suppose it depends on everyone’s timeframe. Some may have bought...

suppose it depends on everyone’s timeframe. Some may have bought much higher years ago, some may have been accumulating since 12c lows 2.5 years ago, others might just have bought a trading parcel recently.
Right now on current earnings, I rate the SXY SP as fairly valued, no more. POO goes higher, so will SXY.
The future is gas. In 3 years time, E.Coast gas prices will be 30% higher. If that’s within your investment time horizon (and if it’s not, why are you in SXY anyway) then SXY SP will be a question of how many Dollars.