Viewing Expert Eric Nuttall | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Eric Nuttall , Portfolio Manager

Sprott Assett Management


Date Signal Chart Symbol Company Opinion Price
2017-05-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Energy. It has been a challenging year for people investing in energy. He had a good year last year, and was prepared for a better oil market than what we’ve had so far. Had felt that the drawdowns would have occurred faster. While the compliance by OPEC countries was very high, a few took advantage to send oil from their own inventories and ship them to the US. We are at the point where the cut in production should be mirrored by a cut in exports. You combine that with refineries now coming back on line, as well as the US increasing their own exports to other countries. There is still more work to do. There is a despondency among investors. He is basically all in on services, with a few US EMPs. About 80% exposed to the services. We are now at a tipping point of $50 oil in the US, where demand for services exceeds supply. You are seeing huge pricing gains with regards to sand, pressure pumping and drilling. The one area that is benefiting him the most are the US service stocks.


Price:
$0.020
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
_N/A
2017-05-23 COMMENT Must be logged in to use chart AAV-T Advantage Oil & Gas Ltd

He doesn’t own a single Canadian oil/gas producer. As a country, we send 99% of our oil and gas volumes to the US. At the same time, Canada is growing production in excess of pipeline capacity, so because of that, both oil and gas are selling at a discount. Capital has left our market and is not coming back anytime soon. There are better names than this in the US.


Price:
$9.030
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2017-05-23 COMMENT Must be logged in to use chart CDEV-Q Cenrtennial Resource Dev Inc

A very high quality company, where their chairman is a highly-respected gentleman. Because of that, the stock trades at a premium. Just did a financing and asset acquisition. If he had more money to buy E&P, as opposed to the services, this would definitely be on his list, especially at $16. They have pretty strong visible running room. Strong balance sheet and an unbelievably strong management.


Price:
$16.170
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2017-05-23 PAST TOP PICK Must be logged in to use chart CJ-T Cardinal Energy Ltd

(A Top Pick May 27/16. Down 30%.) If someone were looking for income, he would describe this as a lower income oriented vehicle, which will get pretty decent production growth.


Price:
$6.590
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2017-05-23 DON'T BUY Must be logged in to use chart CPG-T Crescent Point Energy Corp

They are trying to reinvent their story. While they may have decent assets, their Canadian business is partially showing signs of aging. He doesn’t see them attracting the interests of US investors. In Canada, investors have had a bad decade with this name.


Price:
$13.180
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2017-05-23 PAST TOP PICK Must be logged in to use chart DHX.B-T DHX Media

(A Top Pick May 27/16. Down 7%.) Just did a big stock issuance to buy Strawberry Shortcake and Peanuts. They are taking an oldish brand and re-digitalizing it. Sold this quite some time ago and is looking to possibly get back in again.


Price:
$6.120
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2017-05-23 COMMENT Must be logged in to use chart FMSA-N Fairmount Santrol Holdings Inc.

The volatility has been unbelievable. For frac sand, most of the capacity for the industry is in 4 states, far from where the major increase in drilling is. In the past 6 months, there has been a slow development of finding a regional supply, which happens to be premier quality sand than in the North. It is also a lower price. His best estimation is that you have a market for frac sand that is about 75 million tons a year, growing to about 100 million tons next year, and 130 million tons in 2019. His best guess is that this market will remain very tight. However, there have been a lot of US hedge funds that have been selling this base. You have to be a little patient on this company. (See Top Picks.)


Price:
$5.430
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2017-05-23 DON'T BUY Must be logged in to use chart MEG-T MEG Energy Corp

He would rather go to a casino than put money into this company. This is like your super-duper high beta bet on oil. They just have far too much debt.


Price:
$6.040
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2017-05-23 PAST TOP PICK Must be logged in to use chart NYX-X NYX Gaming Group Ltd

(A Top Pick May 27/16. Down 57%.) He liked this because it was on a hyper growth trajectory in an industry that was growing by 10%-15% organically. This hasn’t been a revenue problem, it has been an expense problem. He would not commit new capital towards this.


Price:
$1.140
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2017-05-23 COMMENT Must be logged in to use chart PD-T Precision Drilling

A very solid, well-run company. Trading at a bit of a premium relative to its Canadian peers. They are starting to get a technical edge on their upgrades to their rigs.


Price:
$5.310
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2017-05-23 COMMENT Must be logged in to use chart PONY-T Painted Pony Energy

Did an acquisition which really ticked off a lot of investors diluting the share count by about 50%. The attraction of the company was that they had very good well results and very, very deep inventory. Management has had a tough time selling this. You just have to wait for this to clear. It screens very well on a valuation relative to growth rate. Extremely inexpensive relative to the growth rate and the running room they have now acquired.


Price:
$5.520
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2017-05-23 TOP PICK Must be logged in to use chart PUMP-N ProPetro Holding Corporation

A pressure pumper in the US, a 100% pure play in the Permian. They have a tier 1 customer list and exposed 100% to the highest growth Basin in the world. Trading roughly at 4.4X forward EBITDA. If his guess is right, this could be a $20 stock. (Analysts’ price target is $19.)


Price:
$13.700
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2017-05-23 COMMENT Must be logged in to use chart PWT-T Penn West Petroleum

They had a management upgrade when they brought David French in. Have done a good job of selling off assets and paying down debt. Now they are in a pretty good position. They would be growing production in 2018 X 17%, and are trading at 6X enterprise value to cash flow. However, the average US company in 2018 is going to grow production by 47%, which is 10X this company’s growth rate.


Price:
$2.140
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2017-05-23 TOP PICK Must be logged in to use chart SLCA-N U. S. Silica Holdings

The safest and least volatile (relatively!) way to be exposed to the frac sand market in the US. Oil and gas companies are approaching these sand companies asking for 5 years of supply, and are guaranteeing them margins of $50 per ton, which is double what this company has guided to. (Analysts’ price target is $63.)


Price:
$39.030
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2017-05-23 COMMENT Must be logged in to use chart SPE-T Spartan Energy Corp

This is fine as they are gifted with good plays, where they have running room production down to around $40. They can grow oil production by about 10% spending 1X cash flow, down into the low $40. Under $40, the stock has been brutalized and he was very tempted to buy it when it was down to $2.10. They can grow production by 10%-13%, but they have to compete against Permian Basin companies that can grow by 40%-50%. He doesn’t see the Saskatchewan domestics competing for the imagination of the US investor when there are so many other alternatives available to them.


Price:
$2.420
Subject:
ENERGY
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
Showing 1 to 15 of 1,212 entries
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6 Comments

petersirie

December 17th 2012 at 6:46pm

Keep up the quality commentary please. I have really appreciated your insight.

boblewellyn@yah

March 16th 2013 at 7:50pm

There is a report that Petrobakken has started a gas injection program that has substantially increased their production and reserves. Stock closed at $9.50 on Friday, March 15, 2013, probably because of this report.

car2nz

April 10th 2014 at 3:12pm

When Eric says BUY...You should be SELLING ...When he says Sell...You should be BUYING. He is consistently WRONG! It's amazing!

BeauRegard

April 21st 2014 at 3:36pm

Not the sharpest knife in the drawer!

CH-Investments

April 26th 2014 at 10:04am

Not a fan of all his picks but some of them have great potential to generate a large profit. Have found a number of decent picks here and have done my own analysis which has made me operate at a decent profit.

3clicks

June 1st 2016 at 9:35am

I like Eric for his overall market commentaries. But gotta be cautious with his picks although BTE was a great advice.


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