JPMorgan (https://www.cnbc.com/2026/06/04/this-natural-gas-stock-has-lots-of-upside-even-after-us-iran-war-ends-jpmorgan-says.html) to overweight, claiming upside persists even when the geopolitical premium unwinds. That's the exact backwards-looking thesis that gets crowded at tops. Energy multiples already bake in a structural war premium—what they *don't* price is demand compression hitting faster than supply relief.

Research these companies