Enerplus Corp T.ERF

Nuttall bnn tomorrow

[Gassy166]

Should get a pump tomorrow as erf is ninepoints biggest holding!

[therealDonald]

https://www.ninepoint.com/commentary/commentaries/2021/012021/energy-fund-market-view-feb-05/

[AliNaimi]

Yeah Nuttal talks book regardless of the oil narrative. Spoke of $60 oil and FCF yet then choses stocks that are 40%+ NG like ERF with 66% of production hedged or capped at $54. He more or less admitted those names with leveraged to oil @$60 would be heavy oil plays like Cardinal which he wants to buy but can't find an institutional trade(cross) to get a substantial position. He is overweight

[therealDonald]

Erf is hedged nicely for their guidance production/cf but the economics in completing the ducs and further drilling are there at prices above 60$. This turns into an oil growth story at higher prices. All unhedged upside. You can say the same about cpg/wcp/cj etc but they are significantly more expensive today compared to Erf on a cash flow basis. The Canadian dollar strength doesn't help

[AliNaimi]

The point was not that ERF wouldnt do well at $60+ oil (it will) but that oilier names, especially those with medium to heavy oil have more torque to higher oil prices. Nuttal know this and is doing another trade to get into HO names like CJ & GXE. His high turnover fund moves in/out of names so quickly that BNN should provide more discolosure to its viewers. WCP & CPG have been core

[therealDonald]

  Going seriously down market into the retail heavy oil small caps is risky considering the differential and the constant cloud of high ARO hanging over their heads.  ERF has a history of oil exposure, risk mitigation through hedges, and returning capital back through dividends. This is where big money likes to flow into and given the Bruin add, this company has never been in better

[AliNaimi]

Exactly as predicted Nuttal was talking mid-large cap names as picks in Feb but was secretly on a mission to buy stock in Cardinal(CJ) and Gear (GXE) selling his large caps for liquidity. Problem was he just could not find stock available in the small cap heavy oil names and did not want to speak about either until a liquidity even occured whereby he could announce a sizeable position. This has

[IanBarter]

I am working late today  I asked one of my staff to fing out the fees of  Nuttall firm.     Wow!   you canucks pay better than here in the states,'  His annual fees are well  , a lot.  And his returns are not always good.         Enerplus is not for retail investors   so even if the fees  eats most of

[IanBarter]

$15000  c.a.d.     annually          He better be good.   /  But he knows ERF stocks need be managed by professionnal and their market maker was rated amongs the worst for retail investors            Ian Barter