Short Seller Jim Chanos Thinks Either Stock Prices of Major Oil Producers Is Too High Or Oil is Too Low

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Dec 18, 2014
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Short seller Jim Chanos (Trades, Portfolio) made a killing this year shorting beleagured Brazilian oil producer Petrobras.

Today he finds it interesting that the larger oil companies haven't sold off much despite the huge drop in oil.

Chanos thinks that either the stock market is wrong or the oil price is too low.