Live From Sohn: Einhorn Warns Fracking Like Counterfitting $20s With $50s

Greenlight Capital’s David Einhorn warned investors today to avoid oil-fracking stocks, particularly Pioneer Natural Resources (PXD). Associated Press Oil pumps in North Dakota. The problem: They have an infinite supply of land that can’t produce oil at a profit. What’s something that has “infinite supply of negative return opportunities worth? “Not much,” Einhorn says. The [...]
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