Is Nuttall's fund invested in STEP?In Q4 a large buyer at Peters added millions of shares and it didn't stop until Q1. This buyer owns close to 10% of all outstanding shares, a normal position for Ninepoint. These shares would have probably been the same ones Eric Nuttall owned in 2018 when STEP was a top pick along with Trican. I am not sure if it was Eric as he has not ventured into OFS yet outside of a short entry into Trican last year when he bought Armonyan's positions, but it makes sense he would go back given the distressed valuation with strong fundamentals.
I could see him picking Trican-STEP again together as his fund is so large and he needs torque. If he does disclose his position into STEP, assuming he is involved, the returns are going to be EPIC.
We'll do well regardless but that will be awesome if he's in.