Error with Linked Servers - "Deferred prepare could not be completed."

I need to select data that contains XML from a Linked Server so my plan is to use the OPENQUERY statement.

SELECT * from OPENQUERY 
        ([xxxCENTRAL01.PIONEERxxx.NET\NEWxxx],
        'SELECT top 100 [xTransactionID] FROM [xxxCENTRAL01.PIONEERxxx.NET\NEWxxx].[DataWarehouse].[Reporting].[xTransaction]')
        GO

When I run this statement, I get the following error.

OLE DB provider "SQLNCLI11" for linked server "xxxxxxxCENTRAL01.PIONEERxxx.NET\NEWxxx" returned message "Deferred prepare could not be completed.".
Msg 8180, Level 16, State 1, Line 1
Statement(s) could not be prepared.
Msg 7202, Level 11, State 2, Line 1
Could not find server 'xxxCENTRAL01.PIONEERxxx.NET\NEWxxx' in sys.servers. Verify that the correct server name was specified. If necessary, execute the stored procedure sp_addlinkedserver to add the server to sys.servers.

I think it could be security related, but not 100% sure.

Thanks