Seeking Alpha

Pioneer Natural Resources (PXD) and Pioneer Southwest Energy Partners (PSE) announce a combined...

Pioneer Natural Resources (PXD) and Pioneer Southwest Energy Partners (PSE) announce a combined secondary offering of 4.4M common units. PXD +1.5%, PSE -2.8% AH.
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Comments (2)
  • VeroMike
    , contributor
    Comments (248) | Send Message
     
    The money is being used to purchase a third drilling rig. This is positive, stock drop not making sense.
    13 Dec 2011, 08:25 AM Reply Like
  • VeroMike
    , contributor
    Comments (248) | Send Message
     
    33 million shares + 4.4 million shares.
    Going from 2 to 3 drilling rigs.
    Revenue should increase between 25 to 30%.
    Shares diluted 13 %
    7 Jan 2012, 10:24 AM Reply Like
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