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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: http://seekingalpha.com/article/1887451-why-theres-more-downside-to-come-for-interoil

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