Whitecap Resources Inc T.WCP

Eric Nuttall

[retiredcf]

He also turned FEAR into an acronym (False Evidence that Appears Real). GLTA

'We've had a panic-induced selloff, but nothing has changed' in energy stocks: Nuttall

Energy stocks have diverged from the underlying commodities, as investors mull concerns over a potential recession. For more on this and why he thinks it was a panic-induced sell-off despite no fundamental changes to the energy landscape, BNN Bloomberg spoke with Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners.

https://www.bnnbloomberg.ca/video/we-ve-had-a-panic-induced-selloff-but-nothing-has-changed-in-energy-stocks-nuttall~2472295

[Exgeac]

Thank you for  your link to Nuttall's Rant Markets are forward thinking and certainly not stupid ,  if had any substance in what he was saying , Energy Stocks  would be RED HOT all quarter and well into the end of the year. Someone should call him out on his Energy Rant..   I hope next week will be better week ..   more legs up !!

[pinecone11]

>Markets are forward thinking and certainly not stupid< Certainly NOT stupid That's why buyers paid ridiculous prices for worthless internet stocks and followed that up a few years later by loading up on worthless subprime mortgages. I'd sure like to know where I can invest in a truckload of tulip bulbs.

[churchofnutsacc]

The market is not as all knowing as you like to think it is. If it were, the market never would have priced Whitecap at $1 just two years ago. In my view, the market had no idea how to price energy stocks then, and they have no how to price energy stocks now. The energy markets did not untighten itself in two weeks. If money managers and HFT algos want to sell their flowers to water their weeds,

[barneyj44]

Well said Churchof. Love your analogy...

[Davesnothere]

Eric Nuttall recently implied that Big dividend increases and Big buybacks will be the catalyst for higher share prices. Not the price of WTI or gas at the pump, not OPEC exhaustion, not Ukraine, etc. That seems to answer the questions of why are we trading for so little? How long will the market pretend to not see the spectacular increase in revenues and FCF. Plus it gives us a date to look

[pinecone11]

Davesnothere wrote: Eric Nuttall recently implied that Big dividend increases and Big buybacks will be the catalyst for higher share prices. Not the price of WTI or gas at the pump, not OPEC exhaustion, not Ukraine, etc. Are you saying that Eric has stopped preaching that $180 PER BARREL IS INEVITABLE 

[Davesnothere]

Who knows when ? Like maybe today. LOL pierrelebel, your patience has been rewarded. Mine too ! Very very long WCP...

[Davesnothere]

Exxon Mobil (NYSE:XOM) and Imperial Oil (NYSE:IMO) said on Tuesday they agreed to sell jointly owned XTO Energy Canada to Whitecap Resources (OTCPK:SPGYF) for C$1.9B (~US$1.48B). The assets include 567K net acres in the Montney shale, 72K net acres in the Duvernay shale and additional acreage in other areas of Alberta. Net production from the assets is 140M cf/day of natural gas