BNN Top PickEric Nuttall, Portfolio Manager, Sprott Asset Management
Link: https://watch.bnn.ca/#clip1073409
Set to acquire Renegade (RPL-X). The vote is the end of March and once that occurs, he thinks there will be an uplift in the share price. Spartan’s management team are proven money-makers. Their core expertise is in Southeast Saskatchewan. That is where all the Renegade’s assets are. There was a taint on Renegade because the stock did so poorly and people thought their assets were of poor quality. That is not the case. He thinks they are going to grow production by 25% this year and believes they can grow up to 45% next year, which is higher than what consensus is right now. He can see the stock trading at $3.50. Feels the risk is very low.