Canada markets closed

SM Energy Company (SM)

NYSE - Nasdaq Real Time Price. Currency in USD
Add to watchlist
19.28+0.66 (+3.54%)
At close: 4:00PM EDT
19.30 +0.02 (0.10%)
After hours: 05:33PM EDT
Sign in to post a message.
  • p
    psight
    $LPI conversation
    So what happened to the (high) earnings and the (low) PE?
    All that changed in last couple of weeks?

    even at the reduced production numbers going forward, the earnings (only slightly lower form the original earnings) and PE (single digits) remain mostly on target. Meanwhile the stock price has taken a 40% haircut.
    Either I am completely wrong about where the oil prices are going or we have a phenomenal buying opportunity in LPI ( and many other small cap oilers like $CDEV, $CPE, $SM, $TTI, $NR and $RIG).
  • G
    Galawanji
    there is a new OPEC deal!
    Any opinions ,how is going to affect crude price?
  • G
    Grateful
    $CPE conversation
    "Market Thirsty For Oil"

    Thomas Hum: Yahoo Finance
    Thu, July 15, 2021, 11:58 AM·

    As for longer term expectations for energy as the world economy recovers from the pandemic, Tsakos Energy Navigation (TNP) COO George V. Saroglou said that he remains hopeful for the oil market, citing OPEC’s diligent management of the collapse in demand, continued restoration of oil barrel production levels, and a market “thirsty for oil.”

    “Oil demand is recovering from the monumental losses of last year. And after a strong demand growth year in 2021, experts now see a return to the pre-COVID demand levels by next year,” Saroglou said.

    The International Energy Agency (IEA) forecasted in June that global crude oil demand will return to its pre-pandemic high during the final quarter of 2022. Subsequently, carbon emissions have seen a significant rebound, in spite of many wealthy countries accelerating their push towards greater wind and solar utilization.

    Thomas Hum is a writer at Yahoo Finance. Follow him on Twitter: @thomashumTV
    DIAMOND HANDS! HODL!
    I
    I
    I
    I
    $CDEV $XEC $SM $MTDR $SU $OXY $MRO $LPI $KOS $VET $CVX $XOM $SUN $WLL $OAS $EOG $COG $APA $RIG $CVEO
  • G
    Grateful
    $CPE conversation
    Oil demand at new record as inventory rapidly declines
    Thu, July 8, 2021, 3:17 PM
    Pavel Molchanov, Raymond James Energy Analyst, joins Yahoo Finance to discuss the OPEC+ meeting, demand in oil, and oil production.

    This is an excellent Video Transcript

    - I want to ask about US crude, if you think that we could see an uptick there in that production.

    PAVEL MOLCHANOV: Well as far as supply in the US and, indeed, just about anywhere outside of OPEC, that's not likely at all in the next six months. Capital budgets across the board this year by oil companies are the lowest they've been in decades. Maybe that will change in '22. We will find out at the end of the year.But as it stands, we're not looking for US supply or Brazilian supply or North Sea supply to pick up for quite a while. The entire industry is so fixated on discipline-- capital discipline, supply discipline. So OPEC countries have the ability to ramp production back up at their discretion, but in the US the rig count is at a level where there's just not going to be production growth in the foreseeable future.

    - And just last one for you here. I think this is the question that so many folks are really wondering because a lot of consumers have been paying a lot of attention to what's been happening to oil lately because they've been feeling the pain at the pump, so to speak. So let's just ask, how much longer you think that that could continue?

    PAVEL MOLCHANOV: Well, I'll take a step back and say that US consumers actually have it really good when it comes to fuel prices, globally speaking. Yes, of course, prices are higher than they were a year ago or two years ago. But compared to what their counterparts pay across Europe, in Japan and Australia, it's much cheaper. Even in California, the most expensive gasoline, it's cheaper.So if demand gradually recovers to pre-COVID levels by, let's say, next summer and OPEC continues to ramp production back up, we think that the price of crude, the main determinant of gasoline, obviously, will be flattish to slightly up from current levels. And it's worth pointing out, the commodity market is actually signaling that prices will go down from current levels. We disagree. We think prices are more likely to be higher, not dramatically, but maybe a little higher by the end of the year than they are today.
    I
    I
    I
    I
    $CDEV $XEC $SM $MTDR $SU $OXY $MRO $LPI $KOS $VET $CVX $XOM $SUN $WLL $OAS $EOG $COG $APA $RIG $CVEO
  • T
    Tomas
    PATIENCE = GREAT PROFIT! HOLD...
  • S
    Suraj
    Algorithms have taken over $cpe $sm
  • G
    Grateful
    $CPE conversation
    Gas prices are set to climb another 20 cents a gallon this summer
    Stephanie Asymkos: Tue, July 6, 2021, 7:00 PM

    Pump prices are climbing with summer travel in full swing with little relief in sight.

    Through August, motorists could see the national average rise another 10 to 20 cents, according to AAA, putting the national average over $3.25 per gallon this summer.

    “Robust gasoline demand and more expensive crude oil prices are pushing gas prices higher,” said Jeanette McGee, AAA spokesperson.

    The predictions come after U.S. gasoline demand set a new pandemic-era high over the Fourth of July, with national demand rising by 4.7%, according to GasBuddy. The national average is up over 3 cents since last week, and as of Tuesday, the national average stands at $3.12 per gallon, according to GasBuddy.
    U.S. gasoline demand set a new pandemic-era high over Fourth of July, with national demand rising by 4.7%. (REUTERS/Mike Blake)
    U.S. gasoline demand set a new pandemic-era high over Fourth of July, with national demand rising by 4.7%. (REUTERS/Mike Blake)

    “Gasoline demand over the holiday weekend certainly did not disappoint as millions of Americans flooded the roads for the long weekend, guzzling down gasoline at a clip not seen in years,” Patrick De Haan, head of petroleum analysis for GasBuddy, said in a press release. “In the process, we could have set new all-time records for consumption.”

    Aside from demand stateside, geopolitical tensions are putting upward pressure on prices for crude oil, the raw material used to make gasoline. The meeting among the Organization of the Petroleum Exporting Countries was canceled this week after a dispute between Saudi Arabia and the United Arab Emirates over the cartel's oil production.

    “We had hoped that global crude production increases would bring some relief at the pump this month, but weekend Organization of the Petroleum Exporting Countries (OPEC) negotiations fell through with no agreement reached,” McGee said. “Crude prices are set to surge to a seven-year high."

    Another factor that could affect prices is the June-to-November hurricane season in the Atlantic when the U.S. crude oil market moves when there are interruptions in Gulf Coast production.

    For the country’s cheapest fill-up, southern states Mississippi ($2.73), Louisiana ($2.75), and South Carolina ($2.79), lead the way. The country’s most expensive gas can be found on the West Coast: California ($4.29), Hawaii ($3.96), and Washington ($3.79).

    “For now, with imbalances in supply and demand continuing, motorists will continue digging deeper to pay for gasoline as prices are likely headed nowhere but up until global supply starts to catch up with the surge in demand,” said De Haan.
    DIAMOND HANDS...HODL!
    I
    I
    I
    I
    $CDEV $XEC $SM $MTDR $SU $OXY $MRO $LPI $KOS $VET $CVX $XOM $SUN $WLL $OAS $EOG $COG $APA $RIG
  • s
    sd
    Don’t buy yet, it will go down even more in next few weeks. What do you think?
  • G
    Galawanji
    @Karl, bro are you buying or what?
    join the bumpy ride!🤪
  • J
    Jesus
    $OVV conversation
    I've always noticed a pattern of a sell off the weeks before earnings reports and my comments were always the same. "I wish the SP stayed up so if we have a bad earnings report, we have some cushion to fall". Now what is happening this time is beyond ridiculous and makes no sense. Oil is above 70, all these companies are doing fine and there is really no call for this. I swear the ones behind this are crooks! I'm down so much right now its depressing. However, I'm still not selling a single share!
    $OVV $SM $CPE
  • C
    Cheryl
    $AR conversation
    "SMALL OIL portfolio" +7.56% since May 7, '21. sans dividends. $AR, $CPE, $FLNG, $MTDR, $SM, $WES, $XEL, $CDEV. Only WES and XEL down (without taking dividends into consideration).
  • G
    Grateful
    $CPE conversation
    Oil going up.
    Natural gas going up.
    Commodities going up.
    Hold your shares!
    DIAMOND HANDS!
    I
    I
    I
    I
    $CDEV $XEC $SM $MTDR $SU $OXY $MRO $LPI $KOS $VET $CVX $XOM $SUN $WLL $OAS $EOG $COG $APA $RIG
  • A
    Aivaras
    Volume is low - dropping on daily bases. Oil is up stock is down. Strange sentiment. Buyers are idle and institutions taking profits also delay grow for the stock. Suspicious
  • T
    Tomas
    I have to admit, I betrayed you a little and sold a small part of the shares and bought the dream new car. One has to make myself a little happy sometimes ... I will sell the others at the level of 39.44usd, although I think that it will go up to 80+usd in the horizon of 1 year ... Good luck to everyone when investing! THANK YOU SM !!!
  • G
    Grateful
    $CPE conversation
    REMEMBER HOW THE BRILLIANT EUROPEANS WERE GOING ALL IN ON WIND AND SOLAR?
    Gas Is So Scarce in Europe That Coal Is Making a Comeback

    Vanessa Dezem, Jesper Starn and Isis Almeida: Tue, June 15, 2021, 2:00 AM
    (Bloomberg) --

    Europe is so short of natural gas that the continent -- usually seen as the poster child for the global fight against emissions -- is turning to coal to meet electricity demand that is now back to pre-pandemic levels.

    Coal usage in the continent jumped 10% to 15% this year after a colder- and longer-than-usual winter left gas storage sites depleted, said Andy Sommer, team leader of fundamental analysis and modeling at Swiss trader Axpo Solutions AG. As economies reopen and people go back to the office, countries like Germany, the Netherlands and Poland turned to coal to keep the lights on.

    Europe has long been at the forefront of the battle to reduce global warming. The continent has the world’s largest carbon market, charging the likes of utilities, steel producers and cement makers for polluting the environment. But even with record carbon prices this year, low gas reserves mean burning coal -- the dirties of fossil fuels -- has become more widespread again.

    “Energy demand has been pretty strong in Europe and we have seen a recovery from the pandemic,” Sommer said in an interview. “Gas storage is so low now that Europe cannot afford to run extra power generation with the fuel.”

    The return of coal is a setback for Europe ahead of the climate talks in Glasgow later this year. Leaders of the world’s biggest economies failed to set a firm date to end coal burning at the meeting of the Group of Seven at the weekend in Cornwall, U.K.

    Europe faced freezing temperatures earlier this year, boosting demand for heating at a time liquefied natural gas cargoes were being sent to Asia instead. Russia sent less gas to the continent via Ukraine ahead of the start of the Nord Stream 2 link to Germany, expected later this year.

    All of that mean that European storage is currently 25% below the five-year average and benchmark Dutch gas surged more than 50% this year. Futures are currently trading near their highest level for this time of the year since 2008.

    “People thought Russia was going to book more capacity via Ukraine and that just hasn’t happened in a meaningful way,” said Trevor Sikorski, head of natural gas and energy transition at consultants Energy Aspects in London. “The market is super tight, it’s trying to get less gas into power.”

    Electricity demand, which crashed as the coronavirus locked down cities from Frankfurt to London, is now back. Usage in countries including Germany, Spain and the Czech Republic are above the five-year average, while demand is flat in Italy and France, Morgan Stanley said in a report Monday.

    With gas supplies already tight amid heavy maintenance cutting flows from Norway, utilities have turned to coal to keep the lights on. While the price of carbon is trading near a record, many have hedged it years in advance. That means burning coal could still be profitable.

    Generators with “highly efficient” new plants can probably manage to produce power from coal until 2023, even with high carbon prices, Axpo’s Sommer said.

    The G-7 recognized that coal is the single biggest cause of greenhouse gas emissions in its final communique. But the group promised only to “rapidly scale-up technologies and policies that further accelerate the transition away from unabated coal capacity.”

    “It’s not a great a message to be sending,” said Ursula Tonkin, portfolio manager of the Whitehelm Capital Low Carbon Core Infrastructure Fund, the Australia-based company that has $4.4 billion of assets under management in all of its funds.

    While it would be “fantastic” if politicians came to a deal, coal is likely to be phased out anyway by 2030, 2035, said Tonkin. “Politics are important, but you also have the economics of the transition really kicking in within that timeframe,” she said.
    DIAMOND HANDS!
    I
    I
    I
    I
    $CDEV $XEC $SM $MTDR $SU $OXY $MRO $LPI $KOS $VET $CVX $XOM $SUN $WLL $OAS $EOG $COG $APA
  • S
    Steve
    End of quarter selling. I'm seeing $27 in a week and then mid to upper $30's next month. End of year hopefully in low $50's.
  • G
    Galawanji
    Thursday , OPEC cartel will decide not to increase output,and Karl will be sad again!🤪
  • K
    Karl
    hey Galawanjoe, TIMBERRRRRRR..... how much in the red are you amigo?
  • R
    RxOil
    New SM price target $39 by Stifel this AM, They tout the Austin Chalk Play...