Opinions Eric Nuttall
Parsley EnergyPETOP PICKSep 15, 2017
Eric NuttallStock price when the opinion was issued
As of Jan 12, 2021. Market Open.
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Premium content(A Top Pick Sep 01/20, Up 56.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PE has resulted in the company being acquired by Pioneer Natural Resources. We are considering the position now closed at the last market closing price of $16.93. Combined with the previous recommendation to cover 50%, the total return on investment exceeded 52%.
Premium contentPremium contentPremium contentUS oil stocks He holds 80% Canadian oil and 20% American, and those are two American stocks: Parsley and WPX-N. Good assets, better than peers. If you want American oil, but not Exxon Mobile, looks at these two.
Eric NuttallEric NuttallEric NuttallAt an $11 billion market cap, it is consider a mid-cap in the US. A Permian play producer, who can likely increase production by 20% per year for the next 7-10 years. It is inexpensive, when considering Midland Texas differentials are expected to narrow back in beginning next year. This could be an acquisition target in the future. Yield 0%. (Analysts’ price target is $41.44)
Eric Nuttall(A Top Pick September 15/17 Up 10%). There is consolidation going on in the Permian basin and he expects this could be the next target sometime early in 2019. You could see valuation near $45. He was buying more early this week.
Eric Nuttall(A top pick July 19/17, up 8%) This is a significant weighting for him. Confidant they will beat Q2 results and increase guidance this year. Could be a $45 stock if he is right in his $80 oil price prediction.
Eric NuttallA previous Top Pick that he still likes. A good way to gain Permian exposure with a potential 50% upside as a possible take out candidate by Exxon.
Eric Nuttall
This is his biggest E & P holding. 90% hedged next year, so it is really a production story and a delineation story. They are spending more money next year than this year on delineation. They’ve had really good success in the new zone where they have 600 locations. They’ll be growing more than 50% next year. Relatively healthy balance sheet and a good hedge position. Trading at a discount relative to other Permian producers. There is upside from them continuing to delineate the Wolf Camp C, because the economics are pretty outstanding on “finding costs” at about $5 a barrel. (Analysts’ price target is $38.)