Pioneer should be bought on issuance-related weakness, says Sterne Agee

theflyonthewall.com

Sterne Agee recommends buying Pioneer Natural on any equity issuance related weakness today, as the firm thinks the company's production growth guidance is strong. The firm believes that the company's northern Wolfcamp appraisal program could derisk the horizontal Wolfcamp and it maintains a Buy rating on the stock.

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