RE:RE:Eric Nuttal said 10% - Vet is beating (616 mil FCF) 28%i have watched Eric "the entertainer" for years, He really is the last man standing and a great cdn champion gor this sector. (i wish they would bring back Josef "bow tie" Schacther as well but i digress)...
A couple of comments:
Luv him or hate him, his appearances always are deemed VERY POPULAR and bring out lots stuff to talk/debate about after
He is a fund manager that people actually pay for his performance - he isn't going to show up and provide his latest action for gratis to you and me on a REAL TIME basis..nothing in life is free.
He doesnt always get the oil demand/supply equations right but he will attempt to explain what the rational was and currently is...
One thing Eric was spot on correct on was generally stay away from nat gas for a number of years-just too much overproduction etc.. He started to modify his position -saying way before this time 2nd half 2024/2025 would be nat gas's time with all this new LNG export capacity coming on line both in the US and here...
As for VET, he has been consistantly negative even thou he always agreed ULTRA CHEAP- major concerns-assets way too spread out. quality of the assets in question ie reserves-even brought up the fact that these new german wells are hugely expensive to drill but they may be limited on how much they can produce. Didn't think that europeon gas prices would keep elevated but if they do , would another round of windfall taxes come into play??.
I didn't totally agree with him so thats why i have taken a decent position, ULTRA CHEAP, great divi, EU prices continue elevated maybe with future riches from new hedging and most importantly their 20% ownership in CEI which is just getting off theground but have assembled a huge Monteny land postion...JURY IS STILL OUT on this one...
Anyways, enjoy the show...later, dwdc