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Pioneer Natural Resources Co

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  • 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...

  • Asian stocks retreat as Greek cash crunch intensifies Monday, 11 May 2015 | 10:11 AM ET

    Exxon Mobil lost 1.7 percent, the most in the Dow Jones industrial average. Benchmark U.S. crude fell 14 cents to close at $59.25 a barrel in New York. "It's a day of digestion after big news and a big move on Friday," said Eric Wiegand, a senior portfolio manager at U.S.

  • 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
    A crewman watches over water tanks used for hydraulic fracturing at an Anadarko Petroleum site near Brighton, Colo.

    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.

  • NEW YORK, May 1- U.S. oil producers are rushing to take advantage of the rebound in oil markets by locking in prices for next year and beyond, safeguarding future supplies and possibly paving the way for a rebound in production. The flurry of hedging activity in the past month will help sustain producers' revenues even if oil markets tumble again, which is bad news for...

  • WILLISTON, N.D., April 30- Whiting Petroleum Corp, the top oil producer in North Dakota, plans to keep 11 drilling rigs operating through 2016, though it would add "a couple of rigs" if crude prices rise to $70 a barrel, its chief executive said on Thursday. Hess Corp, for example, does not plan to add any rigs this year, while Pioneer Natural Resources Co told Reuters last...

  • These oil stocks will be taken out next: Analyst Sunday, 26 Apr 2015 | 11:00 AM ET

    Global Hunter Securities Analyst Mike Kelly names two oil stocks that could be taken out next.

  • HOUSTON, April 23- There is a growing disconnect between Houston and Wall Street over when slumping oil prices will recover. Beaten down by a seven-month rout that slashed crude prices from over $147 a barrel last summer to $42 a barrel, producers are bracing for oil to remain at about $60 a barrel for as long as the next five years or so, according to executives...