RE:Eric Nuttall's picksSimilar to other fund companies, Ninepoint won't or typically doesn't reveal what they are buying until it's been bought. Eric has an active twitter account, on which he shares plenty of evidence to support his thesis on oil, and strategies on how to execute for best results. His playbook currently is buy unhedeged CDN producers with long dated inventories.
It's important to do your own research and know the company you are buying.
Here's the thing about stock tips: someone might recommend a stock to you, then change their mind and sell. They have no responsibility to reach out to you and update you. Unless, you are a guest on a show like Market Call. At the end of every show they review their last top pick recommendation. Edwin Lefeve covers this topic very well in the investing classic Reminicenses of a Stock Operator.
Case in point: Ninepoint and Parex. Parex is a good company, makes money, but has a fair amount of political risk. Ultimately the arguement against owning PXT is you can own other companies with the same reward profile with much less risk. Eric recommended PXT a year ago, and recently said he sold PXT his about 10-11 months ago, shortly after being on the show. He called it a value trap.
If Eric was stricly pumping he would have been run out of town years ago. He has been a long time fund manager and I know of a few people who own his fund. That being siad, Eric is going to act in the best interest of Eric and Ninepoint.
https://www.ninepoint.com/funds/ninepoint-energy-fund/
I have found success following his strategy, as opposed to just blindly buying what he recommends. That being said I carefully watch is funds top 10 holdings.
BIG CAVEAT: All boats rise with the tide. It appears the oil markets will remain tight for the next 3-5 years, meaning $100+ oil. Most oil companies no matter of how 'good' they are will be profitable and have their share price rise, until the price of oil declines.
Tech was the place to be in the last decade, for the next 3-5 years it will be energy. You will know the sector is maturing when mergers and aquisitions start heating up. By my estimates that should be 2023, when companies are debt free and have cash and financial leverage.