Here's David Einhorn's full 'Motherfrackers' presentation on the major problems he sees in the fracking industry
REUTERS/Brendan McDermid
"We object to oil fracking because the investment can contaminate returns," he said.
The way he sees it, fracking is simply way to expensive a business. Companies have raised funds to finish projects that have no hope of paying themselves back. This was happening even when oil prices were high,and the situation has gotten worse since the price of oil collapsed at the end of 2014.
Einhorn zeroed in on one company specifically, Pioneer (PXD), and the company's stock fell on that news.
Perhaps just as importantly, Einhorn's slide deck was filled with funny anecdotes and great illustrations. It's a fun read. His script is at the bottom of the slides. Enjoy.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market