Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 19, 2018

He holds no natural gas stocks in his portfolio as he remains bearish on natural gas. It is trading 5 times cash flow – near trough levels – but it is difficult to excite investors and the variability of weather is too uncertain.

He holds no natural gas stocks in his portfolio as he remains bearish on natural gas. It is trading 5 times cash flow – near trough levels – but it is difficult to excite investors and the variability of weather is too uncertain.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$4.550
Owned
No
BUY
BUY
October 19, 2018

He has been averaging down on this one. It holds a premiere asset base with paybacks being less than one year. He thinks they will be able to unlock the asset value over the next two years. He thinks this could trade back above $10.

Kelt Exploration (KEL-T)
October 19, 2018

He has been averaging down on this one. It holds a premiere asset base with paybacks being less than one year. He thinks they will be able to unlock the asset value over the next two years. He thinks this could trade back above $10.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$6.830
Owned
No
DON'T BUY
DON'T BUY
October 19, 2018

He would avoid this one as it is a small cap stock that investors have no interest in presently. It has failed to gain any institutional interest. Without that support, valuations will not improve. There are better opportunities out there.

Surge Energy Inc (SGY-T)
October 19, 2018

He would avoid this one as it is a small cap stock that investors have no interest in presently. It has failed to gain any institutional interest. Without that support, valuations will not improve. There are better opportunities out there.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.250
Owned
No
DON'T BUY
DON'T BUY
October 19, 2018

This stock was a sell on fact situation following the announcement of Shell to proceed with LNG on the west coast. There is long term exposure to BC natural gas out to 2023. They are having trouble proving the value of their acreage. He would not own this as he remains bearish natural gas.

This stock was a sell on fact situation following the announcement of Shell to proceed with LNG on the west coast. There is long term exposure to BC natural gas out to 2023. They are having trouble proving the value of their acreage. He would not own this as he remains bearish natural gas.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.270
Owned
No
DON'T BUY
DON'T BUY
October 19, 2018

LNG Canada is coming on in 2023 – a long time to protect the balance sheet. He does not like the level of debt as it handcuffs any financial gains. He would not own this.

LNG Canada is coming on in 2023 – a long time to protect the balance sheet. He does not like the level of debt as it handcuffs any financial gains. He would not own this.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.230
Owned
No
COMMENT
COMMENT
October 19, 2018

The hostile takeover bid for MEG may result in a higher bid – he has not written off the prospect entirely. He has not been a great fan of HSE-T, but he has owned MEG. As the energy sector has collapsed further, Husky is trying to take advantage of epically undervalued assets. He thinks MEG could go for closer to $13 per share versus the current $10.88 bid. He wonders if Suncor or Imperial may step forward as a bidder.

Husky Energy (HSE-T)
October 19, 2018

The hostile takeover bid for MEG may result in a higher bid – he has not written off the prospect entirely. He has not been a great fan of HSE-T, but he has owned MEG. As the energy sector has collapsed further, Husky is trying to take advantage of epically undervalued assets. He thinks MEG could go for closer to $13 per share versus the current $10.88 bid. He wonders if Suncor or Imperial may step forward as a bidder.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$20.080
Owned
No
TOP PICK
TOP PICK
October 19, 2018

Predominantly a light oil producer. They have changed their portfolio to only 21% heavy oil exposure – holding 40% in Eagleford light barrels. Debt to cash flow is only 1.7 times. He wants 10% of his portfolio to be this holding.

Baytex Energy Corp (BTE-T)
October 19, 2018

Predominantly a light oil producer. They have changed their portfolio to only 21% heavy oil exposure – holding 40% in Eagleford light barrels. Debt to cash flow is only 1.7 times. He wants 10% of his portfolio to be this holding.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.990
Owned
Yes