https://seekingalpha.com/news/3951742-pioneer-natural-resources-prices-11b-in-senior-notes-offering
Not a good sign...
PXD has to raise cash
Re: PXD has to raise cash
PXD has a SUPER STRONG balance sheet. The proceeds from this debt offering will be used to pay off other long-term debt. PXD likes to keep over a $billion on the balance sheet so they can move quickly if an accretive asset acquisition becomes available.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group