Tuesday, December 10, 2013

Whitney Tilson - Why There Is More Downside In InterOil

After InterOil (IOC) announced its long-awaited asset monetization deal with energy supermajor Total (TOT) on Thursday night, the stock plunged 37% on Friday (before popping 10% Monday) because the deal failed to meet investors' overheated expectations. So is it time to declare victory on what was my largest short position and move on? No. Though I took some profits Monday, I maintain a short position because I think there's more downside to come for InterOil.

continue reading:

No comments:

Post a Comment