RE:RE:RE:Closing Manipulation!NinePoint just updated their end of month holdings and they've increased their position 142% from 6.79% to 9.69% in Nuvista. Eric Nuttal swings all over with getting in and out of names but has been very open about NVA as a multiple as a LONG TERM (12-18 or 18-24+ month) STRATEGY.
@ $50bbl WTI: 17.9% FCF
@ $60bbl WTI: 76.1% FCF
tomorrow's expectation is 8+MMbbl/ draw from inventory, which would be a second consecutive large draw. Nat Gas is leap frogging expectations due to hot weather forecasts lasting 10-15 days taking us near the end of injection phase before fall withdrawl will start up. OPEC+ started increased production Aug1 and market is still holding $40+ .. even a slight 4% increase as of today .. all positive for the sector.
Five vaccines in Phase 3 trials with results expected in earl-mid Q4 and approval by end of year. Covid still front and center but light at the end of the tunnel with slow momentum building. I'm not sure what everyone is expecting from Q2E but realistically any debt paydown is a win. A clear picture of Q3 + Q4 with plans and commodity price estimates is all i'm expecting to solidify the thesis.
GLTA