One stock that has caught my attention the last couple months has been Pioneer Natural Resources (PXD).
Simply put, every analyst or article I've read agrees PXD has a solid balance sheet, exceptional management, favorable hedging positions through 2016, low production costs, and some of the most productive oil field acreage in the business. Plus, the stock seems to be trending higher within a trading channel that bears the appearance of a good strong bottoming formation – even while trading more than 30% below its 52-week high.
U.S. Shale Oil
Shale is still a dangerous place to play, no doubt about it. Oil and gas prices continue to flirt with a continuation of their precipitous declines since last June 20th. Further oil-price deterioration would surely affect shale companies like PXD.
On the other hand, if you're game for a little bottom-fishing and want to stay with high quality, take a look at Pioneer. Continue reading "An Interesting Shale Play"