RE:RE:RE:Nuttall inflates his free cashflow metrics for his favoritesMoemoney42 wrote: We don't need $100/brl at all.. $80 - $90 USD would set a fire under all the CDN O&G stocks IMO..
That level of crude prices would be easily absorbed by the economy and would still show negtative year over year inflation in the energy sector.. That's the sweet spot we need to see and these companies will be paying down debt hand over fist..! ;-)
Just listened to Cole Smead on BNN talk about the Canadian energy sector and why he's so positive on it.. good down to earth reality without the pixydust.. gotta say I agree with his theory and I don't want to jinx the day but it looks like (as I've mentioned a while back) the end of the 2nd quarter should provide a turnaround in the O&G sector.. been a few fits and starts but I'm feeling confident about the second half of the year.. GLTA.. ;-)
Thanks. I just went online to watch the same interview.
Gotta love how the host, Amber Kanwar, was rolling her eyes at some of Smead's predictions, but maybe that's purely because she knows her boss, Bloomberg, is passionately anti-oil&gas.
Regardless, gas seems to be catching a bid (see Tourmaline), so maybe some of this sentiment is carrying over into oil.
GLTA