Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
September 14, 2018

They have done some good acquisitions and they have heavy oil exposure, but the liquidity is just too slight.

Gear Energy (GXE-T)
September 14, 2018

They have done some good acquisitions and they have heavy oil exposure, but the liquidity is just too slight.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.120
Owned
No
DON'T BUY
DON'T BUY
September 14, 2018

The debt is simply too high for him to invest in. They also have some issues with First Nations peoples. This has too much hair on it for him.

Crew Energy Inc. (CR-T)
September 14, 2018

The debt is simply too high for him to invest in. They also have some issues with First Nations peoples. This has too much hair on it for him.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.700
Owned
No
HOLD
HOLD
September 14, 2018

Raging River had good light oil assets but issues with decline rates. Baytex shareholders were comfortable with the debt, given the torque to heavy oil differentials. Mashed together, it has allowed the concerns over BTE-T debt levels to be abated and is opening doors for new opportunities.

Raging River had good light oil assets but issues with decline rates. Baytex shareholders were comfortable with the debt, given the torque to heavy oil differentials. Mashed together, it has allowed the concerns over BTE-T debt levels to be abated and is opening doors for new opportunities.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.990
Owned
No
HOLD
HOLD
September 14, 2018

Raging River had good light oil assets but issues with decline rates. Baytex shareholders were comfortable with the debt, given the torque to heavy oil differentials. Mashed together, it has allowed the concerns over BTE-T debt levels to be abated and is opening doors for new opportunities.

Baytex Energy Corp (BTE-T)
September 14, 2018

Raging River had good light oil assets but issues with decline rates. Baytex shareholders were comfortable with the debt, given the torque to heavy oil differentials. Mashed together, it has allowed the concerns over BTE-T debt levels to be abated and is opening doors for new opportunities.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$3.570
Owned
No
TOP PICK
TOP PICK
September 14, 2018

At 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)

Parsley Energy (PE-N)
September 14, 2018

At 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
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$28.260
Owned
Yes
TOP PICK
TOP PICK
September 14, 2018

About 1/3 of their production is moving to US Gulf Coast markets, with the help of rail. He expects the heavy differential to narrow towards $20. Yield 0%. (Analysts’ price target is $11.33)

MEG Energy Corp (MEG-T)
September 14, 2018

About 1/3 of their production is moving to US Gulf Coast markets, with the help of rail. He expects the heavy differential to narrow towards $20. Yield 0%. (Analysts’ price target is $11.33)

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$7.000
Owned
Yes
TOP PICK
TOP PICK
September 14, 2018

The merged Raging River/Baytex company, at $80 oil and a five times multiple over cash flow is a $10 stock. The Eagleford and Viking assets create cash flow as they delineate a prolific heavy oil play in Peace River and massive exposure into the East Duverney play. Yield 0%. (Analysts’ price target is $6.31)

Baytex Energy Corp (BTE-T)
September 14, 2018

The merged Raging River/Baytex company, at $80 oil and a five times multiple over cash flow is a $10 stock. The Eagleford and Viking assets create cash flow as they delineate a prolific heavy oil play in Peace River and massive exposure into the East Duverney play. Yield 0%. (Analysts’ price target is $6.31)

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$3.570
Owned
Yes