Post by
ROIcrusader on Jan 28, 2022 3:22pm
Nuttall Market Call
The most mispriced energy stock he can find.
@ $80 oil 2.4xCF, FCF yield 24%, 21 years drilling inventory.
Only knock is they are having some issues with a First Nations. CEO is type of person you want steering the ship. Holds personally as do memebers of his household.
Using a 5x multiple he gets $27 shareprice @ $80 WTI, $100 WTI potentially 150% upside.
Will be in a net cash position in approx 1 year. Committing 80% of FCF to buybacks. Is perplexed is to why trading where it is, must be a whale of a seller, selling pressure may be close to done. Once complete expecting a material uplift.
Trading at a broken valuation, and this is not a broken company.
GLTA
Comment by
barneyj44 on Jan 28, 2022 3:31pm
The issue with the First Nations should be resolved. The new elected Chief has her own drilling company. Lol
Comment by
Beakr123 on Jan 28, 2022 3:35pm
I love the poor reporting on this. The new Chief doesnt own a drilling company, she and her husband own a heavy construction and oilfield service company called Top Notch Oilfield. A company PERFECT to hire to clean up abandoned leases and build new ones. I think its safe to say she's pro energy assuming Blueberry gets their kick backs.
Comment by
barneyj44 on Jan 28, 2022 4:32pm
Beakr123 thanks for the clarification.
Comment by
topdown99 on Jan 28, 2022 4:46pm
Ok beakr , I think its still positive though
Comment by
alvarez2 on Jan 28, 2022 4:49pm
You mean schleprock ? Lol
Comment by
Beakr123 on Jan 28, 2022 5:08pm
Agreed definitely positive. Here is their company website detailing their services: Top Notch Oilfield
Comment by
topdown99 on Jan 28, 2022 5:13pm
Thanks Beakr , looking forward to those year end numbers , should be rocket fuel .
Comment by
sirmevl on Jan 28, 2022 7:25pm
Lol top notch used to be a major vendor with 7g. If she was a Eng she would be fired for even thinking about this move. So funny how politics work .