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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
2015-06-08 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Typically the summer is not the most euphoric time.  He is 70% cash about a month ago.  He is slowly deploying cash, being patient over the next couple of months.  He tries to find a stock that is mispriced for whatever reason.  He took profits as we headed into the most recent run on energy.  We went from way to pessimistic to way to euphoric and now there are a few new headwinds we have to deal with.  He deals with single stock opportunities.  You should be heavy in cash and be ready for table banging opportunities and then if you are wrong take your loss quickly. 


Price:
$0.020
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
_N/A
2015-06-08 BUY Must be logged in to use chart AC-T Air Canada (B)

He really likes it.  It is a huge win for his small cap fund.  Every flight is full.  Their load factor is really good.  They are stealing business away from West Jet.  Every dollar in this business is highly accretive.  There is perception that they have high debt and pension issues, but these issues have been fixed.  PE is 4 and revenue is up.  It looks really cheap.  It is very underowned in most small cap funds.


Price:
$14.060
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Yes
2015-06-08 HOLD Must be logged in to use chart BNP-T Bonavista Energy Corp

It has been a tough hold.  He wants to revisit the name.  It trades at a discount to peers.  It struggled.


Price:
$6.930
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2015-06-08 WEAK BUY Must be logged in to use chart CPG-T Crescent Point Energy Corp

Raised $600 Million a week or two ago to fund an acquisition, which he likes.  He likes CPG-T.  If we get to $60 oil it could be a $30-$32 stock.  People don’t like the sustainability of the dividend.  They were at 135% payout, but after this acquisition it lowers the payout by about 10 points.  Their dividend should be seen as more sustainable.  He doesn’t see the dividend being cut. 


Price:
$26.490
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2015-06-08 SELL Must be logged in to use chart CQE-T Cequence Energy Ltd.

A good tax loss candidate unless you are a raging bull on oil.  There is no compelling reason.  He doesn’t see it gaining traction. They can’t grow at a depressed natural gas price, like some others.


Price:
$0.810
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2015-06-08 DON'T BUY Must be logged in to use chart DDD-N 3D Systems

Decided to break up during a bear market.  He bought GXO-T 2 weeks ago.  It had a good rally and he does not see a compelling case.  If BXO-T dropped he would buy it at around $5.  He did not agree with breaking it up in a market when people want a bigger company.


Price:
$21.530
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2015-06-08 PAST TOP PICK Must be logged in to use chart ECA-T Encana Corp

(Top Pick June 9/14, Down 40.77%) Some picks are for a shorter term.  This was a tactical trade based on a new CEO.  He sold at a profit.  Most of these are sells.  The challenge still is debt, however.  They did two asset purchases at the top of the market. 


Price:
$14.700
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
No
2015-06-08 WAIT Must be logged in to use chart EH-T easyhome

It is a large holding for him.  One of the few that has not gone up this year.  It is an incredibly profitable business model.  They make $0.20 for every dollar they earn, after tax.  They became a bit more stringent in their lending recently.  They are no longer further extend credit to customers longer than 90 days and this will have a one to two quarter hit to loan losses.  There is some regulatory risk and an IPO that will be a competitor.  Wait a quarter or two before getting in.


Price:
$18.850
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Yes
2015-06-08 TOP PICK Must be logged in to use chart GRC-X Grenville Strategic Royalty

It is a baby royalty company.   They are at a critical mass where they diversified the loans.  5.7% yield.  Thinks they can increase the dividend this year or next and then keep doing so every couple of years.  They are everywhere.


Price:
$0.890
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2015-06-08 DON'T BUY Must be logged in to use chart IKM-X Ikkuma Resources

Micro cap dry gas producer.  It is about 3 times PE.  The stock is pretty much dead money for now.  You need a pickup in energy prices.    In this market today this name would not massively outperform.


Price:
$0.750
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2015-06-08 WATCH Must be logged in to use chart INP-X Input Capital Corp

He would like to see a quarter or two of no collections issues.  Momentum has been taken out a little a bit.  He also believes they could grow their earnings 30%.  They had loans to 55 farmers and 2 of the farmers defaulted. 


Price:
$3.040
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2015-06-08 DON'T BUY Must be logged in to use chart LRE-T Long Run Exploration

Got themselves into a pickle in terms of debt heading into a collapse of crude price.  Debt to cash flow is 4.6 times so they are getting up there.  Has not owned it in 2 years.  If you believe in $70 oil this name could double, but at $65, no.  They could potentially sell some assets.


Price:
$0.720
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
No
2015-06-08 SELL Must be logged in to use chart MEI-X Manitok Energy

It is the epitome of what people don’t want to own today.  It has balance sheet issues, okay drilling results, but it is undercapitalized and the management team lost traction with the street.


Price:
$0.780
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2015-06-08 DON'T BUY Must be logged in to use chart PHM-X Patient Home Monitoring

He finds the valuation a little mind numbing.  PE of 18 times.  It is one of the few roll up strategies where they also have organic growth.  The valuation is extremely high and could be susceptible to correction.  It would appeal to him around $1.


Price:
$1.500
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
No
2015-06-08 WATCH Must be logged in to use chart PPY-T Painted Pony Petroleum

He likes the company.  The stock is more expensive relative to others.  Between now and 2016 you are left to the sentiment about Nat Gas and LNG.  He sees significant headwinds.  He does not know if first nations will buy into their project so it can go ahead.  He would start picking away on a 10% pull back.  Hold if you have it.


Price:
$7.590
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
Showing 1 to 15 of 897 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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