Plains Exploration & Production Company (PXP)
An independent oil and gas company primarily engaged in the activities of acquiring, developing, exploiting, exploring and producing oil and gas properties in the United States.
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lagrandpro
(75.71)
Submitted: 6/30/2009 7:05:10 PM :
Start Price:
$27.76
PXP Score:
-21.12
Lots of recent acquisitons aid production increases, and it's 60% oil vs NG
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Goosie69
(85.04)
Submitted: 5/28/2009 4:38:02 PM :
Start Price:
$26.64
PXP Score:
-18.93
Takeover target...
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awallejr
(79.38)
Submitted: 5/8/2009 9:47:33 PM :
Start Price:
$24.70
PXP Score:
-10.53
Oil and Soros
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johnnymack91362
(70.66)
Submitted: 12/4/2008 8:36:47 PM :
Start Price:
$17.22
PXP Score:
+23.58
heavy oil in calif....haynesville shale.....etc.
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GoNuke
(27.09)
Submitted: 10/11/2008 9:01:22 PM :
Start Price:
$21.07
PXP Score:
+10.20
The price of oil and gas are inelastic. A small drop in demand caused a large drop in price. The intrinsic surplus of demand over supply hasn't changed. This stock will rebound after the panic stops. People who fled the market in fear of losing money on the way down will flock back to the market for fear of missing gains on the way up.
Its debt to equity ratio is tolerable.
Recs
SrWill
(51.92)
Submitted: 9/23/2008 10:48:56 PM :
Start Price:
$37.41
PXP Score:
-21.59
Energy is down. Get your money in while you can!
They made such a sweet deal with CHK in the Haynesville shale. This will pay for itself over and over again.
Outperform. Easy.
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PebbledShore
(89.18)
Submitted: 9/15/2008 3:44:38 PM :
Start Price:
$35.32
PXP Score:
-16.63
[sigh]
Like shooting fish in a barrel.
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dbillett1
(67.47)
Submitted: 9/8/2008 10:56:44 PM :
Start Price:
$41.82
PXP Score:
-23.87
Is anyone paying attention here? EPS for the year was just raised again to $6.42 for the year. This stock is way undervalued for its current growth rate. Yes it does have a lot of debt which concerns me, but in the last 3 months earning expectations went up over 700%. Looks like they are doing something right. They are beginning to reap the rewards for all the hard work developing oil and gas sites.
Recs
EcklandCapital
(98.90)
Submitted: 8/21/2008 1:56:13 PM :
Start Price:
$57.35
PXP Score:
-41.12
US E & P group is substantially undervalued.
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downy1
(< 20)
Submitted: 8/20/2008 3:48:06 PM :
Start Price:
$56.12
PXP Score:
-40.19
p/e acceptable and very good potential earnings foward
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markwusinich
(< 20)
Submitted: 8/20/2008 8:57:59 AM :
Start Price:
$54.89
PXP Score:
-39.17
Top 20 Covered Call Trades
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JHfreesolo
(35.00)
Submitted: 8/18/2008 12:15:43 PM :
Start Price:
$53.93
PXP Score:
-37.23
All the benfits of the call for at-home oil production and none of the stignma of running an oil company...remember, perception is reality.
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walterfb
(65.99)
Submitted: 8/15/2008 4:34:34 PM :
Start Price:
$54.23
PXP Score:
-36.49
natural gas play with compelling valuation
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ajm101
(38.97)
Submitted: 7/6/2008 10:43:28 PM :
Start Price:
$70.51
PXP Score:
-50.55
Natural gas is the fuel of the future from a reserve and carbon footprint perspective, and Plains E&P is ramping up production.
Recs
imnotgoodatthis
(< 20)
Submitted: 7/5/2008 9:10:05 PM :
Start Price:
$70.51
PXP Score:
-50.55
Just signed a contract with Chesapeake. Nuff said
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colonelnelson
(96.95)
Submitted: 7/2/2008 11:03:50 PM :
Start Price:
$68.19
PXP Score:
-49.03
Fortune favors the bold. I'm hopping in on this one on a 5.31% pullback.
As LEGMAKER set out in detail, PXP has joined in a joint venture with CHK to to rig the Hanyesville Shale. The partnership is planning 12 rigs up and running by end of 2008, 30 rigs by end of 2009 and 60 by the end of 2010. In other words, they are planning over 600 wells in the next 3 years.
I'm equally encouraged by PXP's financial strength (Quick ratio - .40; Current ratio .90), 5 year sales growth of 44.01% and their year to year EPS increase of almost 700%
Cross your fingers! Outperform.
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