Why David Einhorn is shorting the ‘mother fracker’ and other oil companies


Hedge fund manager David Einhorn thinks oil producers are screwed no matter what happens to crude; Jana Partners’ Barry Rosenstein is bullish on shareholder activism; Keith Meister, founder of Corvex Management, thinks Pizza Hut parent Yum! Brands [fortune-stock symbol= »YUM »] looks delicious; and Omega Advisors CEO Leon Cooperman is feeling good about stocks including Actavis [fortune-stock symbol= »ACT »], Citigroup [fortune-stock symbol= »C »] and General Motors [fortune-stock symbol= »GM »].

Presenters at the 20th annual Sohn Investment Conference, held at New York’s Lincoln Center on Monday, were generally bullish, sharing more than a dozen of their favorite stock picks, as well as a few of their current short bets. But Einhorn’s bearish call on fracking was a memorable highlight.

Einhorn, founder and president of Greenlight Capital, kicked off the event by arguing that a handful of leading American oil companies that rely heavily on fracking were “poised for a fall”—even if the price of crude…

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