RE:More NuttallI appreciate your posts but Nuttal has been consistently wrong about oil prices for the last 5 years at least. He is an oil Bull and his price forecasts, and thius his evaluation of company share prices, have always been on the really optimistic side. He knows the industry well but he fails to see that the markets don't see investing in Oil companies the same way he does. It also isn't paying the premium on price that he thinks oil and gas should attract. As an investor I care about what ACTUALLY happens, versus the fairly tales of guys like Nuttal.
retiredcf wrote: Massive weekly oil draws could start in May, prospects of US $100 oil or higher likely: Nuttall
Eric Nuttall, partner and senior portfolio Manager at Ninepoint Partners, joins BNN Bloomberg for his energy outlook as supply concerns continue to threaten the market. Nuttall says massive weekly draws, week after week, both in U.S. and globally could begin in May. As a result oil could reach US$100 or higher per barrel.
https://www.bnnbloomberg.ca/video/massive-weekly-oil-draws-could-start-in-may-prospects-of-us-100-oil-or-higher-likely-nuttall~2669849