RE:RE:RE:RE:RE:RE:RE:National Bank PT Upgrade to $6.50Jeff Tonken was on BNN back in Oct 2019 when the BIR share price was just around $2 - he referred to the stock as being murdered.
In June 2020 he's back on BNN announces that the stock is trading just over $4 - which some have reffered to as the first inning. Some may think this is a stock price recovery but its not...it is just the beginning - shale oil is not going to come back online very quickly and if they try OPEC+ will put them back in the place. In Jeff's interview last year - he referred to the oil price crash as a short term situation - he was right.
Canada needs OPEC to control the markets and I believe they will. No one wants another price war - everyone will play nice and everyone will make money. M&A will continue, prices will stay firm, companies will pay down debt, redeem preferred shares, LNG Canada will come online etc.
In his interview right after the Texas deep freeze he spoke of dividends. I believe the high dividend and low debt set up will support/grow the share price over the next few years.
The future is bright.