1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (7526) 

Baron Funds Comments on SM Energy

August 23, 2012 | About:

From Baron Funds' second quarter commentary:

SM Energy Co. (NYSE:SM) is an independent exploration & production company with operations largely focused on the Eagle Ford shale and the Williston Basin in the U.S. SM Energy continues to execute on its growth strategy in these two core development areas. However, the sharp decline in oil and natural gas liquids prices has put more pressure on cash flows and, as a result, has severely impacted the company's share price this quarter. We believe SM Energy's net asset value is above its share price, although increased energy production coupled with high inventories and lower energy usage make a near term recovery in its share price less likely. Although we think the company's long term prospects are favorable, we have reduced our SM Energy investment. (Jamie Stone)

Rating: 5.0/5 (1 vote)


Please leave your comment:

GuruFocus has detected 4 Warning Signs with SM Energy Co $SM.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Holly LaFon

User Generated Screeners

Matt SaddingtonVeriluma
andrewbulgarelliF-Score with P/B
pbarker46Begin here 1
KetsinyongBank ROA<1%
zmodpEVDE Micro indu
zmodpEVDE Micro
samahajoeIndustry best
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat