Eric Nuttall Imperial Oil IMO-T SELL Apr 15, 2025

This trades at a massive premium, which he doesn't understand. IMO is not attractive in terms of price-cash flow, dividend or free cash-flow yield. Look at Athabasca instead (see his comments).

(Note the short timeframe.)  This is a swing trade. Looking at the chart, you can see how the stock likes to go down to $90-ish, and then go up to $100-ish. That's 10% that you can trade and trade. He always buys on the bounce.

He feels that all oil will break out eventually. He's hoping to get $100 on this, though it's pulled back a bit. If it gets there, he'll probably sell and then get back in if it returns to the bottom. If it doesn't, his buy price was close to the bottom so he isn't losing anything.

Basic premise is that Canadian oil companies have unbelievable assets. Well north of 20% dividend growth. Great cashflow and shareholder returns. Oil's just broken a triple top on a point-and-figure chart, and these companies look as though they're about to reaccelerate. 

He'd buy this one, and he'd buy CNQ.

Oil & gas sector has been consolidating. This name is breaking out to new highs, and that's a great tell. 25 years of reserve life. Three separate issuer bids, with another right now. Very high quality. If the commodity cycle goes on, energy will likely participate. These stocks should normally be weak this time of year, but they're making new highs instead; tells you there's lots of upside. His call is for longer-term higher oil prices.

Great company to protect your purchasing power. 30 years of consecutive dividend increases. Yield is 2.55%, with compound annual growth rate of 22% over last 5 years.

(Note the short timeframe.)  Just took profits, and rolled them into natural gas. Chart's broken out, so an investor could choose to stay in the stock. Nothing wrong with the company.

Good company, but had a great run. At higher end of the range on a long-term chart, but has been range-bound for quite some time. See his Top Picks, which has a name that's less oil-exposed than this one.

A very smart business friend of his told him: "When you buy a natural resource company, you're buying an option of what they have in the ground. You don't know when a commodity bull market will come, but you know there will be one, and you need to know they'll be there when it happens."

Third-lowest-cost major oil producer, and the lowest within Canada. Efficient. Long-life reserves of 25 years. Paying down debt to a level where all cashflow will be returned to shareholders. Dividend grows over 20% a year, which is what you want with a rising cost of living. Find him another oil company that's performed like this in a tough environment.