Surprised at this obsession that some people have with Eric Nuttall. Yes he's the only pure energy analyst left (aside from Joseph Schachter who has pretty much disappeared - mind you, he saw the price of oil falling and look how that worked out). But there are a great many mainstream analysts who have now recognized potential in the energy sector and are now promoting energy stocks. Two examples appearing on Market Call next week will be Ross Healy (Thursday) and Ryan Bushell (Friday). GLTA
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Would appreciate your opinion on WCP's lastest results and a price target based on 85$ wti for the next 12 months.
Q3 production rose to 146,000 b/d, up 26%. Per share cash flow nearly doubled, but income fell due to a one-time gain from last year. Payout ratio dropped to 50% from 57%. Debt increased from $1.3B to $2.2B due to acquisitions. Netbacks increased 50% to $44.58. Share count dropped 21M to 610M. We would consider it a good quarter. Price target perhaps $13.50 (analyst average is $15.00). (5iResearch)