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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
2014-12-01 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  He was up 47% and now is down 3-4%.  It’s been catastrophic.  He believes the initial weakness when it was at $110 was related to the US dollar trade.  The velocity of the sell off was the highest since 1983.  The financial market for energy is 18 times the physical market so there is a lot of leverage.  We then had to deal with barrels of production going back on line.  Last Thursday was huge in terms of sentiment.  Believes the Saudis are not targeting North American oil production.  In the short term, the sentiment is the worst since the financial crisis.  Oil will have to go down low enough to curtail some production.  The oil industry does not work at $65 oil.  There is one very small play in Canada that generates a rate of return below that figure.  The oil companies are in a new reality of only being able to spend their cash flows as equity and debt markets are essentially closed to them.  We WILL see $80 and $90 oil pricing again.


Price:
$0.020
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
_N/A
2014-12-01 SPECULATIVE BUY Must be logged in to use chart ATH-T Athabaska Oil Sands Corp

The mad money category if you can stand extreme volatility.  They are becoming remarkably interesting to a value investor.  He can see the temptation to get in, but would want a company that is less volatile and has a sustainable dividend.


Price:
$2.540
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Unknown
2014-12-01 TOP PICK Must be logged in to use chart BTE-T Baytex Energy Corp

Higher risk name because of higher leverage.  Their total debt to cash flow is 3 times, but half is long term debt and we could get an oil price recovery in 9 months.  It used to trade at a premium to CPG-T, but no longer.  In the short term he does not see the dividend being cut.


Price:
$22.770
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Yes
2014-12-01 PAST TOP PICK Must be logged in to use chart BXE-T Bellatrix Exploration Ltd.

(Top Pick Nov 04/13, Down 42.68%) Sold last December.  They cut guidance 2 or 3 times since then.  They had severe infrastructure issues.  They will be constrained for a quarter and a half.


Price:
$4.500
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
No
2014-12-01 TOP PICK Must be logged in to use chart CASH CASH

He is at 39% cash in his fund.  He has little confidence in the overall trend of the market.  We are into tax loss selling so there could be volatility and he wants some dry powder.


Price:
$0.010
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Yes
2014-12-01 PARTIAL SELL Must be logged in to use chart CEU-T Canadian Energy Services & Technology

He does not want to own any service stocks at all.  With the oil price and profitability so low production companies will have very little capital to spend on drilling.  Oil services companies get hit first with low oil prices.  The CEO has been selling the last couple of weeks.  The guest owns less of this than he did a week and half ago.


Price:
$6.800
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Yes
2014-12-01 DON'T BUY Must be logged in to use chart CLR-N Continental Resources

This was the poster child for the US growth machine.  But now they are in one of the worst places.  Cut cap X program and will likely have to cut it again.  Prefers Canadian oil stocks.  Thinks there will still be revisions to CLR-N’s cash flow.


Price:
$40.200
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Unknown
2014-12-01 PAST TOP PICK Must be logged in to use chart CPG-T Crescent Point Energy Corp

(Top Pick Nov 04/13, Down 23.98%) You could see the momentum drying up in this stock just before he sold it.  They disenchanted their major US investor.  The average US investor puts 0 value on their dividend.  They have a pretty good hedge position of 33% for 2015, so the dividend is pretty sustainable through 2015.  As the price of oil falls it is getting more and more tempting.


Price:
$28.590
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
No
2014-12-01 DON'T BUY Must be logged in to use chart GXE-T Gear Energy

Owned until $3.50 in his fund.  He prefers stocks that can stand a $70 price environment.  This is not the time to own small cap stocks. 


Price:
$2.800
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Unknown
2014-12-01 HOLD Must be logged in to use chart IKM-X Ikkuma Resources

96% natural gas, but they are drilling today and expect to hit liquids.  He would be disappointed if the first 2-3 wells were dry.  He is holding and giving them the benefit of the doubt.


Price:
$1.270
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Yes
2014-12-01 DON'T BUY Must be logged in to use chart LEG-T Legacy Oil and Gas Inc.

He would not buy it today.  He does not like companies with 3 times debt to cash flow.  You get into a debt spiral.  But he can see the temptation to buy it. 


Price:
$2.630
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Unknown
2014-12-01 SPECULATIVE BUY Must be logged in to use chart LRE-T Long Run Exploration

A parent company of the guest is a very large shareholder.  People are concerned since it is trading at a 19% yield.  They may have to realign their divined and cap X programs.  Prefers others that can profit at $70 oil.  If you think we get a rally in 2015 they may do well from here.


Price:
$1.790
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Yes
2014-12-01 DON'T BUY Must be logged in to use chart LTS-T Lightstream Resources

Unless you are a real bull on the price of oil, they are too cavalier with capital on the balance sheet.  There are multiple other better names.


Price:
$2.370
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
No
2014-12-01 DON'T BUY Must be logged in to use chart PD-T Precision Drilling

The next quarter will be good and you will get a false sense of optimism.  It takes time for this kind of company to lose pricing power.  The erosion in the profitability happens very quickly.  Don’t buy into an attractive Q4 pull back.


Price:
$7.340
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Unknown
2014-12-01 DON'T BUY Must be logged in to use chart PNE-X Pine Cliff Energy

A very well run Nat Gas company that goes after dry natural gas.  He is not bullish on Nat Gas so would not own it.  He doesn’t see much downside.


Price:
$1.730
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Unknown
Showing 1 to 15 of 830 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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