Jun. 16 at 10:35 PM
$SM Using this oil selloff to keep adding to
$SM. Post‑merger it’s a scaled, cash‑generating E&P that’s getting hit more on sentiment than fundamentals. With the SPR getting drained and inventories tight, I think seeing oil back in the
$90–
$100 range by late summer is very realistic, and while hedges cap a bit of upside, they also protect cash flow if I’m early. I’d rather steadily build a position in a solid real‑asset name like this than chase stretched tech at these levels.
