How much can Pioneer Natural Resources increase production?
When West Texas Intermediate crude was struggling to stay above $50 a barrel, the important issues for a U.S. oil shale producer such as Pioneer Natural Resources (PXD) were How much of production in 2018 was hedged above $50 a barrel? and How quickly the company...
Pioneer earnings got the whole oil shale worry thing started
Back on August 1 Pioneer Natural Resources (PXD) reported second quarter earnings of 21 cents a share, beating the Wall Street consensus by 10 cents a share. Revenue climbed 107% year over year to $1.63 billion, way ahead of the Wall Street consensus at $1.06 billion....
Trying to put a date and figure on the peak in U.S. oil production
How soon will U.S. oil production from wells in oil shale geologies peak? It’s the big question for U.S. oil producers and for a global oil market swimming in excess inventory. As long as U.S. oil production continues to increase all of OPEC’s production...
Oil’s big day as OPEC and U.S. oil shale both produce big news
U.S. benchmark West Texas Intermediate closed up 4.21% to $48.25 a barrel today, July 25. International benchmark Brent climbed 3.93% to $50.51 a barrel. Big moves. Exactly what you’d expect on a day when both OPEC and U.S. shale producers produced big news. On...
Today it’s all about oil–again
As of noon New York time, U.S. benchmark set Texas Intermediate was off 2.9% to $42.92 a barrel–below, again, not just $45 but the $43 a barrel level that has provided support. International benchmark Brent crude was off 2.56% to $45.71. A break in Brent below...
Picks for the Permian Boom Part 2–Among shovel-makers my choice is Helmerich & Payne
I’ve been arguing recently that you need to own a piece of the Permian Basin in your portfolio. On February 10 https://jubakpicks.com/my-first-picks-for-buying-a-piece-of-the-permian/ I even gave you my first two picks, producers Pioneer Natural Resources (PXD)...
Oil gets crushed as traders lose patience with stubbornly higher supply
“If it wasn’t for bad luck, I’d have no luck at all,” Walter Mosley wrote. Today it was “If it wasn’t for bad news, there’s be no news at all” for the oil sector. Oil prices got crushed today with U.S. benchmark West Texas...
My first picks for buying a piece of the Permian
I’ve been arguing recently–in posts on my paid JubakAM.com site like this one http://jubakam.com/2017/01/red-hot-permian-goes-to-white-hot-with-another-big-acquisition-and-freaks-out-global-oil-market/ and on this site with posts like “Permian power!...
Permian Power! Pioneer Natural crushes production guidance
Update: February 8, 2017. Shares of Pioneer Natural Resources (PXD) closed up today, February 8, by 3.85% after this big player in the low-cost Permian Basin blew past earnings estimates and released aggressive guidance on future production growth. The company’s...
On my paid sites: Long-term options trade on Facebook and Apple
It’s been quite a while since I shared with you what I’ve been thinking and writing about on my paid sites. Yes, that’s sites. Plural. Which explains why I haven’t filled you in since July. I’ve been busy building a second site,...
Pioneer Natural Resources updates production plans; I’d look to buy if OPEC/Non-OPEC meeting this weekend disappoints
Update December 6, 2016. Pioneer Natural Resources (PXD), one the biggest oil shale producers in the low cost Permian Basin, filled in some details on its post-OPEC agreement on reducing production today at the Cowen & Co. Energy Conference. The company said it...
Oil and oil stocks soar today as OPEC agreement is stronger than Wall Street expected
Yesterday I wrote that the financial markets’ reaction to whatever came out of OPEC’s meeting today would depend on how weak or strong the agreement to cut production was. Well, the actual agreement announced today to cut oil production was far stronger...
What oil glut? Pioneer announces that it will add 5 rigs, increasing production by 13% to 17%
Update September 22. At the Johnson Rice energy conference yesterday, Pioneer Natural Resources (PXD) announced that it plans to add 5 new horizontal drilling rigs to the 12 already at work on its leased acreage in the northern Spraberry/Wolfcamp area of the Permian...Jim’s Daily Email Alerts:
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