No sign of activity slowing Pioneer Natural Resources Co (PXD). The oil and gas producer’s quarterly profit lagged analysts' estimates as lower oil and gas prices and higher cost of production hit margins. The company also said it would issue 8 million shares to raise funds to accelerate drilling at its Wolfcamp/Spraberry shale fields in West Texas.
Area drill results (provided they are good of course) should filter into LVL's land valuation.
zad