Post by
filefish on Oct 10, 2020 1:02pm
Nuttall on share buybacks
https://twitter.com/ericnuttall/status/1314606201104105472
Look who's on top of the list.
Comment by
pablo87 on Oct 10, 2020 1:27pm
By far. It's true though - a lot of O&G execs dont invest in their own company, some even sell their vested shares automatically as soon as they get them. David Wilson is an exception.
Comment by
filefish on Oct 10, 2020 5:22pm
Nuttall sent out the same message last year. Wonder if we might see a new strategy to his investing, with KEL making it on his top ten list again.
Comment by
pablo87 on Oct 13, 2020 3:03pm
CNN money says Ninepoint owns 6,000,000 shares as of October 9. 2nd largest mutual fund owner. Correction: just updated, they bought another 444,000 shares. Now 6,444,000.
Comment by
pablo87 on Oct 13, 2020 3:05pm
Sorry its 6,000,000 shares. The value is $6,444,000.
Comment by
filefish on Oct 13, 2020 3:56pm
So, if Ninepoint has now made a new purchase in KEL, then it looks like he is following a new strategy of putting his money where Company management is putting theirs.
Comment by
Chris007 on Oct 16, 2020 3:20pm
I'm pretty sure the data on CNN is old. Looking at the Ninepoint Partners LP Interim Financial Statements June 30, 2020, which you can find on Sedar (posted Aug 31, 2020), it shows Nutalls energy fund holding 6,000,000 shares of Kelt at an average price of $1.97 (Avg cost of 11,823,424/6,000,000 =$1.97/per share), pg. 19
Comment by
Chris007 on Oct 16, 2020 3:36pm
Yup, confirmed, the data on CNN is based on Ninepoints reporting as of June 30. Also checked the positions for MEG, CPG and VII...the # of shares owned all match Its old data...
Comment by
pablo87 on Oct 16, 2020 4:41pm
My bad for not double checking.
Comment by
RiskyAGoGo on Oct 15, 2020 4:03pm
He might be adding to his position today to get ready for tomorrow's pop after he appears on BNN and makes it a top pick? Stay tuned Just my opinion. GLTA
Comment by
filefish on Oct 15, 2020 4:17pm
yes, just what I was thinking. Would not be surprised to see KEL back on Nuttalls top investments list. A really nice turnaround in price today on increasing volume. Peters & Co on the buy side . A strange divergence - price increases on TOG, KEL and WCP and a price drop on MEG and CPG. Has to be Ninepoint transactions .
Comment by
Cnavigator on Oct 16, 2020 11:12am
Nuttall on BNN today. Will be watching to see if he has anything to say about Kelt.
Comment by
pablo87 on Oct 16, 2020 1:51pm
He seems to promote what he already owns, maybe he's not done buying Kelt? #speculating out of you know where