Any thots on PXD?

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mdwitte

Any thots on PXD?

Post by mdwitte »

I own some PSE, which PXD is going to acquire for shares...my question, do I want to hold PXD stock? Any/all suggestions welcomed....
dan_s
Posts: 37392
Joined: Fri Apr 23, 2010 8:22 am

Re: Any thots on PXD?

Post by dan_s »

Pioneer Southwest Energy Partners (NSYE: PSE) announced that they received a buyout proposal from Pioneer Natural Resources Company (NYSE: PXD). The deal offers PSE 0.2234 of a share of Pioneer Natural Resources Company for every common unit of Pioneer Southwest Energy.

With PXD's current share price trading around $138, that gives a value of approximately $30.80 per unit of PSE.
Dan Steffens
Energy Prospectus Group
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