Post by
Rolex888 on Nov 09, 2024 1:11pm
Nine point sold 1.7 million shares in October
I m wondering if it is safe to follow NUTALLs
recommended picks. By selling 1.7 million
shares he nullified half of the buybacks in
October. Also, he would be taking a loss at these
levels. It could be tax loss selling but still
You don't see BUFFETT selling any OXY.
BIFFETT stays committed to his investment.
Maybe the environment for oil isn't as good
as he keeps saying on X.
Comment by
Frank007 on Nov 09, 2024 1:39pm
Eric Nuttal ...is a trader ....like with me read between his lines ...if he can pick up $.30 cents on a trade like that it $500,000 in a day of profit ....not bad ...!
Comment by
ManitobaCanuck on Nov 09, 2024 4:29pm
Good for Buybacks . 0.5% of float being bought on avg every month . Can buy 10-12 million shares on Nov and Dec if oil prices stay above 69
Comment by
HeavyBanana on Nov 09, 2024 2:08pm
Ninepoint sold off their entire CVE holdings in the same period along with adjustments in numerous other energy names. It's called balancing and rebalancing of a portfolio. The Baytex disposition was not significant, certainly not a Cenovus moment.
Comment by
Rolex888 on Nov 09, 2024 3:58pm
I didn't know a about the CVE dump. I guess thats the way he invests. Seems impatient to me. Interesting to see if he dumps more in November.
Comment by
ztransforms173 on Nov 09, 2024 4:26pm
- EN NPEF ONLY SOLD 1/3 of his POSITION in Cenovus Energy from September 30, 2024 to October 31, 2024 - he moved to 15+% CASH from the SEPTEMBER period to the OCTOBER period z173
Comment by
HeavyBanana on Nov 09, 2024 4:37pm
My bad. Misinterpreted the Fintel chart.