IT HAPPENED !!
Eric Nuttal has jumped on the band wagon, supports the Riddells 45% ownership position, and bought a full position in Paramount Resources, now he has made it a top pick of Nine Points Energy Partners.
Eric reccoments that POU be a long term hold in your porfolio, and that it is the cheapest energy stock in North America.
The balalnce sheet of POU is bursting with shareholder value and with zero debt, they have the capital to fund what ever they need to.
Clear Water 100% company:
- They have the Land
- They have already drilled a few wells
- They likely are working on an development plan (Phase 1)
- They have the capital on the balance sheet to make it public.
Therma Oil
- They have the Land
- They have already drilled a few wells
- They likely are working on an development plan (Phase 1)
- They have the capital on the balance sheet to make it public
Liard
- They have the best acerage
- They have about 20 wells already drilled
- They have a number of DUCS completed
- They have the knowledge of years and millions of dollars of investment
- Liad represent on of the 10 top gas basins in the world.
- They have a world leading LNG partner woodside energy as a 50% partner in the play
The list go on, but Cavalier land is likely holding some of the unfound treasure of the Canadians energy industry.
It good to have Eric Nuttal aboard, and it is simply going to blow his mind what goes on behind the scences at POU, and my guess he want to get an invite to a faimly gathering so he can rub shoulders with Mike Rose, and try his hand at charming Sue Riddell Rose.
Eric has made the big times, and i think it is a win win situation.
IMHO