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Stock Market & Financial Investment News

News Breaks
March 27, 2013
07:22 EDTPXDPioneer Natural named a new Top Pick at SunTrust
SunTrust named Pioneer Natural a new Top Pick and believes shares have underperformed due to concerns regarding its financing needs. The analyst expects its revolver capacity and net debt to EBITDA through 2014 to remain unchanged and views its Midland Basin assets as undervalued. Shares are Buy rated with a $6.50 price target.
News For PXD From The Last 14 Days
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September 24, 2014
09:08 EDTPXDPioneer Natural announces closing of Barnett Shale assets sale
Pioneer Natural announced that the company closed the previously announced sale of its Barnett Shale assets in North Texas to an undisclosed private party for cash proceeds of $155M, subject to normal closing adjustments. The transaction has an effective date of August 1. The financial and operating results related to Pioneer’s Barnett Shale activities have been reflected as discontinued operations since 4Q13 when Pioneer announced that it planned to sell these assets. Net production from the Barnett Shale averaged approximately 10,300 barrels oil equivalent per day during the first six months of 2014, consisting of oil, natural gas liquids and gas.

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