Pioneer Natural Resources $PXD Crushed 7.5% After CAPEX Cut

02 Aug '17 at 2:24 am #10811

Participant

Lowering guidance sounds prudent in this market until you read “Operationally, we fell behind on our completions due to unforeseen drilling delays.” That is a concern and suggests to me that there is more to it – blame oil prices, blame Russia while your at it I guess.

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