Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
March 8, 2019
Is a light and medium oil producer. This was a $15 stock 5 years ago. It is very cheap. Their dividend is very sustainable at $57-60 oil values. It is undervalued but there may be other opportunities elsewhere. It is an example of how the small cap companies are challenged in Canada. You probably want to invest where the money is going to go first which is not this name.
Is a light and medium oil producer. This was a $15 stock 5 years ago. It is very cheap. Their dividend is very sustainable at $57-60 oil values. It is undervalued but there may be other opportunities elsewhere. It is an example of how the small cap companies are challenged in Canada. You probably want to invest where the money is going to go first which is not this name.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.110
Owned
No
BUY
BUY
March 8, 2019
MEG was down on release of Q4 results. It gives exposure to heavy oil in Alberta. They can keep production cap and generate $527M in free cashflow based on $60 oil next year. If they chose to buyback stock, they could purchase 36% of their shares outstanding in 1 year. They are focusing on delevering the company. They can service their current debt and thinks they may be better off to buyback shares. Extremely undervalued.
MEG was down on release of Q4 results. It gives exposure to heavy oil in Alberta. They can keep production cap and generate $527M in free cashflow based on $60 oil next year. If they chose to buyback stock, they could purchase 36% of their shares outstanding in 1 year. They are focusing on delevering the company. They can service their current debt and thinks they may be better off to buyback shares. Extremely undervalued.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.070
Owned
Yes
DON'T BUY
DON'T BUY
March 8, 2019
This is a light medium oil producer. Given the market cap and leverage, he prefers others with a better balance sheet. Would recommend Torque Oil & Gas instead.
This is a light medium oil producer. Given the market cap and leverage, he prefers others with a better balance sheet. Would recommend Torque Oil & Gas instead.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.350
Owned
No
DON'T BUY
DON'T BUY
March 8, 2019
It trades at a higher premium than some of its peers. You do get some foreign exposure with this. Can get higher returns with other names and slightly better balance sheets.
It trades at a higher premium than some of its peers. You do get some foreign exposure with this. Can get higher returns with other names and slightly better balance sheets.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$33.770
Owned
No
BUY
BUY
March 8, 2019
If you believe in $60 oil or higher, this offers the highest leverage of any name. If you believe in $55 or lower, you do not want to own this. This company is very sensitive to oil price and oil differential. Negative cash flow at $55 oil and positive cash flow at $60 oil. If Line 3 does come on next year, and oil by rail ramps up, and if get positive resolution to Keystone or trans mountain, this could be a double or triple.
If you believe in $60 oil or higher, this offers the highest leverage of any name. If you believe in $55 or lower, you do not want to own this. This company is very sensitive to oil price and oil differential. Negative cash flow at $55 oil and positive cash flow at $60 oil. If Line 3 does come on next year, and oil by rail ramps up, and if get positive resolution to Keystone or trans mountain, this could be a double or triple.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$0.850
Owned
Unknown
DON'T BUY
DON'T BUY
March 8, 2019
He is challenged with natural gas in general in North America. There is a tonne of low cost supply. There are other names he would strongly prefer. He would not have exposure to Canadian nat gas stocks now.
He is challenged with natural gas in general in North America. There is a tonne of low cost supply. There are other names he would strongly prefer. He would not have exposure to Canadian nat gas stocks now.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$3.430
Owned
No
PAST TOP PICK
PAST TOP PICK
March 8, 2019
(A Top Pick Mar 15/18, Down 2%) It was acquired by Baytex. Baytex remains his largest holding. It is extremely undervalued. They beat on Q4 and expect Q1 to be a beat. It is at a 24% free cash flow yield. No issues with balance sheet.
(A Top Pick Mar 15/18, Down 2%) It was acquired by Baytex. Baytex remains his largest holding. It is extremely undervalued. They beat on Q4 and expect Q1 to be a beat. It is at a 24% free cash flow yield. No issues with balance sheet.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$0.000
Owned
Yes