RE:RE:RE:RE:MEG - #1 Top Pick on BNN Market Call - Eric Nuttallcashtango00 wrote: My facts are a lot more accurate then nuttalls fantasy land. Go back 6-9 months and listen to his forecast for energy price deck and wcs spread. Ridiculous. Now his Wcs spread is 10 for 2023. If you think that is a realistic number, you clearly out of touch with the industry. He is either a terrible forecaster, or a massive pump artist. My guess is the later.
He, like all of us, underestimated the impact that SPR dumping would have on WCS. The differntials, in theory, should tighten as the SPR dumping ends at some point. Though my view on it is that they will keep dumping next year but we will have to wait and see. Either way, oil and WCS is a beach ball under water.
In my opinion he is overly optimistic about the price of WTI next year but would love to be wrong on that.
As long as Meg can keep deleveraging and buying back a few shares here and there during an economic downturn, we are good to go.