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Greenlight’s Einhorn Attacks Frackers, Says Pioneer Burns Cash

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Pioneer Tumbles as Einhorn Attacks Fracking Returns

David Einhorn, who runs hedge fund Greenlight Capital, criticized Pioneer Natural Resources Co. for spending too much money without returns and called it the “motherfracker.”

“We think Pioneer generates a negative equity returns on capex” he said at the Sohn Investment Conference in New York on Monday. Pioneer shares fell 2.6 percent to $167.13 at 12:23 p.m. in New York.