Latest Stock Buy or Sell?
Today, Eric Nuttall commented about whether IMO-T, MEG-T, WCP-T, TOG-T, TOU-T, CPG-T, BTE-T, ARX-T, CNQ-T, SU-T, KEL-T, VET-T, CVE-T, TVE-T, BIR-T, NVA-T are stocks to buy or sell.
- Page 2/5
DON'T BUY
Not a holding now. They paid off all their debt by selling some assets. They are at a net cash position. In the short term there is no reason to own the stock due to lack of catalyst.
oil / gas
$1.720
No
COMMENT
COMMENT
The momentum today will off-set tax-loss selling. Looking through the very short term, the dynamics of the sector are tighter. They had a disappointing 2021 forecast with more gas allocations. If you are bullish on natural gas, you could be a buyer, but he does not find it too compelling.
oil / gas
PAST TOP PICK
(A Top Pick Dec 19/19, Down 64%) It offers meaningful beta for increasing oil price. He thinks it will lag other names, especially since more and more investors favour MEG. He does not hold it.
PAST TOP PICK
(A Top Pick Dec 19/19, Down 60%) It offers meaningful cashflow. They are treading water but have meaningful leverage to an increasing oil price. At $50, it will trade at 24% free cashflow yield, at $60. 60%. It could potentially amalgamate with other companies in the area.
oil / gas
PAST TOP PICK
(A Top Pick Dec 19/19, Up 21%) He has reduced his position from 10% - 2% due to implosion of the natural gas pricing from the warm weather. They can use their strong balance sheet and Topaz, as an aggregator. He expects them to be aggressive as a consolidator.
oil / gas
