Pioneer (PXD)\ Archives - Market Mad House

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Is Pioneer Natural Resources Doomed?

Pioneer Natural Resources (PXD) is growing. Pioneer will pay $6.4 billion to acquire DoublePoint Energy, The Houston Chronicle reports. The company will trade 27.2 million shares of its common stock, $1 billion in cash, and take on $900 million in debt to get 89% of DoublePoint.