Live From Sohn: Einhorn Warns Fracking Like Counterfitting $20s With $50s
May 04, 2015 at 13:18 PM EDT
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 [...]