Troll no more: Energy Twitter group's big short on shale comes good [Reuters]
Whiting Petroleum Corporation (New) (WLL)
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Source: Reuters
Troll no more: Energy Twitter group's big short on shale comes good April 14 (Reuters) - Just like the street hustler turned commodities broker in the 1980s comedy “Trading Places” for which he named his twitter account, @WillRayValentin (BRV) is an outsider making waves in the world of energy stocks trading. A petroleum engineer by background, BRV is a member of the ‘Energy Fintwit’ (EFT) community on Twitter made of oil industry insiders - engineers, geologists and former traders - who have gained notoriety and thousands of followers for their unabashed bearish tweets about the U.S. shale industry. As U.S. crude oil prices halved in March under the weight of recession fears and a price war, many of the group’s members had a field day as their ‘shorts’ on U.S. shale companies - bets that their stock prices would fall - paid off. BRV’s own trading account, which he shared with Reuters, showed he pocketed $4 million in just one week between March 9 and March 16. “I’ve made a lot more m
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