Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
May 4, 2018

Canada Pension Plan is rumoured to have backed the management proposal against the proxy battle. However, the company has lingering frustration about historical investment decisions. He thinks there will eventually be some significant change within management.

Canada Pension Plan is rumoured to have backed the management proposal against the proxy battle. However, the company has lingering frustration about historical investment decisions. He thinks there will eventually be some significant change within management.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$10.180
Owned
Unknown
HOLD
HOLD
May 4, 2018

This is one of the most liquid services company in Canada, which gives it a slight advantage in the space. Their recent quarterly earnings were on line. They have the best technology and this is leading to higher daily rents – double from the lows. Free cash flow is solid and this will help drop debt levels.

This is one of the most liquid services company in Canada, which gives it a slight advantage in the space. Their recent quarterly earnings were on line. They have the best technology and this is leading to higher daily rents – double from the lows. Free cash flow is solid and this will help drop debt levels.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$4.490
Owned
No
SPECULATIVE BUY
SPECULATIVE BUY
May 4, 2018

Their market cap is below a level to entice large investors. Money is coming into the sector from the US, but this is not a highly ranked one. It is trading at only 3 times cash flow based on $70 oil – normally it trades at 5-6 times.

Their market cap is below a level to entice large investors. Money is coming into the sector from the US, but this is not a highly ranked one. It is trading at only 3 times cash flow based on $70 oil – normally it trades at 5-6 times.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$3.660
Owned
No
STRONG BUY
STRONG BUY
May 4, 2018

This offers the highest torque of any energy stock to rising oil prices, so he likes owning this one. The one knock is that they have been a one trick pony in the Viking area with a decline rate of 40%. They acquired a lot of cheap acreage in the Duvernay region to help diversify. The question is, is the new play going to do well? The CEO has $120 million of his own money in this and the balance sheet is squeaky clean. He could see a 78% upside in value from here.

This offers the highest torque of any energy stock to rising oil prices, so he likes owning this one. The one knock is that they have been a one trick pony in the Viking area with a decline rate of 40%. They acquired a lot of cheap acreage in the Duvernay region to help diversify. The question is, is the new play going to do well? The CEO has $120 million of his own money in this and the balance sheet is squeaky clean. He could see a 78% upside in value from here.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$7.220
Owned
Yes
STRONG BUY
STRONG BUY
May 4, 2018

This offers the highest torque of any energy stock to rising oil prices, so he likes owning this one. The one knock is that they have been a one trick pony in the Viking area with a decline rate of 40%. They acquired a lot of cheap acreage in the Duvernay region to help diversify. The question is, is the new play going to do well? The CEO has $120 million of his own money in this and the balance sheet is squeaky clean. He could see a 78% upside in value from here.

This offers the highest torque of any energy stock to rising oil prices, so he likes owning this one. The one knock is that they have been a one trick pony in the Viking area with a decline rate of 40%. They acquired a lot of cheap acreage in the Duvernay region to help diversify. The question is, is the new play going to do well? The CEO has $120 million of his own money in this and the balance sheet is squeaky clean. He could see a 78% upside in value from here.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$7.220
Owned
Yes
SPECULATIVE BUY
SPECULATIVE BUY
May 4, 2018

This is a good way to benefit from Shell’s decision to go ahead with LNG at Kitimat. He would caution this is a short term trade as the real benefit will not likely come until 2023. A short term speculative buy.

This is a good way to benefit from Shell’s decision to go ahead with LNG at Kitimat. He would caution this is a short term trade as the real benefit will not likely come until 2023. A short term speculative buy.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.510
Owned
No
STRONG BUY
STRONG BUY
May 4, 2018

This is one of the go to names for beta to oil. It only trades 4.1 times EBITDA and has over 130% of upside if WTI goes to $80. Their Eagleford results have been good, but not enough to move the needle. If you are bullish on oil, this is definitely a name to go with.

This is one of the go to names for beta to oil. It only trades 4.1 times EBITDA and has over 130% of upside if WTI goes to $80. Their Eagleford results have been good, but not enough to move the needle. If you are bullish on oil, this is definitely a name to go with.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.550
Owned
No