SM ENERGY CO

Ticker: SM CUSIP: 78454L100 Class: EQTY

U S GLOBAL INVESTORS INC's Holding History (CIK: 0000754811)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 30,000 Value ($000) $1,157 Avg Close $44.55 Range $26.16 - $71.01

Q3 2014

Shares 37,000 Value ($000) $2,886 Avg Close $72.53 Range $66.28 - $80.34

Q3 2013

Shares 25,000 Value ($000) $1,930 Avg Close $61.42 Range $53.46 - $68.98

Q2 2013

Shares 25,000 Value ($000) $1,500 Avg Close $54.11 Range $49.06 - $58.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	30,000	$1,157	$44.55	$26.16 - $71.01
Q3 2014	37,000	$2,886	$72.53	$66.28 - $80.34
Q3 2013	25,000	$1,930	$61.42	$53.46 - $68.98
Q2 2013	25,000	$1,500	$54.11	$49.06 - $58.20