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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
TradingView
23 May 15 14:50:01
$PXD - PXD - https://t.co/E5wdegY07p
Gavin Martinsson
23 May 15 14:44:39
@KymLang that big drop on $PXD is due to einhorn
TV_Trading Ideas
23 May 15 14:43:09
PXD $PXD http://t.co/3eat1rbHSd
Kym L
23 May 15 14:42:22
$PXD Daily https://t.co/KL0PPdzgMM via http://t.co/xwjHFVSbOf
Kym L
23 May 15 14:34:46
$PXD looks to be basing nicely here
Stock Rocket
23 May 15 12:17:03
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Stockaholics
23 May 15 11:12:05
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23 May 15 11:05:12
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Stock Dawgzz
23 May 15 09:50:36
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfPSxdM $JNPR $PXD $NVE
Stock Rocket
23 May 15 08:58:37
Our Stock Alerts Gained Over 1300% In Less Than 3 Months! See Our New Picks: http://t.co/keLIhbbQwg $JNPR $PXD $NVE
Nissa Darbonne
23 May 15 08:08:11
GHS' Mike Kelly on M&A, #PermianBasin, #Marcellus, differentials, Einhorn: http://t.co/Hc9vOxccrJ $EGN, $PXD, $PE, $FANG, $RRC, $LPI, $CHK
binaryoptionsocial
23 May 15 06:56:23
bosocial: IHPosts2: ZIOP ZIOPHARM Oncology, Inc. E.P.S. http://t.co/1UHMXIPFCw $ZIOP $GILD $JNK $PXD #ZIOP #inv… http://t.co/Csk7miIhta
binaryoptionsocial
23 May 15 06:54:00
IHPosts2: ZIOP ZIOPHARM Oncology, Inc. E.P.S. http://t.co/1UHMXIPFCw $ZIOP $GILD $JNK $PXD #ZIOP #invest #nasdaq http://t.co/Csk7miIhta
Jake13
23 May 15 06:51:18
XLF Financials Select Sector SPDR Volume http://t.co/HB81yOa17q $XLF $PXD $TIVO $BLDR #XLF #stocks #finance
Investors Hangout
23 May 15 06:51:14
ZIOP ZIOPHARM Oncology, Inc. E.P.S. http://t.co/VqNS6P9q2h $ZIOP $GILD $JNK $PXD #ZIOP #invest #nasdaq
danrocks
23 May 15 06:48:35
WFM Whole Foods Market, Inc. Bid Size http://t.co/yWb7Az7YCm $WFM $XLP $CDE $PXD #WFM #invest #pennystocks
jim50
23 May 15 06:47:09
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Emylers
23 May 15 06:47:08
TRQ Turquoise Hill Resources Ltd. Chart http://t.co/CYx7Yx9cv7 $TRQ $GDXJ $PXD $TZA #TRQ #tradeideas #share
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23 May 15 06:44:19
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23 May 15 06:44:07
ROLL RBC Bearings Inc. Dividend http://t.co/395aUJWpUm $ROLL $CTRP $PXD $PSK.TO #ROLL #share #share
DennyT
23 May 15 06:44:06
PXD Pioneer Natural Resources Co. Investor Opinions http://t.co/G7tNdZZs3L $PXD $STLD $NUGT $DANG #PXD #finance #share
Investors Hangout
23 May 15 06:44:06
PXD Pioneer Natural Resources Co. Company Info http://t.co/m5HMbNSwak $PXD $TROV $RSP $WFM #PXD #share #stock
Emylers
23 May 15 06:43:39
PTTRX PIMCO Total Return Fund - Institutional Bid Size http://t.co/Dm2eiRR5Oq $PTTRX $CVX $PXD $ARIA #PTTRX #tradeideas #invest
Emylers
23 May 15 06:43:39
PXD Pioneer Natural Resources Co. Last Trade http://t.co/0iHDj93voS $PXD $SCTY $BIIB $AMZN #PXD #pennystocks #stocks
lookn4wins
23 May 15 06:43:38
PXD Pioneer Natural Resources Co. Bid http://t.co/RHOnU2INEl $PXD $ABMD $SLTD $NRZ #PXD #investing #nasdaq
Investors Hangout
23 May 15 06:43:37
PXD Pioneer Natural Resources Co. Message Board Posts http://t.co/sejA7CHKV6 $PXD $IFN $FWDG $UA #PXD #nasdaq #invest
Lucky Jimmy
23 May 15 06:43:36
PXD Pioneer Natural Resources Co. Change http://t.co/mTKmQgZIeD $PXD $SCTY $LNG $MDR #PXD #stocks #nasdaq
Stock_Tracker
23 May 15 06:43:36
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Investors Hangout
23 May 15 06:41:07
MDR Mcdermott Intl, Inc. Financials http://t.co/CvFJGPGGXe $MDR $PXD $HABT $MDY #MDR #stockmarket #nasdaq
Stock Forums
23 May 15 06:41:06
LUV Southwest Airlines Co. Ex-Div Date http://t.co/Eg7drdC8Zu $LUV $ABMD $PXD $EDW.V #LUV #stock #share
Emylers
23 May 15 06:41:06
LUV Southwest Airlines Co. Ask http://t.co/VgOl1LYk6r $LUV $USO $PXD $SMH #LUV #nasdaq #share
lookn4wins
23 May 15 06:40:37
KR Kroger Co. Last Trade http://t.co/O96C1pQQ4T $KR $APC $PXD $SLV #KR #stock #finance
leahanne
23 May 15 06:39:34
IBIO iBio Inc. Short Sales http://t.co/n8B4euFZHo $IBIO $ITB $PXD $BUD #IBIO #nasdaq #stockmarket
Stock Forums
23 May 15 06:39:20
HPQ Hewlett-Packard Co. Day High http://t.co/kXB1MXPvMQ $HPQ $UUP $GWPH $PXD #HPQ #pennystocks #stockmarket
Jake13
23 May 15 06:39:15
HZNP Horizon Pharma plc Change http://t.co/2KpkyXZUbp $HZNP $INTC $VPOR $PXD #HZNP #invest #tradeideas
danrocks
23 May 15 06:36:21
DIS Walt Disney Co. Short Sales http://t.co/teLAWFz1Ao $DIS $ACT $PXD $DDD #DIS #tradeideas #invest
jim50
23 May 15 06:36:17
DANG E-Commerce China Dangdang Inc. Financials http://t.co/gxcJ8mm5kH $DANG $PXD $IYT $HYG #DANG #stocks #finance
Stock_Tracker
23 May 15 06:36:11
DIS Walt Disney Co. Short Sales http://t.co/QoYyvqR2cF $DIS $ACT $PXD $DDD #DIS #tradeideas #invest
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23 May 15 06:34:36
BUD Anheuser-Busch InBev ADR Last Price http://t.co/oYWHIXeQaL $BUD $PXD $FCX $FV #BUD #investing #stock
IH News Desk
23 May 15 06:33:42
AXP American Express Co. P/E Ratio http://t.co/9dgSX0k9cB $AXP $TQQQ $PXD $AVD #AXP #stock #finance
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23 May 15 06:33:40
BLTA Baltia Airlines Inc. 52Wk High http://t.co/YIXKrXDqDx $BLTA $PXD $IYR $DEPO #BLTA #investing #tradeideas
nasdaqfan
23 May 15 06:33:08
AXP American Express Co. Message Board Posts http://t.co/G8G3kWmgZM $AXP $PXD $DANG $AGU #AXP #stocks #finance
Stock_Tracker
23 May 15 06:32:32
ANIP ANI Pharmaceuticals, Inc. Summary http://t.co/eAEhFFxjwI $ANIP $PXD $SWKS $GG #ANIP #stock #investing
DennyT
23 May 15 00:51:20
XLV Health Care Select Sector SPDR E.P.S. http://t.co/vESlt9JDXO $XLV $PXD $ROST $CI #XLV #share #stock
DennyT
23 May 15 00:51:19
X USX-US Steel Group, Inc. Exchange http://t.co/PSs7p2zi07 $X $EWY $PXD $QLD #X #tradeideas #share
Investors Hangout
23 May 15 00:51:12
XLK Technology Select Sector SPDR Ideas http://t.co/7cLbi8b7Do $XLK $PXD $DNR $BXE #XLK #stockmarket #investing
nasdaqfan
23 May 15 00:51:11
X USX-US Steel Group, Inc. Current Price http://t.co/K8dWAEkby0 $X $PXD $CE $KRE #X #pennystocks #tradeideas
Stock_Tracker
23 May 15 00:49:10
TWTR Twitter, Inc. 52Wk High http://t.co/Vg63uGEvlG $TWTR $IGV $PXD $DOW #TWTR #share #investing
danrocks
23 May 15 00:49:07
TNK Teekay Tankers Ltd. Volume http://t.co/u5fjAcGU9n $TNK $PXD $INTC $RE #TNK #stockmarket #invest
				
				
By  +Follow October 16, 2013 7:35AM
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