Kyle Bass Slashes Portfolio to Short the Yuan

Hayman Capital also reported owning 2.13 million shares of Eco-Stim Energy Solutions Inc. (NASDAQ:ESES), with the stake being valued at $6.67 million at the end of December. Eco-Stim Energy Solutions is an early stage, technology-driven oilfield services company that offers well stimulation, coiled tubing and field management services. The company’s portfolio of technologies and processes can reduce surface footprint and emissions, and conserve fuel and water during the stimulation process. Given that environmentalists are fighting more fiercely against crude oil exploration and production companies, more E&P companies might be somewhat forced to use Eco-Stim Energy Solutions Inc. (NASDAQ:ESES)’s less pollutant solutions, assuming the oil industry revitalizes. The shares of the oilfield services company have declined by 34% year-to-date. The company’s revenue for the nine months that ended September 30 totaled $11.26 million, up by $10.61 million year-over-year. The increase was mainly attributable to the start of well stimulation and coiled tubing operations in Argentina. Jim Simons’ Renaissance Technologies acquired a new stake of 100,603 shares in Eco-Stim Energy Solutions Inc. (NASDAQ:ESES) during the fourth quarter of 2015.

The Dallas-based hedge fund sold out of its entire stake of 464,101 shares in CF Industries Holdings Inc. (NYSE:CF) during the final three months of 2015. The asset management firm purchased the aforementioned stake, valued at $20.84 million on September 30, during the third quarter. The manufacturer and distributor of nitrogen fertilizer and other nitrogen products has seen its shares drop by 19% since the beginning of 2016. Just recently, analysts at Credit Suisse slashed their price target on the stock to $42 from $57 but reiterated their ‘Outperform’ rating on it, after the company reported mixed financial results for the fourth quarter. The nitrogen fertilizer producer reported weaker-than-expected bottom-line results for the quarter, which were partially impacted by lower fertilizer prices due to soft grain prices and extreme global production. CF Industries Holdings Inc. (NYSE:CF)’s stock trades at a forward P/E ratio of 8.50, which is substantially below the average of 15.75 for the companies included in the S&P 500 benchmark. John Burbank’s Passport Capital reported owning 9.19 million shares of CF Industries Holdings Inc. (NYSE:CF) through the latest round of 13F filings.