Chanos Calls Gas Exporter Cheniere `Excessively Expensive Bet'
- Chanos tells CNBC that Cheniere's cost forecasts are too low
- Investor Icahn meanwhile calls Cheniere ``great company''
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Hedge fund manager Jim Chanos described Cheniere Energy Inc. as an “excessively expensive bet” with cost forecasts that are too low, differing with billionaire Carl Icahn who just a week ago called the natural gas exporter “a great company.”
Cheniere’s customer contracts “are fine,” Chanos said in a television interview with CNBC on Wednesday. “It’s about the cost,” he said, adding that Cheniere’s spending forecasts for terminals in Texas and Louisiana are too low. Cheniere’s shares slid 5.2 percent to $35.43 at 2:18 p.m. in New York.