RE:RE:Eric NUTTALL SOLD CVE But KEPT MEG !!!I was a bit surprised as well, but as he explains it, he sees the largest opportunities in oily small caps. He's not into large caps at all. He did mention several times that Cenovus is his top large cap compared to SU & CNQ. It's still trading at a cheaper multiple than it's competitors. He sees a 70% upside to Cenovus (sp $50+). His portfolio picks all have 100%+ upside based on his models.
In my opinion, that is conservative and I personally see 100% - 150% upside in the next 12-24 months for Cenovus, but 70% is not bad at all. I also agree with his $150+ oil prediction.