Whitecap Resources Inc T.WCP

Oil selloff gift to investors: Eric Nuttall

[Betteryear2]

Eric Nuttall, Senior Portfolio Manager at Ninepoint Partners, talks with Financial Post’s Larysa Harapyn about how the oil sell off is a gift to investors.

youtube.com/watch?v=G9Q0Me

[Citizen13]

Yeah the gifts just keep giving. He's made the same speech 100 times since 2015 . I'd like less gifts and more money please . And can that Larysa be any less energetic and interesting to listen to ? . Brutal.  Smile once in a while toots. I guess anyone  can host a show these days with a computer and Zoom. 

[stocktalk]

Nuttall dump all his wcp a while back.

[pierrelebel]

"dump" may be the wrong word.  He sold at a huge profit. His well publicized preference is for oil producers to pay down their debt and boost dividends and share buy back for 75% of net cash flow.  Management at WCP decided instead to borrow $1.3 billion dollars and make the deal with Exxon and Imperial Oil - increasing their future cash flow and profits - but no immediate

[pinecone11]

"dump" may be the wrong word.  "dump" was definitely the wrong word "dumped" would be the right word (from anyone who had passed grade 1) 

[stocktalk]

Sorry, still taking advanced els. China Number One !!

[jimgeorge]

Well said Pierre! like I said before, WCP will have strong dividends sustainable for a long time.  A lot of the other smaller caps will have to cut their divvied when they run out of tier 1 drilling locations and have to spend more to maintain production, not to mention the inevitable pullback in commodity prices. WCP will be the top performing mid-cap in 2023/24. Cheers, Jimmy

[Davesnothere]

Thanks Jimmy, Pierre, I am super long WCP and as a shareholder I like Grant's risk/reward style. By all accounts WTI should remain well above $90.00 for the next 12 months. If so, then we will see the .73 cent divi followed by some major buybacks. All that would send our share price to another level. We are in a good spot, just gotta be patient.

[baranja]

that's bulish. Majority of stocks not pumped by Nuttall,, made huge gains, a lot more then Nuttall pumped once. He is constantly pumping TVE,. the biggest horror show of all Canadian oil and gas Co.  Nuttall can stay away from it.. it's fine.

[navajojoe]

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