MEG Energy Corp T.MEG

MEG - #1 Top Pick on BNN Market Call - Eric Nuttall

[newcoin]

https://www.bnnbloomberg.ca/market-call/eric-nuttall-s-top-picks~2548501

[cashtango00]

Nuttall still using 100wti on all his valuation models......not only is WTI nowhere near 100, but many CDN oils are being hurt by the WCS/WTI spread blowout that he doesn't talk about and doesn't model.  Nuttall is a pumping clown

[jleer42]

He is basing it on the 2023 average price. He addressed both this (100-120 2023 range) and the WCS/WTI spread narrowing in a couple of months. He may not be correct, but if you are going to bash at least try to get the facts correct.

[cashtango00]

My facts are a lot more accurate then nuttalls fantasy land.  Go back 6-9 months and listen to his forecast for energy price deck and wcs spread.  Ridiculous.  Now his Wcs spread is 10 for 2023.  If you think that is a realistic number, you clearly out of touch with the industry.  He is either a terrible forecaster, or a massive pump artist. My guess is the later. 

[Olliethegoalie]

You should be on TV.

[churchofnutsacc]

He, like all of us, underestimated the impact that SPR dumping would have on WCS. The differntials, in theory, should tighten as the SPR dumping ends at some point. Though my view on it is that they will keep dumping next year but we will have to wait and see. Either way, oil and WCS is a beach ball under water. In my opinion he is overly optimistic about the price of WTI next year but would love

[cashtango00]

Here's the thing.  Eric is a promoter, it's his job to be a perma bull.  If you can recognize that and take what he says with a grain of salt, great.  Keep in mind, he's not an analyst, he's a salesman.  He is not generating the research he presents, he buys it and he presents it in a format to make it more digestible to the average retail investor.  I do

[45yessss]

I agree with some of what you say but --about 5 years ago he was on Market Cal and admitted there was not 1 Can. oil he would buy given the present conditions--he picked a couple of US large caps and a Permin play.  I really don't care that he doesn't do his own research. He has had MEG as his top pick or one of them in almost every appearance over the last year so I'm in big time

[mofwmofw]

Cashtango00 Thankyou for mentioning Mike Rothman. You're not kidding about that guy. He really knows his stuff. Not taking anything away from Eric , but this guy breaks it down into molecules compared to Eric who only pretty much pumps. Eric knows his financial implications real well, but this fellow puts him to shame when it pertains to fundamentals GLTA

[Moemoney42]

Lets not forget Eric is a trader in one sector so he has to buy and sell positions to generate alpha.. nothing wrong with that.. for those who don't consider his choices valid  you can always use his calls as a contrarian indicator if you so choose.. either way he does speak well of the "industry" in general, and that's what we don't hear enough of IMO

[Asphalt20]

Some of you say that Eric Nuttall is just a “sales person” for the oil sector. That may or may not be true, but it’s difficult to argue with his recent success over the past year or so, his past picks are constantly up by over 50%, and many of the company’s in the sector are paying off huge amounts of debts and suddenly having massive amounts of FCF because of the increase in the price of oil