Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
November 15, 2019
They were trading at values lower than reserve values. They are initiating their first share buyback this year. One analyst has a $26 price target for them. They are a big natural gas producer, and we are heading into a colder than normal winter outlook. When you can buy a quality company at these levels, where management is investing heavily themselves and it trades at 3 times cash flow, you can't go wrong.
Tourmaline Oil Corp (TOU-T)
November 15, 2019
They were trading at values lower than reserve values. They are initiating their first share buyback this year. One analyst has a $26 price target for them. They are a big natural gas producer, and we are heading into a colder than normal winter outlook. When you can buy a quality company at these levels, where management is investing heavily themselves and it trades at 3 times cash flow, you can't go wrong.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$12.700
Owned
Unknown
WATCH
WATCH
November 15, 2019
The spending outlook for drilling in 2020 is very poor. Companies can not justify spending more to just keep production flat, especially when the market will not give you credit for it. Companies should be putting free cash flow into share buybacks. It is negative for service companies. He wonders when this has been fully discounted in the share price. He is more tempted to buy a producer.
Precision Drilling (PD-T)
November 15, 2019
The spending outlook for drilling in 2020 is very poor. Companies can not justify spending more to just keep production flat, especially when the market will not give you credit for it. Companies should be putting free cash flow into share buybacks. It is negative for service companies. He wonders when this has been fully discounted in the share price. He is more tempted to buy a producer.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.360
Owned
No
BUY
BUY
November 15, 2019
He thinks there is still good upside to come. The sector has put all the good companies in the same camp as the poor performers and dragged all down to the same reduced valuations. Arc is yielding 9.1% and trades at a 25% discount to their reserve valuation. Out to 2021 their spending drops to create a 10% free cash flow yield after paying the dividend. He still sees this as an opportunity.
Arc Resources Ltd (ARX-T)
November 15, 2019
He thinks there is still good upside to come. The sector has put all the good companies in the same camp as the poor performers and dragged all down to the same reduced valuations. Arc is yielding 9.1% and trades at a 25% discount to their reserve valuation. Out to 2021 their spending drops to create a 10% free cash flow yield after paying the dividend. He still sees this as an opportunity.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$6.470
Owned
Unknown
DON'T BUY
DON'T BUY
November 15, 2019
Tax loss sell? He thinks tax loss selling may create a risk that you miss out on the gains. He would stay in the sector, don't move into cannabis or something else. He does not have a lot of confidence with this management team. He sees better alternatives.
Surge Energy Inc (SGY-T)
November 15, 2019
Tax loss sell? He thinks tax loss selling may create a risk that you miss out on the gains. He would stay in the sector, don't move into cannabis or something else. He does not have a lot of confidence with this management team. He sees better alternatives.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.000
Owned
No
DON'T BUY
DON'T BUY
November 15, 2019
Buy for Yield? He would not buy here. Although the dividend is juicy, he thinks oil producers will fair better. VET still commands a higher multiple than other plays, so he sees better choices out there.
Buy for Yield? He would not buy here. Although the dividend is juicy, he thinks oil producers will fair better. VET still commands a higher multiple than other plays, so he sees better choices out there.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$19.120
Owned
No
DON'T BUY
DON'T BUY
November 15, 2019
The fundamentals of sand fracing has changed dramatically. The spending outlook for fracing is also looking very poor for next year. He would not take the risk.
The fundamentals of sand fracing has changed dramatically. The spending outlook for fracing is also looking very poor for next year. He would not take the risk.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.300
Owned
No
DON'T BUY
DON'T BUY
November 15, 2019
Privatization possibility? He is not surprised privatizations have not happened already in the space. He suggests taking a tax loss and roll into a better oil producer. The demand for the small cap names is just too small right now.
Cardinal Energy Ltd (CJ-T)
November 15, 2019
Privatization possibility? He is not surprised privatizations have not happened already in the space. He suggests taking a tax loss and roll into a better oil producer. The demand for the small cap names is just too small right now.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.000
Owned
No