Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
April 26, 2019
A big condensate company that has struggled to execute. The market is waiting for them to deleverage. He would not buy them today. If you are bullish condensate, he would Nuvista or Kelt.
A big condensate company that has struggled to execute. The market is waiting for them to deleverage. He would not buy them today. If you are bullish condensate, he would Nuvista or Kelt.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$8.550
Owned
No
DON'T BUY
DON'T BUY
April 26, 2019
A mid-cap oil producer. They have struggled because they are too small -- energy funds are trading the big boys. Yield 7.0% and the payout ratio is fine. He would not buy it -- there are better options out there.
A mid-cap oil producer. They have struggled because they are too small -- energy funds are trading the big boys. Yield 7.0% and the payout ratio is fine. He would not buy it -- there are better options out there.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.460
Owned
No
DON'T BUY
DON'T BUY
April 26, 2019
They have 40% exposure offshore. Their acquisition of Spartan has not yet taken hold. It trades on a premium multiple and it does not have the portfolio or cash flow yield he is looking for. The payout ratio is 90%. Yield 7%
They have 40% exposure offshore. Their acquisition of Spartan has not yet taken hold. It trades on a premium multiple and it does not have the portfolio or cash flow yield he is looking for. The payout ratio is 90%. Yield 7%
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$35.150
Owned
No
HOLD
HOLD
April 26, 2019
They have done a good job paying down debt. Free cash-flow is being used to buy back shares -- he likes that. He favours Canadian mid-caps or US Permian producers.
They have done a good job paying down debt. Free cash-flow is being used to buy back shares -- he likes that. He favours Canadian mid-caps or US Permian producers.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.460
Owned
No
COMMENT
COMMENT
April 26, 2019
Peyto vs Torc. He is not fond of Peyto -- production is flat and the balance sheet is not great. They also focus on natural gas -- an area he sees little opportunity in that commodity. Torc is a well-run oil producer, with a solid management team. He clearly would prefer Torc.
Peyto vs Torc. He is not fond of Peyto -- production is flat and the balance sheet is not great. They also focus on natural gas -- an area he sees little opportunity in that commodity. Torc is a well-run oil producer, with a solid management team. He clearly would prefer Torc.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$6.260
Owned
_N/A
COMMENT
COMMENT
April 26, 2019
Peyto vs Torc. He is not fond of Peyto -- production is flat and the balance sheet is not great. They also focus on natural gas -- an area he sees little opportunity in that commodity. Torc is a well-run oil producer, with a solid management team. He clearly would prefer Torc.
Peyto vs Torc. He is not fond of Peyto -- production is flat and the balance sheet is not great. They also focus on natural gas -- an area he sees little opportunity in that commodity. Torc is a well-run oil producer, with a solid management team. He clearly would prefer Torc.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$4.890
Owned
_N/A
HOLD
HOLD
April 26, 2019
A small-cap heavy oil producer that has done well. For a large institutional buyer, there is just not enough liquidity. They did increase the dividend and they are buying back stock. Yield 5.8%
A small-cap heavy oil producer that has done well. For a large institutional buyer, there is just not enough liquidity. They did increase the dividend and they are buying back stock. Yield 5.8%
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$3.140
Owned
No