RE:RE:RE:RE:RE:MEG - #1 Top Pick on BNN Market Call - Eric NuttallHere's the thing. Eric is a promoter, it's his job to be a perma bull. If you can recognize that and take what he says with a grain of salt, great. Keep in mind, he's not an analyst, he's a salesman. He is not generating the research he presents, he buys it and he presents it in a format to make it more digestible to the average retail investor. I do give him credit, he does do a good job of educating the average joe about the reality of the energy dislocation and turns them onto the extreme value that is currently available to buy into. I just don't like his hype and ridiculous targets based on overly aggressive models. People love him because they have CONFIRMATION BIAS, in that they seek out data that confirms their existing opinions/positions and tend to ignore anything that counters that info. They also love to imagine the millions they will get from his aggressive price targets.
He buys his macro info from Cornerstone Analytics and Energy Aspects. The latter I find overly optimistic as well, but Cornerstone is fantastic and completely unbiased. Mike Rothman at Cornerstone is the gold standard in the macro energy space. Although his research is very expensive and not really available to retail investors, you can find numerous podcasts on Youtube for free as he does long interviews once every month or so with different sources. The best time you can spend for energy research without the nonsense.