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10 Best Stocks Since the Bull Market Began

These stocks have shot up 1,000% or more since March 9, 2009

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Best Stocks of the Bull Market #9: Pioneer Natural Resources (PXD)

best-stocks-pioneer-natural-resources-pxd-stockIndustry: Oil & Gas Exploration
Market Capitalization: $28.3 billion
Total Return Since 3/9/2009: 1,550%

Pioneer Natural Resources (PXD) is one of the leading oil and gas exploration companies in America right now, and is the poster child for the fracking boom.

Hydraulic fracturing of shale in the U.S. has allowed previously difficult-to-access energy supplies to be brought to market quickly — and with big results for companies like PXD.

Pioneer has more than doubled its revenue since the Great Recession, and PXD shares have soared as a result. However, it’s worth noting that the rush into fracking has resulted in oversupply that has held back profits lately — and an increase in expenses has actually caused Pioneer to swing to a loss in its most recent quarter.

Article printed from InvestorPlace Media,

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