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SM Energy Company (SM): A Bull Case Theory

We came across a bullish thesis on SM Energy Company on Financial Markets & Universal Law’s Substack. In this article, we will summarize the bulls’ thesis on SM. SM Energy Company's share was trading at $21.46 as of February 16th. SM’s trailing and forward P/E were 3.39 and 10.79, respectively according to Yahoo Finance.

SM Energy (SM) is a U.S.-focused independent exploration and production company with concentrated exposure to the Permian Basin’s Midland segment and the Eagle Ford Shale. Unlike integrated majors, SM operates as a pure upstream operator, with economics...