PXD = Core Holding
Posted: Mon Feb 20, 2017 12:23 pm
By: Matthew DiLallo at Motley Fool
Pioneer Natural Resources (NYSE:PXD) has long believed that it's sitting on one of -- if not the -- biggest oil fields in the world. In fact, so much low-cost oil saturates the rocks beneath the land it controls in the Permian Basin of western Texas that the company recently unveiled a bold decade-long plan to develop this resource. What's remarkable about that plan is that the production from new wells will fuel more than 20% annual cash flow growth over the next 10 years even if oil prices don't budge.
That's elite-level cash flow growth that, according to an analysis by JPMorgan, only 15 companies have eclipsed over the past decade. Among those cash flow growth kings were tech giants Apple (NASDAQ:AAPL), Amazon, and Alphabet. Given the historical performance of those tech giants and the others on the list, Pioneer's ambitious growth plan could fuel its stock to deliver market-thrashing returns in the years ahead.
Full article: https://www.fool.com/investing/2017/02/ ... ce=yahoo-2
If oil & gas prices stay at current levels, our "Elite Eight" will all report strong cash flow growth in 2017. For example, EOG is now on-track for operating cash flow of $5.5 Billion in 2017, compared to $2.5 Billion in 2016.
Pioneer Natural Resources (NYSE:PXD) has long believed that it's sitting on one of -- if not the -- biggest oil fields in the world. In fact, so much low-cost oil saturates the rocks beneath the land it controls in the Permian Basin of western Texas that the company recently unveiled a bold decade-long plan to develop this resource. What's remarkable about that plan is that the production from new wells will fuel more than 20% annual cash flow growth over the next 10 years even if oil prices don't budge.
That's elite-level cash flow growth that, according to an analysis by JPMorgan, only 15 companies have eclipsed over the past decade. Among those cash flow growth kings were tech giants Apple (NASDAQ:AAPL), Amazon, and Alphabet. Given the historical performance of those tech giants and the others on the list, Pioneer's ambitious growth plan could fuel its stock to deliver market-thrashing returns in the years ahead.
Full article: https://www.fool.com/investing/2017/02/ ... ce=yahoo-2
If oil & gas prices stay at current levels, our "Elite Eight" will all report strong cash flow growth in 2017. For example, EOG is now on-track for operating cash flow of $5.5 Billion in 2017, compared to $2.5 Billion in 2016.