SM Energy Co. (SM, Financial) is an independent exploration and production company focused on core plays in the Williston Basin and the Eagle Ford Shale. The company's shares outperformed during the quarter due to continued better than expected production growth from its core plays, which led to higher than expected second quarter results and rising consensus estimates. Furthermore, SM's emerging play investments appear to be yielding positive results, leading to the potential for greater long-term growth visibility.
From Ron Baron's Baron Funds third quarter 2013 commentary.
From Ron Baron's Baron Funds third quarter 2013 commentary.
