hey Nutall, what about TCW? Trican Well dropped off of Nutall's map somehow. I didn't see the show but got the top picks/past picks via BNN email.
Market Call Tonight:
Eric Nuttall, Portfolio Manager, Sprott Asset Management
FOCUS: Oil & Gas Stocks
Market Outlook: The oil market remains tight with OPEC spare capacity under 2MM Bbl/d and demand growing by at least 1MM Bbl/d. Natural gas in the short-term looks bleak, with a better time to buy later in the year.
TOP PICKS:
- TriOil Resources (TOL TSX-V) Last purchased today at $3.70, average cost is $2.62.
A 70 percent oil weighted producer with production growing at 100 percent per year and it trades at a significant discount on both cashflow and resource upside; $6.70/share potential
- Renegade Petroleum (RPL TSX-V) Last purchased on Friday at $3.95, avg cost is $3.69.
Significant exposure to some of the most economic oil plays in the country at a discount; $6.87/share potential.
- Legacy Oil + Gas (LEG TSX) Last purchased March 8th at $10.80, avg cost is $11.44.
Trading at only a slight premium to net asset value and an inline cashflow multiple despite 100 percent upside from risked resource upside, solid management, and the potential to pay a healthy dividend in 2013.
Past picks: either lucked out on the ORN spinout, or was unlucky with his other two top picks, but I'm afraid these wild swings look to me like speculation, not investing. Interesting how he ignores the top past picks like DEE as if that never happened. I guess when you're spending money that other people made its easier.