Eric Nuttall
Member since: Mar '10
Partner & Senior Portfolio Manager at
Ninepoint Partners

Latest Top Picks

(A Top Pick Apr 26/19, Down 85%) He sold out when oil prices dropped to the mid-$30s. He will own it again and likes their hedge book, which is 48% hedged. They luckily refinanced their debt out to 2027 just before the COVID crisis took hold.
(A Top Pick Apr 26/19, Down 75%) It remains a core holding for him. They have a great balance sheets as they monetized some assets and hedged aggressively last year. They have about 18% of their oil hedged at $54 and 38% receives a $10 premium to WTI. They have only drawn $500 of the credit line, leaving $2 billion of capacity yet. He expects a $100 million cash burn at $25 oil.
(A Top Pick Apr 26/19, Down 62%) A high quality asset holding. It remains a core holding and he loves how management is operating through these difficult times.
They have a very good hedge book -- 55% hedged at $59 WTI. When oil prices recover back to normal it will become one of the top takeout targets. Yield 0% (Analysts’ price target is $3.98)
A natural gas and condensate producer. They are 34% hedged at $76 CAD and 24% of their liquids production receives a premium to WTI. His biggest position in his portfolio. Yield 0% (Analysts’ price target is $1.62)