Eric Nuttall Strathcona Resources SCR-T DON'T BUY Apr 22, 2024

Good deal buying Pipestone (not good for Pipestone shareholders). No liquidity in stock. Not trading at largest enough discount to justify investment. Better names in sector. Lots of debt also a concern. Hard for large investors to buy meaningful amount of shares. 

Weird mix, no synergies between them. Substantial producer. Prefers a pure play of either heavy oil or natural gas, as the dynamics of each are different. Just buy TOU, or see his Top Picks.

Skilled management team. Share price per following barrel is extremely attractive. Tight liquidity, but excellent for retail investors. 

Resource rich. Public-private, given how much some stakeholders own. Liquidity is quite poor, trying to fix this with a wall of stock coming at us. Metrics screen very well. Meaningful upside, but you can't just buy based on an Excel spreadsheet, must be aware of other elements at play.

On his radar, but liquidity in the stock is very poor. Float is too small to buy a large chunk of shares. Likes its focus on the Montney and the oil sands (a national treasure). Loves long-dated assets and their quality. Meaningful leverage to rising oil.