Today, Eric Nuttall and The Panic-Proof Portfolio (Stockchase Research) commented about whether GGAL-Q, VEON-Q, CNR-T, ASO-Q, SBS-N, MCY-N, RPRX-Q, ARX-T, ATH-T, MEG-T, KEL-T, SU-T, DVN-N, AAV-T, CVE-T, LCX-X, HWX-T, PD-T, BTE-T, VRN-T, CHRD-Q, NVA-T, FRU-T, CNQ-T, CEU-T, TVE-T, PXT-T are stocks to buy or sell.
They underperformed a lot last year, but have been righting the ship after disappointing quarters. Has deep value, trading at 4x, a 15% free cash flow yield, though worried about inventory depth in the Permian. He must prefers Canadian oil sand companies (solid balance sheet, long inventories, execution, share buybacks).
One of his largest holdings. It has sold off from tariff worries, just hitting a one-year low. They have 35 years of stay-flat inventory. Over 5 years, will grow production 25% while buying back half their shares as they pay a dividend. At $70, will trade at 4x cash flow and 13% free cash flow yield. At $80, they could buyback 80% of shares over 5 years. Is way oversold. Targets $30 in a year.
(Analysts’ price target is $31.25)Buy any dip. They will modestly grow production over 5 years and buy 68% of shares at the current oil price; at $80 they could almost privatize. At $70 oil in 5 years, they will free cash flow at the current share price. Has 50 years of stay-flat inventory. At flat oil, will go from 3.9x cash flow this year, 3.2x in 2026 and 0.3x in 2029.
(Analysts’ price target is $6.42)
One of the worst energy names. The CEO and board did one of the word acquisitions in history. When the market wanted natural gas, they added liquids exposure. Are the worst-performing nat gas stock in North America. No upside. An activist has put members on the board.