I got into PXD a week or so ago. It has a nice roll to it. Probably not enough action for the techsters in the crowd, but I'm attracted to the slow mo. And I love how x-dev can rack up some serious gains compared to a neutral buy and hold. My override on this setup would be to wait for the second or third buy signal and then pounce.
"Pioneer Natural Resources is an independent oil & gas exploration and production company with operations in the United States, South Africa, Argentina and Canada. For the 6 months ended 6/30/03, revenues rose 84% to $626.6M. Net income before accouning change rose from $9.2M to $146M.Revenues reflect higher production levels of natural gas and oil. Earnings also benefited from lower operating expenses as a percentage of sales."
Fundamental Data P/E Ratio 16.25 Beta 0.60 Float (mil) 116.70 Shares Outstanding (mil) 117.84 Earnings Per Share (MRQ) 0.65 Market Capitalization (mil) $2,955.40 Price/Book Value (MRQ) 2.09 Book Value (mil) 12.00 Dividend Rate 0.00 Yield % NA Last Split Date NA Last Split Factor 0.00
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