Veren Inc T.VRN

Eric Nuttall

[retiredcf]

We're not as bullish on oil as we were six months ago, says Eric Nuttall 

OPEC+ has cut, and oil will stick between $80-90/bbl next year. s Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, joins BNN Bloomberg to discusss.

https://www.bnnbloomberg.ca/video/we-re-not-as-bullish-on-oil-as-we-were-six-months-ago-says-eric-nuttall~2818668

[bonjovi501]

Eric is never correct on his oil prices and always wrong on inventories. One day he will be right but when? Meanwhile Eric is buying drillers who he always hated.

[ztransforms173]

- BUYING 10% S/O of PD (say 1,360,000 @ $ 82.00) was a GOOD MOVE if DRILLING HOLDS UP in 2024 - there is LARGE service contract INFLATION and SHORTAGE of SKILLED PEOPLE which means PRICING POWER  is in the HANDS of the DRILLERS - they also LOWERED DEBT z173

[ztransforms173]

- BELIEVE IT ! - from my previous GFR post: *** ztransforms173 - (11/15/2023 11:00:06 AM)   VERY NICE: FIRM TALE-OR-PAY Two Year SAGD DRILLING CONTRACT   - as far as I KNOW, they are the ONLY SAGD operator who has DONE THIS * MEG CEO Derek Evans COMPLAINS about the LACK OF SKILLED PERSONNEL and SERVICE CONTRACT INFLATIONARY PRESSURE but has