RE:RE:RE:RE:RE:RE:Eric Nuttall Says Lower Demand Fears Driving Lower Oil PriceEric doesn't make a lot of mistakes at least with facts and figures. Investing wise he can be prone to the same missed opportunities as anybody else and suffers from a bias that can be dangerous.
So I am wondering why he got the SAGD start-up date wrong. It is pretty common knowledge and CJ has it posted on their investors report that Reford ramps up in 2025 with production starting end of 2025 start of 2026. Maybe Eric knows that even with a small company like CJ, more likely especially with a small company like CJ, SAGD is a game changer.
Once Reford comes online I doubt this stock will ever be this cheap again. Adding a third more lower cost production in 2025/26 will see a shift in this stocks share price and fortunes and I think Eric knows it. He won't pump what he is buying or plans to buy and a year out is not much of a wait especially with a 10-12% yield. Don't be surprised if he changes tack and loads up soon.
GLTA