Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
January 25, 2019
So little interest in the sector, but 70% of the index is in 7 names and Suncor is the largest. No fund manager would ever be fired for holding Suncor. The new CEO is liked by the street. It is a free cash flow story and share buybacks. If you are bullish on oil going forward, this is not the one to one -- there are higher beta names out there.
Suncor Energy Inc (SU-T)
January 25, 2019
So little interest in the sector, but 70% of the index is in 7 names and Suncor is the largest. No fund manager would ever be fired for holding Suncor. The new CEO is liked by the street. It is a free cash flow story and share buybacks. If you are bullish on oil going forward, this is not the one to one -- there are higher beta names out there.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$42.350
Owned
Unknown
DON'T BUY
DON'T BUY
January 25, 2019
A fine company, but there are concerns over their total inventory. It comes down to what is the problem with Canadian energy market as a whole. There are only about 5 active analysts in the sector now. When money comes back it may be Cenovus, Baytex or MEG. Canadian light oil producers have a hard time competing against US Permian producers and there is not that much difference in value -- so investors are slow to return here as well. There is just not the depth of investors for this space.
Yangarra Resources (YGR-T)
January 25, 2019
A fine company, but there are concerns over their total inventory. It comes down to what is the problem with Canadian energy market as a whole. There are only about 5 active analysts in the sector now. When money comes back it may be Cenovus, Baytex or MEG. Canadian light oil producers have a hard time competing against US Permian producers and there is not that much difference in value -- so investors are slow to return here as well. There is just not the depth of investors for this space.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.590
Owned
No
COMMENT
COMMENT
January 25, 2019
What happened with Husky? He has to be vague. HSE-T stepping away from its tender of MEG-T was not about Alberta curtailment risk. It was not about the lack of pipeline progress. Rumours suggest 60% of the shares were tendered. So it makes him think it was something too sensitive to be officially released. Perhaps there could have been an outside entity or government that would not allow Husky to purchase MEG. That is as far has he is going. MEG has been a huge winner for the production curtailment as the WCS differentials have tightened.
MEG Energy Corp (MEG-T)
January 25, 2019
What happened with Husky? He has to be vague. HSE-T stepping away from its tender of MEG-T was not about Alberta curtailment risk. It was not about the lack of pipeline progress. Rumours suggest 60% of the shares were tendered. So it makes him think it was something too sensitive to be officially released. Perhaps there could have been an outside entity or government that would not allow Husky to purchase MEG. That is as far has he is going. MEG has been a huge winner for the production curtailment as the WCS differentials have tightened.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.530
Owned
_N/A
COMMENT
COMMENT
January 25, 2019
What happened with Husky? He has to be vague. HSE-T stepping away from its tender of MEG-T was not about Alberta curtailment risk. It was not about the lack of pipeline progress. Rumours suggest 60% of the shares were tendered. So it makes him think it was something too sensitive to be officially released. Perhaps there could have been an outside entity or government that would not allow Husky to purchase MEG. That is as far has he is going. MEG has been a huge winner for the production curtailment as the WCS differentials have tightened.
Husky Energy (HSE-T)
January 25, 2019
What happened with Husky? He has to be vague. HSE-T stepping away from its tender of MEG-T was not about Alberta curtailment risk. It was not about the lack of pipeline progress. Rumours suggest 60% of the shares were tendered. So it makes him think it was something too sensitive to be officially released. Perhaps there could have been an outside entity or government that would not allow Husky to purchase MEG. That is as far has he is going. MEG has been a huge winner for the production curtailment as the WCS differentials have tightened.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$15.990
Owned
_N/A
COMMENT
COMMENT
January 25, 2019
He would not own SGY-T. There are other companies that hold better assets and purchase them at better levels. He would choose TOG-T if you are looking for a sustainable yield instead.
Surge Energy Inc (SGY-T)
January 25, 2019
He would not own SGY-T. There are other companies that hold better assets and purchase them at better levels. He would choose TOG-T if you are looking for a sustainable yield instead.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.340
Owned
_N/A
COMMENT
COMMENT
January 25, 2019
He would not own SGY-T. There are other companies that hold better assets and purchase them at better levels. He would choose TOG-T if you are looking for a sustainable yield instead.
Torc Oil & Gas Ltd (TOG-T)
January 25, 2019
He would not own SGY-T. There are other companies that hold better assets and purchase them at better levels. He would choose TOG-T if you are looking for a sustainable yield instead.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$4.520
Owned
_N/A
DON'T BUY
DON'T BUY
January 25, 2019
He thinks their financial flexibility is so constrained that he sees better choices out there. Why would he take on that added risk?
He thinks their financial flexibility is so constrained that he sees better choices out there. Why would he take on that added risk?
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$0.570
Owned
No