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Pioneer Natural Resources Co

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  • HOUSTON, June 29- Petty legal filings. Oilfield services provider Nabors Industries Ltd, for example, counted non-votes from brokers as votes against the proposal. Shale oil company Pioneer Natural Resources Co filed a last-minute counterproposal calling for a higher ownership threshold of 5 percent, which institutional investors say is much harder to...

  • June 5- U.S. oil drillers boosted activity in four key basins this week, bringing the promise of additional oil to a market that faces OPEC's Friday decision to leave production caps unchanged. In the latest week, drillers added one oil rig in the Permian basin in West Texas and eastern New Mexico, the biggest and fastest growing U.S. shale oil basin.

  • June 5- U.S. oil drillers boosted activity in four key basins this week, bringing the promise of additional oil to a market that faces OPEC's Friday decision to leave production caps unchanged. With some OPEC countries like Saudi Arabia and Iraq pumping oil at record or near record levels, the group is trying to keep crude prices low enough to support global oil...

  • The U.S. oil fracker's dilemma: crouch or pounce? Monday, 1 Jun 2015 | 1:00 AM ET

    HOUSTON, June 1- U.S. shale oil producers, having weathered the worst price plunge in their industry's brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, or start drilling more wells to capture a partial recovery in prices. The June 5 meeting of U.S. rivals in the Organization of the Petroleum Exporting Countries...

  • That was the 25th straight weekly decline, bringing the total rig count down to 646, the lowest since August 2010, oil services company Baker Hughes Inc said in its closely followed report. The market has been eyeing the U.S. rig count and the increases of a few rigs in some basins over the past few weeks ahead of next week's meeting of the Organization of the...

  • NEW YORK, May 15- Top U.S. hedge fund managers made contrasting bets on energy companies in the first quarter, with Greenlight Capital's David Einhorn sticking with names pummeled by falling oil prices, while Hayman Capital's Kyle Bass bet on frackers, regulatory filings showed on Friday. Einhorn's $11 billion Greenlight Capital increased its stake in Consol...

  • Gartman: Einhorn 'terribly, terribly' wrong on oil Tuesday, 5 May 2015 | 6:25 PM ET
    Dennis Gartman

    Dennis Gartman of "The Gartman Letter" says hedge fund titan David Einhorn is "terribly, terribly" wrong when it comes to oil.

  • Oil hits $60; get ready for 'frack counterattack' Tuesday, 5 May 2015 | 12:06 PM ET
    Workers from Select Energy Services at a Hess fracking site near Williston, N.D.

    U.S. oil prices are heading into a sweet spot that could spur the fracking industry to crank up some of the drilling it shut down.

  • WILLISTON, N.D., May 4- Oil and natural gas producer EOG Resources Inc plans to begin fracking hundreds of wells in North Dakota and Texas later this year if oil prices stabilize around $65 per barrel, executives said on Monday after reporting a better-than-expected adjusted profit. Whiting Petroleum Corp said last week it would add drilling rigs to its...

  • NEW YORK, May 4- Not all investors agree with hedge fund manager David Einhorn's take on Pioneer Natural Resources' Co, which he described as "A business that burns cash and doesn't grow, isn't worth anything." "He is right if oil prices remain under $60; he is dead wrong if prices go beyond $75," said Fadel Gheit, an analyst at Oppenheimer& Co.. Because oil markets may be...

  • Einhorn made 'valid points' on fracking: Analyst Monday, 4 May 2015 | 4:28 PM ET
    Fracking equipment in Colorado

    Material concerns about fracking companies like Pioneer Natural should ease despite David Einhorn's criticism of the industry, one oil and gas analyst said Monday.

  • May 4- Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald's declined after the fast-food chain's turnaround plan left investors wanting more. "This is being driven by a lack of substantial negative news," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle,...

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed higher, following positive momentum from Europe, as investors looked to Fed speeches and data for signals on rate hike timing.

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, on Monday kicked off the year's most prominent investment conference by laying out a case against oil frackers, arguing these companies drill "lots and lots of holes" and burn through plenty of cash. Einhorn, who often unveils so-called short-bets...

  • May 4- Wall Street rose on Monday afternoon as Berkshire Hathaway led finance stocks higher, while shares of McDonald's declined after the fast-food chain's turnaround plan failed to satiate investors. "We just seem to be hanging in an upper range, taking in a rash of earnings and trying to digest if the fundamentals are there to build a platform for us to leg-up...

  • Should you bet against frackers with Einhorn? Monday, 4 May 2015 | 2:19 PM ET
    David Einhorn

    David Einhorn, a hedge fund manager who successfully bet against Lehman Brothers and others, found his next target: oil fracking companies.

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn kicked off the 20th annual Sohn Investment Conference in New York on Monday by laying out his case against oil frackers, arguing that these companies drill "lots and lots of holes" and burn through plenty of cash. Activist investor Barry Rosenstein discussed two investment ideas that were already well...

  • What matters to markets this week Monday, 4 May 2015 | 6:00 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • Jobs report is big but watch out for Europe Friday, 1 May 2015 | 7:21 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • Don't miss this great opportunity: Money manager Friday, 1 May 2015 | 2:52 PM ET
    Workers from Select Energy Services at a Hess fracking site near Williston, N.D.

    Energy stocks should move higher this year, providing a great opportunity in these names, money manager Jerry Castellini said.