Mesa Offshore Trust (fka MOSH)

[apostrophe]

pxd vs. comparables

There has been some tea-leaf reading in regard to pxd's drop in share price /sell-off. The thing is, pretty much all the oils are selling off in addition to everything else. So it's hard to say how much the pending lawsuit is bearing on pxd's price since some of it could be swamped out by current market conditions.

On the other hand,

I randomly picked some "comparables", well, they are o&g, mostly gas, as much as they are somewhat known, I think similar business to pxd, and so forth and overlaid a 1 year price chart for each on top of pxd's.

Interestingly, sure enough, there does seem to be a "loss of bouyancy" in Dec. for pxd which i think is around when the lawsuit stuff started to come out. Its peers were broaching previous highs,or at least maintaining their trendlines, but pxd failed to do so and it does seem to be dipping harder now.

I also recall pxd being recommended on NBR a while back, so one would think that the previous positive WS sentiment would be helping it more. So, maybe there is some effect...