Chanos Says He’s Betting Against Shell, BG Group, Chevron
Why Shell Is Buying BG Group
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Jim Chanos, founder of hedge fund Kynikos Associates, said he’s betting against shares of Royal Dutch Shell Plc and BG Group Plc because of poor prospects for producers of liquefied natural gas.
“This is a disaster waiting to happen,” Chanos said at the SkyBridge Alternatives Conference in Las Vegas on Thursday, adding that he was also wagering against Chevron Corp.