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Oil stocks outrun fundamentals with 300% gains in 3 months

Short-seller James Chanos says he's considering wagering against explorers because they've got ahead of themselves

Mr Chanos closed out short positions in domestic oil producers in January and February and said he may renew those short bets to profit when the current rally collapses.


AS OIL flirts with US$50 a barrel, investors are trading drilling stocks as if crude were selling for US$80, and that's the kind of optimism that leads to corrections.

Legendary short-seller James Chanos said last week that he's considering wagering against explorers...

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