Post by
MyHoneyPot on Apr 24, 2024 11:00am
Eric Nuttall - Take a hike...
I appreciate that WCP does not take their direction from Eric.
I appreciate that they wanted to get their debt to a healthy level.
I appreciate they put a healthy dividend in place, rather put all their capital towards evaporting equity off the balance sheet with share buybacks, that take years to be effective, and does not allow the company to focus capital on their business, and be opportunisitic.
Eric Nuttal nose is out of joint with WCP, and good riddens Eric
PD, which is putting a value on discounted iron.
CPG, that is fully margined with almost 4 billion in debt and is not a safe marginal stock IMHO
BTE, that blew out the balance sheet buying the Eaglesford which is a difficult and complex play because they believe that Ranger OIl did not know what they were doing. That is a stupid statement all on its own.
WCP has a huge montney position, and with more cash there will be more opportunities, and they have not destroyed their balance sheet like most of Erics picks.
CVE is the company that is always two quarters away from meeting their debt target, it two more quarters again according to Eric. I don't believe it any more Eric, you told me once, you told me again 2 months, now your saying it again. I will wait to see it happen.
Eric Nuttal is a high risk, analysis that know how to evaporate capital off balance sheet so his expert trading group can trade around share buybacks.
IMHO
Comment by
meritmat on Apr 24, 2024 12:50pm
Cve is honestly a couple of qt or less away from hitting there debt target
Comment by
MyHoneyPot on Apr 24, 2024 3:05pm
That what Eric said two years ago. IMHO
Comment by
meritmat on Apr 24, 2024 4:10pm
Blame that on a 2 billion dollar tax bill. Cost the president his job
Comment by
Frank007 on Apr 24, 2024 4:33pm
Eric ...is a trader ...so when he Pooh hooos or says sell you buy he is accumulation ...lol ...such is the great con game of the stock market ....
Comment by
Anschutz on Apr 24, 2024 4:58pm
Exactly! If Eric is pumping CPG, you can rest assured he's looking at his exit points. In the meantime he is going to downplay WCP so he can quietly transition proceeds to WCP at the lowest price possible. I use Eric as a contrarian indicator.
Comment by
robert41 on Apr 24, 2024 10:28pm
Eric has 11 million shares of wcp why so critical? Eric's advice has helped make me and loads of others fabulous returns since 2020 I don't get the hate..