Analyst Will Green of Stephens Inc. says Pioneer Natural Resources (PXD) is an independent oil and gas name worth paying attention to because it is starting from a solid position with one of the strongest balance sheets in the sector.
“They have a great asset base in the Permian Basin, very well-hedged for this year, so they’re not going to see too bad of an impact from the price of crude,” Green said.
FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE.
Green says Pioneer is better positioned than other independent oil names in the U.S. from both a balance sheet and asset base standpoint.
“I do think that it also — because it’s more oil levered, you do participate in some upside whenever oil, the supply and demand kind of fixes itself, and you actually get a rally in crude prices. I do think it’s well-positioned to benefit there,” Green said.
Pioneer Natural Resources (PXD) Drills and Develops Permian Basin Acreage
February 01, 2013
Pioneer Natural Resources (PXD) a Good Play in Weak Oil Price Environment
February 18, 2015
Pioneer Natural Resources (NYSE:PXD) to Grow Faster as Oil Prices Rise
October 24, 2016
QEP Resources Inc (QEP) Well-Positioned With $1 Billion Cash
February 10, 2015
Netflix well positioned for digital content transition
May 20, 2009
