Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Market Call

3 top stock picks from Sprott's Eric Nuttall Add to ...

Eric Nuttall is portfolio manager with Sprott Asset Management. His focus is on oil and gas stocks.

Top Picks:

Painted Pony Petroluem

Painted Pony’s highly strategic Montney gas asset will become very attractive as we get closer to West Coast LNG exports; it has a risked net asset value of $38.

Trican Well Services

Concerns about U.S. margin erosion and overcapacity are severely overblown; Trican trades at 3.2 times 2012 EV/EBITDA versus a trough historical multiple of 5 times.

Legacy Oil+Gas

Strong production growth and unbooked resource delineation will be the strategy for 2012; the company recently came out with a $40/share resource value.

Past Picks: Feb. 9, 2011

WestFire Energy

Then: $8.29

Now: $5.13

Total Return: -38.11%


Then: $1.60

Now: $0.88

Total Return: -45.00%

Bankers Petroleum

Then: $8.70

Now: $5.30

Total Return: -39.08%

Total Return Average: -40.73%


Demand for oil remains at a record high while supply from non-OPEC continues to stall and OPEC sits on historically low excess capacity. Meanwhile, the outlook for natural gas is bleak due to record warm weather and continued record production. Look for natural gas prices to fall below $2.00/mcf in the next few months.

Compiled by Franklin Cameron, BNN Market Call Tonight


Also see:

Related content3 top stock picks from Northland Wealth Management's David Cockfield

Related content3 top stock picks from Castlemoore's Robert Sneddon

3 top stock picks from portfolio manager Paul Gardner

Report Typo/Error

Follow us on Twitter: @GlobeInvestor


Next story




Most popular videos »

More from The Globe and Mail

Most popular