Viewing Expert Eric Nuttall | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Eric Nuttall , Portfolio Manager

Sprott Assett Management


Date Signal Chart Symbol Company Opinion Price
2016-08-30 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. We have had a good move in oil and oil stocks, and thinks people are waiting for the next couple of months to play themselves out to get more conviction in terms of shorter-term direction. He’s been calling for $60 oil for next year. September is usually a poor month for energy stocks and oil. Now we have the distraction of having an OPEC meeting at the end of September, whether it be a freeze or no freeze. Whether they formally agree or not to increase production, is a bit of a joke, but the market has really gotten caught up in it. We have also seen speculative net length in oil itself, increase pretty materially and at the same time there has been a huge drawdown in the Short interest in oil. The oil price must really be high enough that allows US industry to drill enough to grow production once again.


Price:
$0.020
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
_N/A
2016-08-30 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Oil or gas? This was topical earlier this year when people were bearish on oil, and then everybody piled into the natural gas names, and not inflated the multiples. He would say that natural gas names are relatively more expensive, so his predisposition would be to buy oil names. Gas is capped whereas oil you could have a pretty significant spike in the next few years. However, he prefers looking at this through individual companies.


Price:
$0.020
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
_N/A
2016-08-30 COMMENT Must be logged in to use chart ABT-T Absolute Software Corp.

Sold his holdings earlier this year because, as the company was entering into a transition point where they are investing more in research development and are in more sales staff, there is going to be a compression and margins in the story would just stall out. Intends to revisit this sometime in 2017. They are holding around $60 million in net cash, so the dividend is safe.


Price:
$7.100
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
No
2016-08-30 SELL Must be logged in to use chart AYA-T Amaya Gaming Group Inc.

There was a taint on this due to the previous CEO who resigned. You are now left with a business where they are they market leader in a declining business (poker), but are going to be offsetting that. This has so much animosity that it would be a Sell. (See Top Picks.)


Price:
$19.620
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
Unknown
2016-08-30 TOP PICK Must be logged in to use chart BIR-T Birchcliff Energy Ltd.

A natural gas name that has re-birthed from an acquisition with Encana (ECA-T) on the Gordon Dell property. It is still trading at a discount valuation. He thinks people will recognize how cheap this name is relative to its fundamentals. On a forward basis he would have it trading at about 7.2X cash flow. Its peers trade at 8X or 9X, and yet with this property acquisition, they’ve increased inventory to a highly perceptive liquids rich play. Most importantly, they have taken down their debt. He is looking at a $13 share price in 2 years, if using an 8X multiple.


Price:
$9.090
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
Yes
2016-08-30 COMMENT Must be logged in to use chart BNK-T Bankers Petroleum

Just won a tax dispute against the Albanian government. Up until a few months ago, the $57 million would be a major win, but right now it is going to be going into the pockets of the Chinese company that is bidding on the company. If you own this, you are just holding for another nickel or dime.


Price:
$1.920
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
Unknown
2016-08-30 HOLD Must be logged in to use chart BTE-T Baytex Energy Corp

He loved this earlier this year. He liked that it had no debt maturities coming until 2021, so the balance sheet was a lot stronger than people had thought. However, that trade has kind of played itself out. He would love to own this in the $5 space.


Price:
$6.020
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
Unknown
2016-08-30 COMMENT Must be logged in to use chart CJ-T Cardinal Energy Ltd

He likes this, because it is still trading at a discount multiple, relative to some of its peers. It has a stronger than average balance sheet, lower than average decline rate, better than average properties and the ability at a higher oil price. 80% of their oil gets sold at a discount to light oil, because it is medium gravity and the product leverage to a rise in the oil price is that much more magnified. He could see this at $15 in 2 years.


Price:
$8.770
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
Yes
2016-08-30 BUY on WEAKNESS Must be logged in to use chart CJT-T Cargojet Inc

Sold his holdings earlier this year. The story has now played itself out, and he would love to buy this on weakness. Trading liquidity can be fairly thin.


Price:
$40.370
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
No
2016-08-30 PAST TOP PICK Must be logged in to use chart CPG-T Crescent Point Energy Corp

(A Top Pick Aug 25/15. Up 71.25%.) At the current price, this is not a Hold, but in the next 2 months it is his intention to Buy below $20. If he can get it in the high $18-low $19, he would buy it aggressively. Thinks this is a $28 stock 2 years out at $65 oil in 2018.


Price:
$20.390
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
No
2016-08-30 COMMENT Must be logged in to use chart DIV-T Diversified Royalty Corp.

A top 5 holding in his small-cap fund with a 9.2% yield. Payout ratio is around 100%, but they had to pay out $8 million due to a lawsuit. That is now over, so the next quarter will be the 1st quarter where you don’t have those embedded costs, which should bring the payout ratio down. You also get a hidden exposure to an improvement in the oil price, because part of their revenue comes from a restaurant chain in Alberta. At the same time there is an underpinning of real estate across the country and a royalty stream on Mr. Lube.


Price:
$2.460
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
Yes
2016-08-30 COMMENT Must be logged in to use chart GRC-X Grenville Strategic Royalty

They reported another crummy quarter last night, and the stock is getting obliterated. When it is down 30% on heavy volume, he thinks it is just somebody saying “get me the heck out”. He owns a small piece, and doesn’t know what to do. They are signalling a dividend cut. Has to think about this one.


Price:
$0.250
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
Yes
2016-08-30 TOP PICK Must be logged in to use chart HOT.UN-T American Hotel Income Properties

Hotels. His small cap fund has a large percentage of dividend paying companies. The great thing with the small-cap spectrum is that, just as you can find unloved or uncovered companies that trade at very low PE relative to their growth rates, you can find companies whose base business allows them to generate enough cash to pay a dividend. Some of the growth is through acquisitions where they bought hotels and refurbished them. A lot of the revenue is guaranteed by rail companies. That has been weak because of a lack of coal demand and frac sand demand. Dividend yield of 7.84% at about a 70% payout ratio.


Price:
$10.900
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
Yes
2016-08-30 SELL Must be logged in to use chart LTS-T Lightstream Resources

He would sell this and take a tax loss, and take your money and put it into almost any other name. This company has no equity value in his opinion.


Price:
$0.115
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
No
2016-08-30 PAST TOP PICK Must be logged in to use chart NBZ-T Northern Blizzard Resources INC

(A Top Pick Aug 25/15. Up 29.76%.) A heavy oil name. They were being painted, almost by a bankruptcy brush, as it fell off, but 80% of their production was protected by hedges. That play has played itself out. He wouldn’t own this today, because as the hedges rolled off they were renewing them at lower oil prices.


Price:
$4.070
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 1,119 entries
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6 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.

3clicks

June 1st 2016 at 9:35am

I like Eric for his overall market commentaries. But gotta be cautious with his picks although BTE was a great advice.


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