Why do PR folks email embargoed news when embargo hasn’t been agreed to? I’m convinced it’s a psychological trick to encourage immediate pub
NEW YORK (Reuters) – Coal stocks will continue to be unattractive investments due to withering competition from shale-derived natural gas and slipping demand for steel, especially in China, famed short-seller Jim Chanos of Kynikos Associates said on Tuesday.
Chanos said he is “very bearish” and “pretty much short” all but one of the large leveraged coal producers in the United States. He declined to mention specific companies, but the only large U.S. coal stock Kynikos is not shorting is Arch Coal Inc, according to regulatory filings.
NEW YORK (Reuters) – Short-seller Jim Chanos said on Tuesday that shares of international oil majors like Exxon Mobil Corp increasingly look like a value trap for investors as cash flows decline and return on capital slides.
His comments at the Reuters Global Investment Outlook Summit in New York came a week after Warren Buffett disclosed a large position in Exxon, the world’s largest publicly traded oil company.