Eric Nuttall Bullish on Oil Prices and Canadian Energy Stocks

2020 December 06

Read Eric Nuttall's Ninepoint Partners December fund commentary for an uncommonly optimistic outlook for Canadian energy.

Or watch his Financial Post interview:

Eric is bullish on oil prices and Canadian energy, even if Joe Biden kills Keystone XL. Sure, Eric is talking his book, but he makes valid points about structural supply inadequacy due to weak investment, combined with oil demand both returning to normal post-COVID, and growing for another decade due to global population and GDP growth, etc.

As we well know, the cure for low prices is low prices. Have we already seen the bottom for Canadian energy equities and domestic investment? I'd say yes.