IMO, deciding when to sell is going to be much harder than you think:
- The company is now harvesting cash - M&A, organic growth and distributions are all likely over the next 2 years - Improving macro backdrop will drive oil higher
A price in the 40's seems ridiculously low when you look to the future from our position today. Note that even 50c is only a market cap of circa 700mn.
On average an investor might have 2-3 5+ baggers in their investing lives. You are likely sitting on one here.
SXY Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
