Nuttall Market CallThe most mispriced energy stock he can find.
@ $80 oil 2.4xCF, FCF yield 24%, 21 years drilling inventory.
Only knock is they are having some issues with a First Nations. CEO is type of person you want steering the ship. Holds personally as do memebers of his household.
Using a 5x multiple he gets $27 shareprice @ $80 WTI, $100 WTI potentially 150% upside.
Will be in a net cash position in approx 1 year. Committing 80% of FCF to buybacks. Is perplexed is to why trading where it is, must be a whale of a seller, selling pressure may be close to done. Once complete expecting a material uplift.
Trading at a broken valuation, and this is not a broken company.
GLTA