5 Energy Stocks to Buy Now According to SailingStone Capital Partners

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In this article, we’d be discussing 5 energy stocks to buy now according to SailingStone Capital Partners. If you want to check out the detailed analysis of SailingStone Capital Partners’ 13F portfolio, go to 10 Energy Stocks to buy now according to SailingStone Capital Partners

5. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

SailingStone Capital Partners’ Stake Value: $12.9 million

Percentage of SailingStone Capital Partners’ 13F portfolio: 3.27%

Number of Hedge Fund Holders: 26

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) or Chemical & Mining Company of Chile is a mining company headquartered in Santiago, Chile. The company specializes in Lithium ore as far as mining goes. SailingStone Capital Partners holds 241,213 shares in the company after a 10% decrease in stake as of the third quarter of 2021.  

On December 21, Scotiabank analyst Ben Isaacson downgraded SQM stock to ‘Underperform’ from ‘Sector-Perform’ and set the price target of $47, down from $59. The analyst anticipates that SQM shares would likely underperform following the election of Gabriel Boric as Chile’s next president. Boric has recently entertained the idea of creating a state-owned lithium company, which the analyst believes, brings “significant risk” to the extension of lithium extraction concessions in the Salar de Atacama.

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