PE News and Press, Parsley Energy Inc. Class A From 03/09/20

Russia and Saudi Arabia got into a spat Friday that turned into an oil price war. Oil prices are plunging in futures markets below $30 per barrel. While the oil stocks we own are the best of the patch, but that's not saying much. It's hard to sell when there is blood in the streets, but that...

The bottom fell out of the oil market on Monday. At one point in overnight trading,  crude oil prices  were down more than 30%. They've recovered somewhat, with WTI, the U.S. oil benchmark, down more than 16% at 10:45 a.m. EDT on Monday, and below $35 a barrel.  The shella...

Parsley Energy ( PE -53.2% ) unveils plans to cut full-year development activity , as it revises its baseline capital budget assumption from a $50/bbl WTI oil price to a $30-$35 for the remainder of 2020. More news on: Parsley Energy, Inc., Energy stocks news, Stocks on the move, Re...

AUSTIN, Texas , March 9, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today provided an update on its 2020 development program. Updated 2020 Outlook Parsley is revising its baseline capital budget assumption from a $50...

Matador Resources (NYSE: MTDR ) -56% . More news on: Matador Resources Company, Parsley Energy, Inc., SM Energy Company, Stocks on the move, , Read more ...

Permian Basin producers are set to suffer in the wake of the oil price collapse, as more defaults and bankruptcies are all but certain . More news on: Occidental Petroleum Corporation, Chevron Corporation, Concho Resources Inc., Energy stocks news, Stocks on the move, Read more ...

Crude oil futures are in free fall today. Brent crude is down almost 7.5% to $46.28, the first time since June 2017 that it's dropped below $50. West Texas crude is taking an even bigger beating, down 8.1% to $42.18 at this writing. Today's massive sell-off is tied to worries that a prospec...

Crude oil prices tumbled on Monday. Both WTI (the U.S. benchmark) and Brent (the global benchmark) fell about 4.5% by 10:45 a.m. EST to $51 and $55.75 a barrel, respectively. That slump in the oil market weighed heavily on  energy stocks , especially shares of financially weaker compan...

Image source: The Motley Fool. Parsley Energy Inc   (NYSE: PE) Q4 2019 Earnings Call Feb 20, 2020 , 9:00 a.m. ET Operator Continue reading

Parsley Energy, Inc. (PE) Q4 2019 Earnings Conference Call February 20, 2020, 09:00 ET Company Participants Kyle Rhodes - VP, IR Matthew Gallagher - President, CEO & Director David Dell'Osso - EVP & COO Ryan Dalton - EVP & CFO Stephanie Reed - SVP, Corporate Deve...