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Compiling comments that experts make about stocks while on public TV.

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Eric Nuttall , Portfolio Manager

Sprott Assett Management


Date Signal Chart Symbol Company Opinion Price
2015-04-06 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Oil and gas is where he is seeing the most opportunity because it has been out of favour and we are bottoming now.  The US is entering its period of seasonal strength.  The 1.5 Million imbalance is quickly getting restored by decline production rates in the US.  Prices may keep pulling back after companies increase production in response to increases in price.  Refinery utilization has gone up for the past two weeks.  Demand is going up.  The market could easily be under supplied by this time next year if the oil price holds and Cap-X remains low (now generally cut by 50%).


Price:
$0.020
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
_N/A
2015-04-06 DON'T BUY Must be logged in to use chart BXE-T Bellatrix Exploration Ltd.

This is a team he is not comfortable with due to lack of inside ownership.  An activist investor was telling them to sell their midstream operations and he is not in favour.  It is not a name he needs to go near.


Price:
$3.180
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Unknown
2015-04-06 PAST TOP PICK Must be logged in to use chart COG-N Cabot Oil & Gas

(Top Pick March 10/14, Down 14.12%) They are a lower cost operator.  He sold this a couple of months after recommending it.  Their challenge has been that their industry has been wildly successful in getting production growth and now there is a severe shortage of pipelines in the region so the price they sell for is lower than other regions in the US.  He sold when a major pipeline was deferred by 6-9 months.


Price:
$30.490
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
No
2015-04-06 WEAK BUY Must be logged in to use chart DEE-T Delphi Energy Corp.

Predominantly Nat gas.  They were drilling wells that were better than people thought.  There could be a potential new asset value that the street is not recognizing.  He is warming up to this.


Price:
$1.790
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Unknown
2015-04-06 BUY Must be logged in to use chart DRT-T DIRTT Environmental Solutions

They had a record quarter and are up 80%+ since January.  It is actual organic top line earnings growth.  He scaled back because the stock has done so well.   Their Q1 is strong, but not as strong as Q4 when they shot the lights out.  They have a large fixed cost base for manufacturing and each increase in business is pure profit.


Price:
$6.890
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Unknown
2015-04-06 TOP PICK Must be logged in to use chart EH-T easyhome

It is a top holding in his small cap fund now.  They are growing organically.  The growth is through expansion in their loan book.  Their exposure to Western Canada is about 6-7%.  They are going to grow earnings 30-40%.


Price:
$21.030
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Yes
2015-04-06 BUY Must be logged in to use chart GRC-X Grenville Strategic Royalty

His third largest holding.  They have just been able to start flowing money through to shareholders as a dividend, 6.67%.  They keep harvesting cash and doing deals.  They have in excess of 30 royalty deals.  They stumbled once last year and there is hope they can get about half of their million dollars back.  The market has written that off entirely.  This is going to be a buy and hold for him.


Price:
$0.800
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Yes
2015-04-06 SPECULATIVE BUY Must be logged in to use chart HNL-T Horizon North Logistics

They are crushed due to the lack of Cap-X in the oil sands.  He bought it because he is optimistic about a potential contract they are hoping to get.  The leverage will be enormous if they get it.  It is not for the faint of heart with a 12% dividend yield.


Price:
$2.520
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Yes
2015-04-06 WATCH Must be logged in to use chart IKM-X Ikkuma Resources

Has completely fallen out of favour. It is small cap.  They tinkered with an old well and it came in very positive.  They are producing at 50% of their proven production level.  The fundamentals have not changed on this one.  Management is very strong.  It is on his radar screen to add more.


Price:
$0.640
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Yes
2015-04-06 BUY Must be logged in to use chart KEL-T Kelt Exploration

It is a good entry point.  He just bought it last week.  They have a massive land spread that is LNG rich.  This is where the upside is.  Management is buying stock right now.


Price:
$8.550
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Yes
2015-04-06 DON'T BUY Must be logged in to use chart LEG-T Legacy Oil and Gas Inc.

If you believe the price of oil is falling there are some companies you don’t hold.  This one has a stretched balance sheet.  They need $53 oil for them not to trip their covenants.  If they recover, will investors go back to them?  He is not going to bottom feed.


Price:
$1.850
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Unknown
2015-04-06 DON'T BUY Must be logged in to use chart LRE-T Long Run Exploration

They were caught offside with debt levels at 5 times debt to cash flow.  The dividend is cut to zero.  Debt and production growth are still concerns.  They are challenged, as are most companies.  Oil needs to get to $70 (local price) in order for them to growth production and resume the dividend.  He believes they will sell assets to reduce debt.  It’s not a terminal situation, but he does not buy companies with stressed balance sheets.


Price:
$0.740
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Unknown
2015-04-06 DON'T BUY Must be logged in to use chart PRE-T Pacific Rubiales Energy Corp.

It is in a terribly financial situation.  They were deploying capital into several countries and now debt to cash flow is very high. 


Price:
$3.080
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
No
2015-04-06 DON'T BUY Must be logged in to use chart RRX-T Raging River Exploration

They are in one of the most economic oil plays in Canada.  There will be a lot of assets for sale.  The market thinks there will be wildly accretive acquisitions.  His concern is that the stock has risen so high that the expectations are almost impossible to meet.  That is why this is not a name he owns.


Price:
$9.250
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
No
2015-04-06 DON'T BUY Must be logged in to use chart SGY-T Surge Energy Inc

Don’t hold it just for the 9.4% yield.  At $50 oil there is perhaps two companies that can sustain their dividend.  SGY-T has higher debt than most people are comfortable with.  They are at around 100% payout ratio.  There are other names he would prefer.


Price:
$3.150
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Unknown
Showing 1 to 15 of 875 entries
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5 Comments

petersirie

December 17th 2012 at 6:46pm

Keep up the quality commentary please. I have really appreciated your insight.

boblewellyn@yah

March 16th 2013 at 7:50pm

There is a report that Petrobakken has started a gas injection program that has substantially increased their production and reserves. Stock closed at $9.50 on Friday, March 15, 2013, probably because of this report.

car2nz

April 10th 2014 at 3:12pm

When Eric says BUY...You should be SELLING ...When he says Sell...You should be BUYING. He is consistently WRONG! It's amazing!

BeauRegard

April 21st 2014 at 3:36pm

Not the sharpest knife in the drawer!

CH-Investments

April 26th 2014 at 10:04am

Not a fan of all his picks but some of them have great potential to generate a large profit. Have found a number of decent picks here and have done my own analysis which has made me operate at a decent profit.


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