(EMAILWIRE.COM, October 27, 2009 ) Dallas, TX - Pioneer Natural Resources (NYSE:PXD) jumped 6.04% or $2.58 to $45.32 on over3.77 million shares after announced a significant discovery in the Eagle Ford Shale in South Texas. The Sinor #5 well, which is located in Live Oak County, Texas, flowed at an initial rate of approximately 11.3 million cubic feet of natural gas equivalent per day (approximately 8.3 million cubic feet of natural gas per day and 500 barrels of condensate per day) on a 22/64 inch choke with 4,550 pounds per square inch wellhead flowing pressure. The stock today also created a new 52-week high at $46.02.

Rockwood Holdings, Inc. (NYSE:ROC) was among the most active gainers in today`s trade. The stock opened the day`s at $20.85 and has rallied 7.02% to $21.33 on over 1.97 million shares after Commenting on the third quarter results, Seifi Ghasemi, Chairman and Chief Executive Officer, said, "Since the start of the global economic slowdown in October 2008, we have maintained the position that Rockwood has the determination, ability and flexibility to control its operations and costs so that we can deliver high margins and generate a substantial amount of free cash during the difficult economic environment in 2009. Our third quarter results demonstrate our ability to deliver on what we had promised. Net sales were $786.2 million for the third quarter of 2009, down 10.7% compared to $880.8 million for the same period in the prior year. Net sales were $2,176.6 million for the nine months ended September 30, 2009, down 17.8% compared to $2,647.8 million for the same period in the prior year.

Magnum Hunter Resources Corporation (AMEX:MHR) was also among the active movers as it increased 18.93% to end the day`s trade at $2.01 on over 827K shares after it announced that it has received a commitment for a new $150 million three-year term senior secured revolving credit facility provided by the Bank of Montreal (BMO). The new bank facility will be used for general corporate purposes, including the acquisition of crude oil and natural gas properties. The new bank facility will be governed by a semi-annually redetermined borrowing base value assigned to the Company's proved crude oil and natural gas reserves.
ABOUT PennyStockPickAlert.com

Penny Stock Pick Alerts by PennyStockPickAlert.com. We are a leading stock web site that provides free stock news on top penny stocks that are poised to make big gains. We also tracks small cap penny stocks that could be on the brink of a massive breakout.

Contact Information:
PennyStockPickAlert.com
Robert Wilson
Tel: 214 556 6798
Email us


This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.