PXD has to raise cash

Post Reply
Fraser921
Posts: 2996
Joined: Mon Mar 22, 2021 11:48 am

PXD has to raise cash

Post by Fraser921 »

https://seekingalpha.com/news/3951742-pioneer-natural-resources-prices-11b-in-senior-notes-offering

Not a good sign...
Top
dan_s
Posts: 34602
Joined: Fri Apr 23, 2010 8:22 am

Re: PXD has to raise cash

Post 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.
Dan Steffens
Energy Prospectus Group
Top
Post Reply

Return to “The View from Houston”