Pioneer Natural Resources

PXD-N

NYSE:PXD

133.10
0.09 (0.07%)
Pioneer Natural Resources Company is an American petroleum, natural gas, and natural gas liquids exploration and production company organized in Delaware and headquartered in Irving, Texas.
More at Wikipedia

Analysis and Opinions about PXD-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
September 21, 2017

(Top Pick Oct 17/16, Down 23%) He used a stop loss. The tidal theme went out and he exited. After a difficult year he got stopped out. He was X-energy until about a month ago.

(Top Pick Oct 17/16, Down 23%) He used a stop loss. The tidal theme went out and he exited. After a difficult year he got stopped out. He was X-energy until about a month ago.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$142.010
Owned
Yes
TOP PICK
TOP PICK
October 17, 2016

He looks for groups that have become out of favour over a period of time, where breadth has been expanding. There are winners and losers when a sector goes through the kind of blow up that energy did. This company has very little debt, and have just about the lowest finding costs in the Permian Basin. They can drill holes and produce oil for just less than $50 a barrel. They have 55% of their production hedged forward, over the next 2 years. They have capital in the bank to complete their drilling programs over the next 2 years. If you think that the price of oil can be anything above $50, they will have the opportunity to not only make money, but to make acquisitions of companies that are not financially sound. Dividend yield of 0.04%.

He looks for groups that have become out of favour over a period of time, where breadth has been expanding. There are winners and losers when a sector goes through the kind of blow up that energy did. This company has very little debt, and have just about the lowest finding costs in the Permian Basin. They can drill holes and produce oil for just less than $50 a barrel. They have 55% of their production hedged forward, over the next 2 years. They have capital in the bank to complete their drilling programs over the next 2 years. If you think that the price of oil can be anything above $50, they will have the opportunity to not only make money, but to make acquisitions of companies that are not financially sound. Dividend yield of 0.04%.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$184.280
Owned
Yes
BUY
BUY
November 6, 2013

The groups in energy that have been doing well, are those exploration/development companies that are in very specific geographic regions where there are very low finding costs and, with technology, are growing reserves aggressively. This one is in the Permian Basin in Texas, one of the oldest US oil fields. They believe they have 8 Bakken zones stacked one on top of the other and have about 1200 drilling targets. A high growth company. His one concern is that WTI prices have been backing off in the last few weeks. While it has less impact on these companies that are finding oil, ultimately, if it gets tough enough, it will impact all oil stocks.

The groups in energy that have been doing well, are those exploration/development companies that are in very specific geographic regions where there are very low finding costs and, with technology, are growing reserves aggressively. This one is in the Permian Basin in Texas, one of the oldest US oil fields. They believe they have 8 Bakken zones stacked one on top of the other and have about 1200 drilling targets. A high growth company. His one concern is that WTI prices have been backing off in the last few weeks. While it has less impact on these companies that are finding oil, ultimately, if it gets tough enough, it will impact all oil stocks.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$198.550
Owned
Yes
TOP PICK
TOP PICK
September 12, 2013

There are several regions that have had big growth in reserves and production in the last 2-3 years. This company has enormous land holdings in the Permian basin and the Eagleford and have pioneered Fracing of sand and getting tremendous net backs on the drilling. Doing, $60-$65 a barrel. Have about 1200 drilling targets they can work on over the next few years. Very, very strong balance sheet.

There are several regions that have had big growth in reserves and production in the last 2-3 years. This company has enormous land holdings in the Permian basin and the Eagleford and have pioneered Fracing of sand and getting tremendous net backs on the drilling. Doing, $60-$65 a barrel. Have about 1200 drilling targets they can work on over the next few years. Very, very strong balance sheet.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$186.810
Owned
Yes
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