Post by
Cheadle12 on Feb 09, 2021 8:18pm
Eric Nuttall Trashed Kelt today..
Basically no catalysts, sold their best asset off at the low of the market.. etc etc etc etc.
Do I agree?
No.
Kelt is debt free and has excellent assets. But I do think they need to acquire soon as all the other high quality assets/names have run up, so nothing is as cheap any more.. can't sit on their hands.
Comment by
OGGambler on Feb 10, 2021 2:05am
Actually, Nuttall suggested the caller sell Kelt and buy 3 stocks instead - Tamarack, Seven Generations and Enerplus - or his fund. He explained they probably could have gotten more for their best asset Inga/Fireweed as they sold at the bottom of the cycle plus they're not drilling until Q3 thus his view that there's not much upside compared to other names.
Comment by
arizonabound on Feb 10, 2021 2:11am
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Comment by
arizonabound on Feb 10, 2021 2:18am
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Comment by
OGGambler on Feb 10, 2021 3:01am
I was reporting what he said. I find he has good insights at times, other times it's just consensus. He does change horses midstream too often, which he admits. PD for example.
Comment by
geologist77 on Feb 10, 2021 9:20am
Dont confuse nuttall with a analyst. A fund manager puts his money where his mouth is. An analyst is a wet behind the ears finance grad that has no skin in the game. He is generally successful because he knows the business, is nimble and, like you said, switches horses.
Comment by
testomax on Feb 10, 2021 10:26am
Total bait and switch commentary....quite blatent at times
Comment by
geologist77 on Feb 10, 2021 10:56am
Of course he advises after after he makes his moves. And why he made them. You think he is a charity? We knew he sold kelt the day they sold inja. He told us he liked tve and erf for the last 6-8 months. Because your holdings aren't performing can hardly be blamed on a claimed bait and switch by a fund manager. We're in a bull market finally. Be happy. Wish I had bought Crew.
Comment by
testomax on Feb 10, 2021 1:05pm
Nothing to do with holdings not performing bud...I bought kel at 1.85...I am totally long and holding. you are misunderstanding my comment. chill
Comment by
OGGambler on Feb 10, 2021 9:57am
I like the company. Frustrated that its so seriously lagging its peers. Wrong time to be selling of course. Hopefully some good news on the reserves front on the 25th - walk lightly and carry a big stick?