sep 14 04:00:51
RT @chartsmarter: ChartSmarter Wednesday Game Plan: http://t.co/lLN6aAy96t "the trend is your friend" $EOG $PXD $CELG http://t.co/jK1EpGlqaK
Douglas Busch
17 Sep 14 04:00:26
ChartSmarter Wednesday Game Plan: http://t.co/lLN6aAy96t "the trend is your friend" $EOG $PXD $CELG http://t.co/jK1EpGlqaK
Stockaholics
17 Sep 14 01:06:41
Our Platinum Penny Stock Picks, Gained 90% In The Past 2 Days! Get our next pick early: http://t.co/hep0lGZUgZ $JNPR $PXD $NVE
Vishal
16 Sep 14 21:59:41
$PXD - Falling Wedge Breakout http://t.co/iXMGwzXTIr
Tina
16 Sep 14 21:24:41
$PXD 210.69 overhead, bullish MACD on daily.
Kristin
16 Sep 14 17:29:34
$XLE daily supp 6month sure held 92 piv.$FANG @ $75, $EMES 118, $PXD foretold the early supp as it defended 200ma piv on daily.
Sandman
16 Sep 14 15:20:24
RT @chartsmarter: ChartSmarter Wednesday Game Plan: http://t.co/qxLwKQEOhI "the trend is your friend" $EOG $PXD $CELG http://t.co/kSmZCcpR…
Dave Neville
16 Sep 14 14:43:26
RT @chartsmarter: ChartSmarter Wednesday Game Plan: http://t.co/qxLwKQEOhI "the trend is your friend" $EOG $PXD $CELG http://t.co/kSmZCcpR…
Cameron
16 Sep 14 14:35:27
RT @chartsmarter: ChartSmarter Wednesday Game Plan: http://t.co/qxLwKQEOhI "the trend is your friend" $EOG $PXD $CELG http://t.co/kSmZCcpR…
Douglas Busch
16 Sep 14 14:34:04
ChartSmarter Wednesday Game Plan: http://t.co/qxLwKQEOhI "the trend is your friend" $EOG $PXD $CELG http://t.co/kSmZCcpR4u
Stockaholics
16 Sep 14 12:06:25
$BRNW Ran Up 145% So Far Today! Huge News: http://t.co/0NGNmaYblA $JNPR $PXD $NVE
Market Int Center
16 Sep 14 11:02:43
Pioneer Natural Resources $PXD Trading Near $196.89 Support Level ( http://t.co/8elSZnAnBx )
Reza Panah
16 Sep 14 10:06:59
$PXD Took my eyes off the ball & missed this lovely move today !
Estimize
16 Sep 14 09:32:32
@TrembFredrick The WS consensus for $PXD Q3 2014 has shifted significantly downwards - http://t.co/DWtRxyjLWv
Stockaholics
16 Sep 14 09:02:03
$AZFL Gained 68.2% In Just 3 Days, After Our Penny Stock Alert! Huge Update: http://t.co/f6EXGyxEe9 $JNPR $PXD $NVE
12Stocks.com
16 Sep 14 08:52:13
S&P500 #Stocks Performance $HUM $ALTR $MU $GMCR $PXD $XLNX $TSO $GT $X $GILD $CELG $HP $PSX $TSN $MAC $EOG more@ http://t.co/RPeaHBZz9y
Daily Contracts
16 Sep 14 08:47:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/dsJRtklyeX
Stockaholics
15 Sep 14 22:07:10
Our SECRET Alert on $INOH Closed Up 60% For Platinum Members Today! Major News: https://t.co/HzD6J3YtmW $JNPR $PXD $NVE
Woll Street
15 Sep 14 21:05:10
https://t.co/GIQWBJXB8w $PXD has some scalp potential if clears lower red line... targets above are red lines.
Stockaholics
15 Sep 14 18:24:07
Our SECRET Alert on $INOH Closed Up 60% For Platinum Members Today! Major News: https://t.co/HzD6J3YtmW $JNPR $PXD $NVE
Jesus Cryptos
15 Sep 14 16:24:25
RT @Bidnessetc: #USA Oil Majors Continue To Lobby For Increased Exports http://t.co/XSRPQsVhkh $EPD $PXD $XOM $CVX $RDS.A $BP $MSBHY $MITSY
Bidness Etc
15 Sep 14 16:22:50
#USA Oil Majors Continue To Lobby For Increased Exports http://t.co/XSRPQsVhkh $EPD $PXD $XOM $CVX $RDS.A $BP $MSBHY $MITSY
				
				
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.