Post by
Sirlostalot on Sep 16, 2022 12:37pm
Top Pick
Hard to know if he really likes it or in process of dumping it.
Comment by
Hoover69 on Sep 16, 2022 12:48pm
I disagree. it has been a top 10 holding in his fund since late 2020 and if you believe his target price of $12ish, the upside if larger than anything else he has discussed. Time will tell. I am long/overweight TVE/Oil in general.
Comment by
riski on Sep 16, 2022 1:03pm
We can never be completely sure with Eric, but he talked about 44% FCF yield and 200% upside. That would be number one in his portfolio and likely something he is going to hang on to.
Comment by
egee on Sep 16, 2022 1:12pm
Perhaps as he stated, buybacks at depressed prices are good for the company and improves metrics on the balance sheet management gives a hoot about divys, even if there's a rescession, oil stays high=big profit=more shares get bought back . that's my take on Nuttal for this 2022/2023 time will tell (exclusive of a black swan)
Comment by
SeargentPepper on Sep 16, 2022 1:52pm
Yes, the new TVE is quite a bet on no black swans in the next couple of years. With decent oil prices, I agree it should pay off quite well. I'm not in any hurry to cash this in.