Cardinal Energy Ltd (Alberta) T.CJ

Eric Nuttall Says Lower Demand Fears Driving Lower Oil Price

[Quintessential1]

Watch EN give concise explanations of why oil prices are languishing sans political bogeymen.

https://www.bnnbloomberg.ca/video/shows/market-call/2024/09/13/eric-nuttalls-market-outlook-energy-stocks/

Ever the perma-bull, EN believes oil should be trading in the $80 WTI range but never blames the Biden administration and in fact,  never brings up US politics or political bias to try to rationalize oil pricing ever.

HUH..LOL

GLTA

[VeritasVern]

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[Pandora]

I believe Eric Nuttall also said the CJ dividend is not safe and he would not be an owner of CJ. That's from memory - so I stand to be corrected on that.

[Quintessential1]

No you're correct but he isn't.   He has always stated that CJ is too small for him and his fund to own. He states that the SAGD project doesn't come online until 2027 which is wrong. Reford actually ramps up in 2025 and is producing in 2026. The second phase Kelfield ramps up in 2026 and produces in 2027. Reford's added production should go a long way towards paying

[lnggasfor202324]

Eric Nuttal is a liar.  If CJ is too small for him to invest in why in the hell did he have a big position in SGY?  SGY's market cap is quite a bit lower then CJ'S.  If you can't think fo yourself you should invest in GIC'S.  He was pumping BTE and look at the ride down they had as well as TVE.  He likes to talk about the companies he owns on BNN so he can

[Quintessential1]

Somebody needs a hug.  LOL GLTA

[Allinontheturn1]

Yes Nuttall did own CJ and he pumped it up big when he owned it and bought up Murray Edward's owes it a lot  as soon as he dumped it he then starts saying it's a bad  company and never mentions Murray  Edwards & CJ only with CNQ ??  He only Pumps what's in his fund don't be fooled by his BS !

[Quintessential1]

Eric 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