Newfield up today, probably got too cheap. With a good sale of intl assets, could be a good bet. Some think NAV is $40s.
Listening to Chanos on China, always worth listening to, there are still a few that are. He is probably right that it will have its reckoning sometime, just not sure when, the weight of printing money slowly sinks the boat, he has been in that position for a while. Thinking about this comments, China kind of reminds me of a lot of e and p cos, China's focus is on GDP growth, to the detriment of other things, balance sheet.... Almost every e and p leads with production growth, eps is secondary. Seems in this rally, too late to buy and too early to sell, but not sure about the latter. E and p s at $90 oil seem cheap but if China falls apart, crude will not do well.
Chanos largest long position is UNG, nat gas. Surprised that he is using that, it's a flawed vehicle imo. Will be interesting to hear what he has to say about gas longer term. Not sure that it is sustainable, weather has help a bunch recently.