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PXD - Pioneer Natural Resources: Investors Pay Full Price For The Privilege
Pioneer Natural Resources Company
Pioneer is going "first class", and the investor pays for "first class".
Pioneer stock alone is about 7 times expected cash flow from operating activities in the current fiscal year.
Production costs and well profitability are decent.
But other companies offer a bargain for slightly different yet profitable strategies. Continental Resources and Laredo Petroleum are the examples here.
The latest acquisition by Pioneer is fully priced.