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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.


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Results for PXD
MICHAEL FILLOON
28 Nov 14 18:22:24
Energy names sharply lower as oil dives http://t.co/L0hgIkXub7 $XOM, $CVX, $SLB, $COP, $EOG, $PXD, $OXY, $HAL, $APC http://t.co/9kPCXXnldW
Zayne Mckinnell
28 Nov 14 14:25:28
nYMPJX6nPr "energy lit it up Tues" $TDW $PXD $LPI $CXO
WKRB News
28 Nov 14 13:24:35
Pioneer Natural Resources Reaches New 12-Month Low at $139.06 $PXD http://t.co/yGlcXWqXaj
MVS
28 Nov 14 13:16:47
@JackieDeAngelis this is true... It's all fascinating! Some of these energy stock sell offs today were historic. look at $PXD & CLR. OMG! :)
Stockaholics
28 Nov 14 12:46:37
Our Penny Stock Pick On $STTK Is Up 128.57% In 2 Days! Major Update: http://t.co/oR27rFfh2v $JNPR $PXD $NVE
TalkMarkets
28 Nov 14 12:03:28
#OPEC Says No To Production Cut: #Crude Dips Below $70 $APA $NBL $MUR $PXD $MILL $SN $FST http://t.co/53DCy1J8eL
Thomas Collins
28 Nov 14 12:02:36
$PXD 3 Reasons Pioneer Natural Resources' Stock Could Rise Again http://t.co/gz5Wcq3w8J
DennyCrane
28 Nov 14 11:19:05
RT @FZucchi: Too thin 2 draw conclusions, but bonds of even high debt E&Ps like $GDP r REMARKABLY steady relative to stk plunges (contd) $X…
Sarah Schoonmaker
28 Nov 14 11:16:56
Shorting $PXD, $APC, $BHI, $HAL, and $EOG provided for a profitable morning. Monday: relief bounce or more bleeding?
Market Int Center
28 Nov 14 10:49:18
Potential Pioneer Natural Resources $PXD Trade Has 5.72% Downside Protection ( http://t.co/uWtBsm1zWA )
Berkutchi
28 Nov 14 10:00:11
$PXD Geronimoooooo...
Al Sabogal
28 Nov 14 09:50:19
@DrPaulyDeSantis well if you liked $PXD at 200, you must really love it here!!! :->
Al Sabogal
28 Nov 14 09:48:29
@DrPaulyDeSantis luckily (for today) my $OAS & $PXD calls were already almost worthless :->
ronin245
28 Nov 14 09:47:30
$EMES $SLCA $FANG $PXD , $CL_F at lows http://t.co/igYYFD0vb3
Dr. Paul DeSantis
28 Nov 14 09:47:11
@alsabogal feeling my energy concrete boots today for sure $PXD $APC
Johnny Trades
28 Nov 14 09:41:38
$PXD Massacre $OAS $CLR $BAS
Penny Stock Secret
28 Nov 14 08:00:16
Premium Alerts Ranked #1 For Gains 2834% Last Week http://t.co/SVqoMlijqL .. $JNPR $PXD $NVE
Suzie Smith
28 Nov 14 07:54:22
$PXD sold to open the Jan 195 puts naked credit $48.50 I am ok with getting put the stock.
Richard Steinberg
28 Nov 14 07:44:06
RT @GiovannyMoreano: 37% of stocks in the S&P Energy sector are trading at a new 52-week low. | $SLB $OXY $HAL $APA $PXD $MRO $NBL $CAM $MU…
HumbleBioTrader
28 Nov 14 07:35:25
RT @GiovannyMoreano: 37% of stocks in the S&P Energy sector are trading at a new 52-week low. | $SLB $OXY $HAL $APA $PXD $MRO $NBL $CAM $MU…
FZucchi
28 Nov 14 07:25:10
Too thin 2 draw conclusions, but bonds of even high debt E&Ps like $GDP r REMARKABLY steady relative to stk plunges (contd) $XLE $XOP $PXD
Myles Udland
28 Nov 14 07:24:28
RT @GiovannyMoreano: 37% of stocks in the S&P Energy sector are trading at a new 52-week low. | $SLB $OXY $HAL $APA $PXD $MRO $NBL $CAM $MU…
Giovanny Moreano
28 Nov 14 07:23:14
37% of stocks in the S&P Energy sector are trading at a new 52-week low. | $SLB $OXY $HAL $APA $PXD $MRO $NBL $CAM $MUR $ESV $RIG $HP $NE
Technical Charting
28 Nov 14 07:14:15
$CHK pt 15.50 $PXD 135.00
Johnny Trades
28 Nov 14 07:08:55
$OAS $CLR $WLL $EOG $PXD Blood in the streets
Elon Musketeer
28 Nov 14 06:45:20
$PXD vwap short here
Reza Panah
28 Nov 14 06:44:11
#Energy #Oil #OPEC - OK So I didn't get it right - I really did believe they would cut & support prices ! $CEO $PXD $SLB All hit hard !
Large Void Bot
28 Nov 14 06:33:18
New 52wk Lows: $CIE $GTE $MDU $PKD $PXD $SGY $SPN $TGA
Alexander Morris
28 Nov 14 06:10:11
$PXD: GapDN 8.06[-5.0%,fill:49%], PrvCl:160.81, PrvLo:160.50, 0NewLo, PrvCLo-, FltBO-, PDayGp-, 29:6Accel-, allTFs-, medFlt:141M
CEK
28 Nov 14 04:38:23
@talkequities @wandy922 Definitely $PXD or $SLB
Seeking Alpha
28 Nov 14 01:54:53
Income Investor Tips For Tax-Loss Harvesting http://t.co/7J2fnYCwGt $AGG $APA $ARCP $CVX $KYN $PBR $PXD $SPY $XLE
TickerChirp
28 Nov 14 01:02:11
Prevalent Tweets About $PXD (Pioneer Nat Resources C symbol PXD) on 11/28/2014 http://t.co/WJI0lXmbVJ
Stockaholics
27 Nov 14 23:41:13
Our Penny Stock Pick On $STTK Is Up 128.57% In 2 Days! Major Update: http://t.co/oR27rFfh2v $JNPR $PXD $NVE
Stockaholics
27 Nov 14 18:02:18
Our Penny Stock Pick On $STTK Is Up 128.57% In 2 Days! Major Update: http://t.co/oR27rFfh2v $JNPR $PXD $NVE
Stockaholics
27 Nov 14 13:26:25
Our Penny Stock Pick On $STTK Is Up 128.57% In 2 Days! Major Update: http://t.co/oR27rFfh2v $JNPR $PXD $NVE
Daily Contracts
27 Nov 14 12:56:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/dsJRtlclD9
Irma Doucet
27 Nov 14 12:30:51
$PXD Pioneer Natural Resources (PXD) Stock Is Down After Company Prices Public ... http://t.co/aDNUPPogCF
CEK
27 Nov 14 09:06:05
@talkequities @wandy922 Make my $PXD pay off!! Always about the $$$$!!
Penny Stock Secret
27 Nov 14 07:56:43
This Guy Is Making Millions! Watch This Video Proof Here At http://t.co/SVqoMlijqL .. $JNPR $PXD $NVE http://t.co/KZb94DBqvi
Lawrencia Jones
26 Nov 14 22:48:49
Shale Oil Boom Drives The Demand For Frac Sand: Shale Oil Boom Drives The Demand For Frac Sand $PXD, $HAL, $BH... http://t.co/eW1wss7pMi
John Stig
26 Nov 14 22:48:48
Shale Oil Boom Drives The Demand For Frac Sand: Shale Oil Boom Drives The Demand For Frac Sand $PXD, $HAL, $BH... http://t.co/w0gKsbF94R
Rajesh Thakur
26 Nov 14 22:48:47
Shale Oil Boom Drives The Demand For Frac Sand: Shale Oil Boom Drives The Demand For Frac Sand $PXD, $HAL, $BH... http://t.co/lmxr6dmuhb
Stockaholics
26 Nov 14 21:58:15
Our Penny Stock Pick On $STTK Is Up 128.57% In 2 Days! Major Update: http://t.co/oR27rFfh2v $JNPR $PXD $NVE
holycharts
26 Nov 14 20:00:03
Sell-signal detected for 7 stocks: $DG $XRX $FB $HAS $NWSA $PXD $RIG
Horacio Irving
26 Nov 14 17:16:36
Are you considering selling $FMC $FITB $PXD $QLYS #NASDAQ http://t.co/WQWBHRujZL
Roxann Bayer
26 Nov 14 16:40:00
#Stocks you might want to hold onto $APA $PXD $TTC $BWP Must see http://t.co/t8zXzeOABX
Tom Loffman
26 Nov 14 16:37:19
Biggest losers today large caps: $KLAC -20.01% $CLR -5.03% $CNHI -4.55% $AR -4.22% $HTZ -3.88% $PXD -3.54% $CPG -3.07% $LNG -2.94%
Asha Carvalho
26 Nov 14 16:20:19
Looking for the next $PXD $SDRL $LOW $AMZN #equity http://t.co/h4ivXn4jeB
equities.com
26 Nov 14 16:18:23
Pioneer Natural Resources Co. (PXD) Falls 3.54% for November 26 $PXD http://t.co/WFljLamNVA
Jonie Gallegos
26 Nov 14 15:18:31
This weeks Stocks you should Watch $CWH $VMC $PXD $ISRG Give it a try http://t.co/s6K5ZhTknT
				
				
By  +Follow October 16, 2013 7:35AM
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