As the energy sector deals with waning inventories and calls for higher crude prices, this business offers robust cash flow generation at an attractive valuation.
After lowering full year guidance this stock no longer offers the same attractive risk/reward as when we made it a Long Idea. We’re closing this wining position.
The run-up in stock price, largely around the hype over AI, means the risk/reward in this stock is no longer as attractive as when we first made it a Long Idea.