I have analyzed some opinions on PXD and as far as I can see the dominant opinion is that this stock is a buy. Aside from that, my instinct is screaming not to buy.
Why? If we take a simple look at the stock chart it is easy to see that, even though the stock has a good rising trend this year it never went more than 185 or something in the last 5 years. It now sits at 172. On the other hand we see more than a few times that the stock took huge dips in value. That brings me to the conclusion that the stock is close to its peak, and what “better” times for a stock to take a big dive then in these uncertain times for companies in this sector. I assume more people know more on this matter then me, but in my book there are far more cons than pros to buying PXD.
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