Top Pick DetailsLast stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/greg-newman-s-top-picks~2286416
TOP PICK
Tourmaline Oil Corp(TOU-T)
21/09/2021
Natural gas is finally looking good. Fabulous balance sheet. Top-tier operator and capital allocator. Significant free cashflow, which can make its way to shareholders. Not expensive. Relatively unhedged. He sees 27% production growth and 66% cashflow per share growth. Score some nice points for the next 12-24 months. Yield is 1.66%. (Analysts’ price target is $49.05)
OIL / GAS
Greg Newman
$39.920
Owned
COMMENT
Energy stocks.(A Commentary)
21/09/2021
Energy stocks. Not overweighting them. It will take 30-40 years to wind down. Manipulated globally with Saudis and Russia. The supply/demand picture looks good right now for nat gas. He favours companies that tilt toward nat gas and they're still very cheap, underappreciated, and underowned. Some of the oil companies fit that description too, though he's a little less certain about the price of crude. Oil seems to have found its footing around $60-80, and there are some good names in oil land as well.
Greg Newman