Latest Expert Opinions

Signal
Opinion
Expert
WAIT
WAIT
November 16, 2018
They are a condensate producer. Condensate differentials have ballooned out as well, but should shortly go back to historic levels in the next 2 months. They have beaten 2 quarters in a row. However, he sees better opportunities in other names.
They are a condensate producer. Condensate differentials have ballooned out as well, but should shortly go back to historic levels in the next 2 months. They have beaten 2 quarters in a row. However, he sees better opportunities in other names.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$12.040
Owned
No
COMMENT
COMMENT
November 16, 2018
Their dividend payout is not sustainable at current levels. But correction in differential and $60 crude will keep the payout sustainable which he thinks will happen.
Cardinal Energy Ltd (CJ-T)
November 16, 2018
Their dividend payout is not sustainable at current levels. But correction in differential and $60 crude will keep the payout sustainable which he thinks will happen.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$3.155
Owned
No
COMMENT
COMMENT
November 16, 2018
He holds management in high esteem. They are selling their oil at a hub that is not experiencing the same degree of differentials as other hubs because it is more direct to the US market. They are yielding about 4%. So total dividend and growth, probably looking at about 10% return. He is bullish on heavy oil Canadian names. He sees better opportunities in condensate or heavy oil names.
Torc Oil & Gas Ltd (TOG-T)
November 16, 2018
He holds management in high esteem. They are selling their oil at a hub that is not experiencing the same degree of differentials as other hubs because it is more direct to the US market. They are yielding about 4%. So total dividend and growth, probably looking at about 10% return. He is bullish on heavy oil Canadian names. He sees better opportunities in condensate or heavy oil names.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.150
Owned
No
COMMENT
COMMENT
November 16, 2018
He sees the deal going through in January. He thinks Husky still needs to increase their bid slightly. Currently MEG is trading at a 4% discount to the bid. It is better risk reward to buy their corporate bonds vs stock, and therefore some have been shorting the stock.
MEG Energy Corp (MEG-T)
November 16, 2018
He sees the deal going through in January. He thinks Husky still needs to increase their bid slightly. Currently MEG is trading at a 4% discount to the bid. It is better risk reward to buy their corporate bonds vs stock, and therefore some have been shorting the stock.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$9.100
Owned
No
DON'T BUY
DON'T BUY
November 16, 2018
Baytex is his largest holding. He does not own CPG and would not own this. CPG is undervalued and cheap but so is the entire sector. CPG has several challenges and he would stay away from it. Their asset base is older and more tired. So more cash flow has to go to sustain production and not allow them to grow production.
Baytex is his largest holding. He does not own CPG and would not own this. CPG is undervalued and cheap but so is the entire sector. CPG has several challenges and he would stay away from it. Their asset base is older and more tired. So more cash flow has to go to sustain production and not allow them to grow production.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$4.940
Owned
No
PAST TOP PICK
PAST TOP PICK
November 16, 2018
(A Top Pick Nov 15/17, Down 71%) He has been in and out of this stock because of the volatility. It is dirt cheap but does not own it now. Every producer will likely come out next year with a very conservative spending budget. What is the next catalyst to get people interested in this name? He likes the assets and management and the long term outlook, but it is probably stuck in the short term.
(A Top Pick Nov 15/17, Down 71%) He has been in and out of this stock because of the volatility. It is dirt cheap but does not own it now. Every producer will likely come out next year with a very conservative spending budget. What is the next catalyst to get people interested in this name? He likes the assets and management and the long term outlook, but it is probably stuck in the short term.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.280
Owned
No
PAST TOP PICK
PAST TOP PICK
November 16, 2018
(A Top Pick Nov 15/17, Down 85%) He sold it at about $6.50. The call was on frac sand at the time. As pricing for sand has deteriorated, it has an effect on their margins. The outlook is not awesome on this name.
(A Top Pick Nov 15/17, Down 85%) He sold it at about $6.50. The call was on frac sand at the time. As pricing for sand has deteriorated, it has an effect on their margins. The outlook is not awesome on this name.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.460
Owned
No