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 as a contributor and get eyeballs on your content FOR FREE!

Results for PXD
Stockaholics
20 Oct 14 20:24:14
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $JNPR $PXD $NVE
MICHAEL FILLOON
20 Oct 14 17:33:10
Pioneer Resources's equal weight at Morgan Stanley. $216.00 PT. http://t.co/9Cob1ahfEy $PXD #PXD via @RatingsNetwork http://t.co/ucgCUg8F7Z
Peter Bardens
20 Oct 14 15:02:38
$PXD Is It Time to Buy Pioneer Natural Resources' Stock? http://t.co/dOL7rbBgGa
$Stocknewsalerts
20 Oct 14 14:15:46
$PXD ALERT: New Pioneer Natural Resources Company SEC Filing From our Stock News Alerts App
4-traders.com
20 Oct 14 14:15:21
PIONEER NATURAL RESOURCES : Results of Operations and Financial Condition, Regulation FD Disclosure (form 8... http://t.co/9o3HYccBK6 $PXD
BV Basic Materials
20 Oct 14 14:15:12
$PXD Pioneer Natural Resources Co files Form 8-K (Events or Changes Between Quarterly Reports) SEC Fil.. http://t.co/o00zHPysq1
Stockaholics
20 Oct 14 12:07:58
After Massive Gains On Penny Stock Picks, another New Pick Is Coming! Check it out: http://t.co/YX0NLZhRQ5 $JNPR $PXD $NVE
Jean Fonteneau
20 Oct 14 09:58:57
$CL_F still a drag but oil stocks seems to think it's not going to $80 & below they have a decent bid again today $XLE $OIH $EOG $PXD $HCLP
InterCooler
20 Oct 14 08:20:46
Pioneer Natural Resources Rating Reiterated by Morgan Stanley $PXD http://t.co/Jo9RG6HC0f
Ticker Report
20 Oct 14 07:28:41
Pioneer Natural Resources’s “Equal Weight” Rating Reaffirmed at Morgan Stanley $PXD http://t.co/u87D2YfpIu
US Banking News
20 Oct 14 07:26:32
Pioneer Natural Resources Rating Reiterated by Morgan Stanley $PXD http://t.co/kF0accqPxB
US Consumer News
20 Oct 14 07:19:31
Pioneer Natural Resources's equal weight rating reiterated at Morgan Stanley. $216.00 PT. http://t.co/oGiypQ7Irz $PXD #PXD
Analyst Ratings
20 Oct 14 07:19:03
Pioneer Natural Resources's equal weight rating reiterated at Morgan Stanley. $216.00 PT. http://t.co/5tK82yL71U $PXD #PXD
Paul Johnson
20 Oct 14 06:16:32
Analyst notes: $SIRO, $ARMH, $FANG, $GNTX, $HAR, $JCI, $LVS, $PXD, $ATHN, $BWA targets cut, $REGN, $TWTR, $CBOE targets raised...
4-traders.com
19 Oct 14 23:20:06
Pioneer Natural Resources : Reliance seeks sale of Eagle Ford stake http://t.co/Pi8ITt6W7X $PXD $C
G_Schwarzenbach
19 Oct 14 11:59:51
RT @valuewalk: Weitz Value Fund Gains On $VRX, $DTV, $MSFT, $PXD, $APA; Buys $DISCA $PXP http://t.co/1Qsohcguqv $EBAY BRK.A $BRK.B $WFC
ValueWalk
19 Oct 14 11:56:53
Weitz Value Fund Gains On $VRX, $DTV, $MSFT, $PXD, $APA; Buys $DISCA $PXP http://t.co/1Qsohcguqv $EBAY BRK.A $BRK.B $WFC
Stockaholics
18 Oct 14 13:52:02
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $JNPR $PXD $NVE
Stockaholics
18 Oct 14 11:20:47
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $JNPR $PXD $NVE
StreetAuthority
17 Oct 14 09:30:24
$PXD $RICE $CHK reported different oil reserves to investors & to SEC. Here's my take: http://t.co/wPFyM6lRsH 1st reported by @BloombergNews
Lucretia
17 Oct 14 09:00:42
$PXD Is It Time to Buy Pioneer Natural Resources' Stock? http://t.co/KRAZBQb3j2
Jeffrey Blake
17 Oct 14 09:00:41
$PXD Pioneer Natural Resources to Double Its Exports of Ultra-Light Oil http://t.co/QaIzWyHRtj
StockSpotter
17 Oct 14 08:02:13
$PXD up 3.0% to 183.23 after bullish trade setup #stocks #options #trading http://t.co/vKSNSCTrVt
Market Int Center
17 Oct 14 07:23:35
Potential Pioneer Natural Resources $PXD Trade Has 7.64% Downside Protection ( http://t.co/aEJwlxVwK6 )
Al Sabogal
17 Oct 14 06:58:24
$PXD - 30pts off low http://t.co/YSXJdHlyjY
Ticker Report
17 Oct 14 05:13:38
Morningstar Gives BBB Credit Rating to Pioneer Natural Resources $PXD http://t.co/xY2tPOUps7
kenr0966
17 Oct 14 04:37:55
RT @Consestimate: 'Mad Money' Lightning Round: Stay the Course With Facebook. $FB, $REGN, $PXD. http://t.co/ydMi6T9wGT http://t.co/21lc10tZ…
Consestimate
17 Oct 14 04:23:16
'Mad Money' Lightning Round: Stay the Course With Facebook. $FB, $REGN, $PXD. http://t.co/ydMi6T9wGT http://t.co/21lc10tZBV
Consestimate
17 Oct 14 04:21:47
'Mad Money' Lightning Round: Stay the Course With Facebook. $FB, $REGN, $PXD. http://t.co/ydMi6T9wGT http://t.co/ImqmLFWSYy
Consestimate
17 Oct 14 04:20:34
'Mad Money' Lightning Round: Stay the Course With Facebook. $FB, $REGN, $PXD. http://t.co/ydMi6T9wGT http://t.co/kAexJRjSHM
audrey daum
17 Oct 14 03:46:51
RT @SeekingAlpha: Cramer's Lightning Round - You Get Good News From Regeneron (10/16/14) http://t.co/GlAzm3mktR $XOM $REGN $ACAD $PXD $D
Marketwizemedia
17 Oct 14 03:10:20
RT @SeekingAlpha: Cramer's Lightning Round - You Get Good News From Regeneron (10/16/14) http://t.co/GlAzm3mktR $XOM $REGN $ACAD $PXD $D
Seeking Alpha
17 Oct 14 03:09:01
Cramer's Lightning Round - You Get Good News From Regeneron (10/16/14) http://t.co/GlAzm3mktR $XOM $REGN $ACAD $PXD $D
Stockaholics
17 Oct 14 01:01:16
Platinum Penny Stock Picks Gained 125% last week! New Pick Coming Today! Check It Out: http://t.co/7gQJ2ZCjuq $JNPR $PXD $NVE
Stockaholics
16 Oct 14 17:06:45
ABPI Gained 1,587.50% In 3 days! Big News: http://t.co/7gQJ2ZCjuq $JNPR $PXD $NVE
SlushPit
16 Oct 14 16:52:28
RT @Ed_Crooks: Compare views of Scott Sheffield of $PXD: sub-$80 WTI means "some cutback", sub-$70 means "significant cutback". http://t.co…
Gotham City Capital
16 Oct 14 16:04:43
RT @BiotechMoney18: $XLE $PXD $CHK $EMES energy names on a good bouce back today.
$$$ Money $$$
16 Oct 14 15:09:10
$XLE $PXD $CHK $EMES energy names on a good bouce back today.
Silvio C P Camargo
16 Oct 14 12:24:32
RT @valuewalk: Selling The Shale Boom [CHART] http://t.co/VajLeaZdJT $CHK $PXD $MRO $KWK $GDP $RICE http://t.co/yeCZ2VuS1w
Market Int Center
16 Oct 14 11:30:01
Pioneer Natural Resources $PXD Showing Resistance Near $182.88 ( http://t.co/XrEm1scZBV )
Ed Crooks
16 Oct 14 10:54:34
Compare views of Scott Sheffield of $PXD: sub-$80 WTI means "some cutback", sub-$70 means "significant cutback". http://t.co/crDHmMyIzi
Robert Lesnicki
16 Oct 14 10:49:58
$PXD Important reversal to hold. Needs confirmation next week http://t.co/kvY0EwAWTI
Yu Zhu
16 Oct 14 10:30:39
RT @valuewalk: Selling The Shale Boom [CHART] http://t.co/VajLeaZdJT $CHK $PXD $MRO $KWK $GDP $RICE http://t.co/yeCZ2VuS1w
ValueWalk
16 Oct 14 10:26:43
Selling The Shale Boom [CHART] http://t.co/VajLeaZdJT $CHK $PXD $MRO $KWK $GDP $RICE http://t.co/yeCZ2VuS1w
Penny Stock Secret
16 Oct 14 10:11:12
This Guy Made $4 Million Trading Because He Knew How To Spot Stocks! Click Here http://t.co/SVqoMkrw2z .. $JNPR $PXD $NVE
Thomas Collins
16 Oct 14 09:00:45
$PXD Pioneer Natural Resources to Double Its Exports of Ultra-Light Oil http://t.co/L50oOOGfHX
Kristin
16 Oct 14 08:41:21
$EMES best in its class, $FANG $PXD. Trade EMES you can buy Hermes. It rhymes.
Large Void Bot
16 Oct 14 07:53:12
Daily Reversals: $CAM, $PXD, $VC, $LPLA, $TTI, $HAR, $NDSN, $UNT, $TPX
Robert Lesnicki
16 Oct 14 06:55:44
$XOP Red to green. Oil&gas is trying to bottom here. Watch $PXD $CXO $EOG
Irma Doucet
16 Oct 14 06:01:56
$PXD Is It Time to Buy Pioneer Natural Resources' Stock? http://t.co/OtaaXzpjmv
				
				
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.