RE:Eric Nuttall words for today...he's very positive, oil demand increasing regardless of reccession fears, says he's shocked at the drawdown in stock prices but buying bte only buy he talked of as well as cpg being cheap. he said even hios own clients he has to reassure that even with crude at 70, bte and others throwing off 20+% free cash, 40% currently
now, is he biased, of course he is, does he understand energy demand and how the rest of the market and economic action is going to affect money flows - probably, yes but that bias may tilt him obviously in the bull direction, he admitted he was shocked that he had to hand hold clients telling them that 40% free cash should not be sold but bought,,,,
so we will see... added more bte and nrgi today