Pioneer Natural (NYSE:PXD) announced that it was acquiring Carmeuse Industrial Sands unit in a deal valued at $297 million.Pioneer Natural expects to realize savings of $75 million – $80 million per year from the Carmeuse Industrial Sands acquisition.The savings estimate assumes PXD could replace the current brown sand supply at market prices.SmarTrend currently has Pioneer Natural Resources in a Downtrend. Since 2008, SmarTrend subscribers trading Pioneer Natural Resources using our alerts outperformed the stock by 62%. We are monitoring these developments and will alert subscribers to any change in trend.Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States, South Africa, and Tunisia.
