Whitecap Resources Inc T.WCP

Pioneer is bullish along with you

[barneyj44]

1970Craig Bloomberg) -- Pioneer Natural Resources Co., the biggest oil producer in the Permian Basin, closed out almost all its hedges for this year, indicating a bullish outlook for crude prices. The move will cost $328 million spread over the course of 2022, Pioneer said in a filing Wednesday, but leaves the company well positioned to bank any uplift in oil prices. The company also said it bought back $250 million of its own shares during the fourth quarter.

[1970Craig]

Cool post ..... that is a put your money where your mouth is move. !!     Paying over 300 million to get out of a deal to hedge.    That is bullish and there huge !   I appreciate the message.           Congrats on your CPG shares.   I didn't pull the trigger there but something tells me this stock is going much higher yet.    

[alvarez2]

Big balls for sure............good to know. Hope they're right.