Whitecap Resources Inc T.WCP

Nuttall on BNN

[loonietunes]

Whitecap Resources(WCP-T)

23/05/2024

+Get Signals

(A Top Pick May 31/23, Up 19%)

Underperformed the index. Sold it from his main fund. Kept it in his income fund, as dividend is very dependable. Perception of relentless M&A, investors are tired of this, creates overhang. A $15 price is reasonable. Yield is 7%. 

Better opportunities elsewhere for capital appreciation.

Oil And Gas (Integrated Oils)

Eric Nuttall

$10.290

Owned

[retiredcf]

Last stock in the clip. GLTA https://www.bnnbloomberg.ca/video/eric-nuttall-s-past-picks~2927470

[Citizen13]

Still harping on his thesis that WCP is a serial acquirer . Meanwhile he boasts CPG and BTE are a better bet . Didn't they both acquire recently and it went pretty horribly wrong ?   LOL . The guy not only makes a ton of costly mistakes, he is now promoting falsehoods  . Lost all respect for his clown show. Like I said , monitor the best you can to see when he buys WCP again in bulk

[barneyj44]

I agree he goes on and on about Wcp being a serial acquirer. Even with the poor returns we managed 19% including dividends or the past year. Now that NG is on the rise I believe our capital appreciation will begin to play some catchup. I added a little more yesterday. Wcp is my biggest Oil and Gas holding followed by Bte, Cpg and Bir. 

[jleer42]

He said it was the market perception.

[Citizen13]

He IS  the market along with one other fund. I wish he would state the market players he's accusing .  I doubt anyone here thinks that . He had the opportunity to disagree but did he ?  Absolutely not because it interferes with his agenda . He sold his WCP in one fund . Also as stated he never whinges that his BTE and especially CPG are serial acquirers . Thanks for being

[dandu1924]

EN  is a speculator not an real investor, if he can make 10%, 15%  and 20%  , you will see the dumping EN. Just look is past  and you got it.

[tollycraft]

I certainly agree with you. But, that's what the people expect him to do with their money, make them more.  I like to listen to him, but he is, (as I'm sure he is to you) just another source.  I prefer to do my own DD and do look to this board for some good info provided by much more savy investors than me. GLTA Tollycraft

[Westcoastenergy]

Looks like Ninepoint has much more serious issues to deal with than WCP.  People are trying to exit but there is no cash for them so they are stuck holding the bag.  Interesting.

[jleer42]

Would you ming posting your source for this. Thanks

[baranja]

Yup, I just red it.. WTH is going on with ninepoint? Who messed up overthere. https://www.zerohedge.com/markets/time-pay-satan-canadian-asset-manager-blocks-cash-distributions-private-credit-funds

[baranja]

It looks like it is TEC Private Credit Fund is having issues.  Canadians who take take those loans can't afford paying it back.

[Citizen13]

Yikes . Thats not going to go over well with investors . The Ponzi scheme is crumbling . There will be a bum rush for the exits with this type of policy. They take 1.5% + as fees and wont give you cash distributions ?    Looks like Nutty will be put on another file unles he's canned altogether. I'd be cash flow strapped too if I was churning like him all day every day.   His

[baranja]

that is not  an Energy Fund under Nutty, but Private Credit Fund managed by some other people.  The fund is like a subprime in the US.  people/business that don't have good credits borrow money from it and pay bigger interest rates.  The fund dividend is derived from interest rates they are being charged with. This event is prime example of current status of Canadian

[Onemoreboom]

Nuttal: "today's news is not bearish." Hmmm.  The rest of the world seems to disagree.  LOL.

[Westcoastenergy]

although Opec+ is predicting an increase in daily global consumption going forward of 2.25 million bpd, much higher than the IEA's forecast of 1.1 million.  (source Reuters "Power Up" newsletter.)

[baranja]

No, it is not bearish. What fascinates me it that none of you even considers that this is just a simple attack on futures market. Somebody simply dumps massive number of naked shorts on CME and NY to crash oil price, triggers stop loses and there we go. Most likely this could be an attack on russia, or they are just being angry on Arabs for not wanting to play the game,  or they are thying to

[baranja]

Yesterday on NYSE, there were bunch of stocks at NYSE that went to zero. Berkshire was one of them. They say it was technical glitch, but this whole thing is just too much of coincidence.

[WINDGOD46]

It's standard practice. If they can't convince the Saudis to raise production and lower gazoline prices in order for Biden to be re-elected, they use paper and the shorting goon squads to crash the futures. The question is when the barrels will catch up.

[baranja]

Of course they do, they want to protect petrodollar and they just attack oil price via naked shorting. Once they kill oil price, they just settle in cash. No need for single drop of oil to acomplish that. Oil price is $70 while gasoline price is $1.6 at gas station. Few years back, $70 per barrel would equal to 70 or 80 cents per gasoline at the gas station. Nobody is asking who is robbing us

[baranja]

Currently, Oil price is super cheap, and gasoline prices should have been at 50% at where they are now.  Not easy to watch this abuse of oil producers.