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PXD has to raise cash
Posted: Tue Mar 28, 2023 8:27 am
by Fraser921
https://seekingalpha.com/news/3951742-pioneer-natural-resources-prices-11b-in-senior-notes-offering
Not a good sign...
Re: PXD has to raise cash
Posted: Tue Mar 28, 2023 9:11 am
by dan_s
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.