This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Pioneer Energy Services' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: PES

Start Time: 11:00

End Time: 11:51

Pioneer Energy Services (PES)

Q2 2012 Earnings Call

August 7, 2012 11:00 a.m. ET

Executives

Anne Pearson – SVP & IR Counsel

Stacy Locke – President & CEO

Lorne Phillips – CFO

Analysts

Brian Uhlmer – Global Hunter Securities

James Rollyson – Raymond James

Michael Cerasoli – Goldman Sachs

Josh Lingsch – Simmons & Company

John Keller – Stephens

Mike Urban – Deutsche Bank

Daniel Burke – Johnson Rice

Jeff Geygan – Milwaukee Wealth Management

Presentation

Operator



Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Pioneer Energy Services Second Quarter 2012 Earnings Conference Call. (Operator Instructions ). Following the presentation, the conference will be open for questions. (Operator Instructions ) This conference is being recorded today, August 7, 2012.

I would now like to turn the conference over to Anne Pearson of BRG&L. Please go ahead.

Anne Pearson

Thank you, Erin, and good morning, everyone. Before I turn the call over to CEO, Stacy Locke, and CFO, Lorne Phillips, for their formal remarks, I have a few of the usual items to cover.

First of all, a replay of today’s call will be available and will be accessible by webcast by going to the IR section of Pioneer’s website and also by telephone replay. And you can find the replay information for both in this morning’s news release.

Just as a reminder, information reported on this call speaks only as of today, August 7, 2012, so any time sensitive information may no longer be accurate at the time of a replay. Management may make forward-looking statements today that are based on beliefs and assumptions and information currently available to them. While they believe the expectations reflecting in these statements are reasonable, they have no assurance that they will prove to be correct. They are subject to certain risks and uncertainties and assumptions described in this morning’s new release and also in recent public filings with the SEC. If one or more of these risk materializes or should underlying assumptions prove to be incorrect actual results may vary materially.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs