Opinions Eric Nuttall
Pipestone Energy Corp.PIPE.TOBUYJan 28, 2022
Believes company is under valued with strong free cash flow yield.
Stock very tightly held, so hard to buy meaningful amounts.
$0.71
Stock price when the opinion was issued
$1.88
As of Oct 04, 2023. Market Open.
Energy
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
DON'T BUY
HOLD
Recent market selloff due to quality of acreage.
Current share price presenting good buying opportunity (1x cash flow).
Expecting stock buybacks next year.
Low conviction on the name.
Eric NuttallOwned
Energy
BUY
Owns 7% of company shares.
Remains committed to company.
Company has 19% free cash flow yield, and is trading at 2.5x free cash flow yield.
Share price should appreciate 60% or 4-5x.
Expecting company to be bought be someone.
Eric NuttallOwned
Energy
BUY
Has recently bought ~$50 million worth of stock.
Trading at ~1.7x cash flow & 32% free cash flow yield($100 oil).
Could privatize in ~3 years.
Very good company with enormous upside.
Eric NuttallOwned
Energy
BUY
A great small cap producer. Trading at a slight discount to competitors. Gives you good access to what will be consolidated. Could be an M&A target.
Eric NuttallOwned
Energy
BUY ON WEAKNESS
TOP PICK
They ramped up production in Q4 last year. They could get to 30,000 bpd by end-2021 -- expecting them to exit 2020 around 18,000 bpd. He has a $1.50 one year price target. Yield 0% (Analysts’ price target is $0.95)
Josef SchachterOwned
Energy
HOLD
$277 Million market cap. Book value is over $2. They are waiting for two facilities to come on line. Their Q4 production should come up. It is a very cheap stock based on that. You have to take a very long term view on LNG in Canada. Then these will do well. He likes the management team and what they will do. They are doing all the right things operationally.
Energy
