This company have just little over 2B income, they are 60/40 oil/gas (that suck) they have hard time to replace yearly reserves lost to production (that suck even more) their proven plus probable reserves are aroun 1B boe equivalent (not bad but is not just oil, 40% of it is NG and from 60% of liquids alot is NLG). Why WS allways pick some loser? Same like Cabot Oil ( i think that one is even worse) I know somany much much better mid size companies with great potential, undevalued compared to Pioneer. MEG energy, double reseves and it is just oil, one location "in situ", will increase production from 21k boed to 260k boed in 2020. Pacific Rubiales double reserves almost all light crude in Colombia, will increase production to 500k boed in 5 years end. Even oil sands from canada are highly undervalued comparing to this pos.