$PXD Bullish options traded, but Bearish chart
Difficult to make a call in this stock with mixed perspectives among Fund Managers and Analysts. The charts has also mixed signals but is predominantly Bearish with increased selling pressure. Options traders however have been buying the $180 calls in quite high volume. We will sit on the sidelines and see how this plays out before considering a position.
Headquartered in Irving, Texas, Pioneer Natural Resources is an independent exploration and production company with operations throughout the southern and central United States. Following planned divestitures, Pioneer will be exclusively focused on the Midland portion of the Permian Basin in Texas. At year-end 2017, Pioneer's proven reserves were 985 million barrels of oil equivalent, or boe, with net production of 272 mboe per day. Oil and natural gas liquids represented 78% of production and 70% of proven reserves.
Headquartered in Irving, Texas, Pioneer Natural Resources is an independent exploration and production company with operations throughout the southern and central United States. Following planned divestitures, Pioneer will be exclusively focused on the Midland portion of the Permian Basin in Texas. At year-end 2017, Pioneer's proven reserves were 985 million barrels of oil equivalent, or boe, with net production of 272 mboe per day. Oil and natural gas liquids represented 78% of production and 70% of proven reserves.