PE News and Press, Parsley Energy Inc. Class A From 10/20/20

Earlier this week, energy giant ConocoPhillips announced it was acquiring Permian Basin shale producer Concho Resources for $9.7 billion. Now, Pioneer Natural Resources (NYSE: PXD) , another player in the Permian Basin of West Texas, is in talks to grow its Permian o...

A slow burn merger mania is sweeping the mid cap upstream space. Parsley Energy is a cash flow generation machine with a strong balance sheet. Parsley Energy is a low cost producer with a large footprint and as such is a natural Permian target. For further details see: P...

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Pioneer Natural Resources (PXD) is in talks to acquire Parsley Energy (PE), WSJ reports, a deal which would add to its position as one of the largest oil producers in the Permian Basin.The shale producers are discussing an all-stock deal that could be completed by the end of the month, accord...

In what would be continued consolidation in the roughed-up Permian shale space, Concho Resources is up nearly 12% on a report it's near a deal to be acquired by ConocoPhillips.This follows the recent closing of Chevron's purchase of Noble Energy.Checking the Peer page for Concho fin...

Shares of top oil and gas companies Parsley Energy (NYSE: PE) , Kinder Morgan (NYSE: KMI) , and Phillips 66 (NYSE: PSX) tumbled more than 10% in September, according to data provided by S&P Global Market Intelligence . That was much worse than the S&P 5...

Following a week where oil-focused names followed crude prices lower, Wells Fargo is plumbing for tickers of interest with the investment case in exploration and production "incrementally positive." "With the impacts of Shale Wars 2.0 and COVID-19 having negatively impacted the energy sector ...

The Fed Reserve Bank of Dallas surveys nearly two hundred E&Ps quarterly, offering a pulse on the industry thought process. This quarter, the survey included a special section that included some questions relevant to investors in this space. One of the answers might surprise y...

BofA is looking for a "less bad" second half in energy stocks - following a very rough first half - and overall, it sees signs of nearing a cyclical bottom. The industry is past trough earnings as well, and while near-term headwinds are sticking around, it's forecasting a solid recovery going...