Post by
Realdude on Jan 16, 2024 2:29pm
Game Over
Canadian oil and gas is finished. And I believe I know where the blame lies. Canadian oil and gas CEO'S are squarely to blame for they have maximized output at the cost of increasing share base at crappy valuations. It's a trifecta of incompetence that continues unabated, including the guy at Baytex and especially whitecap. Stop buying back your crappy shares amd pay back debt asap. Also start consolidating in strategic mergers, not acquisitions. The bigger, leaner, and relatively debt free companies will strive, the rest will implode. A lot people don't like Eric nuttal but if CEO'S had listened to his message of giving back to shareholders a meaner and leaner company these oil and gas companies would rocking right now. What a shame.
Comment by
barneyj44 on Jan 16, 2024 4:22pm
Eric was fine with the Baytex and Crescent Point acquisitions, he keeps making them top picks..
Comment by
cashtango00 on Jan 16, 2024 5:17pm
Eric Nuttall's portfolio is in ruins. Basically every pick he's yapped about has been flushed down the toilet except for MEG. Even CVE has turned out to be a disaster and that was his top integrated pick. Everything that guy touches blows up. BTE and TVE more than anything.
Comment by
CJInvestor on Jan 16, 2024 7:22pm
His ATH is doing fabulously. Top oil stock in Canada two years in a row so he has a lot of credibility. Basically rode it from 18 cents to now. Made me a wealthy man so I thank him profusely.
Comment by
robert41 on Jan 16, 2024 8:25pm
How about those 48 million shares of Ath seems like he crushed that... tve and bte definitely been his losers. All though I don't beleive he is under water on them yet.