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Meridian Contrarian Fund Cuts California Resources Corp. (CRC) Position in Q2 2026, Anticipating Downturn Due to Easing Middle East Tensions and Resumed Oil Supply
Meridian Contrarian Fund, in its Q2 2026 investor letter, stated it reduced its position in California Resources Corporation (CRC) due to optimism for a resolution in the Middle East and partial resumption of oil supply through the Strait of Hormuz, which led to the stock's underperformance. The fund, however, remains a holder, focusing on CRC's value creation opportunities beyond oil production.
Source：Yahoo财经 · Source Link
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