Eric Nuttall: Ninepoint Energy Market Update | Key Trends from 2024 & What to Expect in 2025

Your funds should trade in the US, as many Canadian companies do.

A change in the government here in Canada will have a positive effect on the oil sector

Why won't you buy a name like $tcw Eric? You continually post charts of FCF and buybacks being the key to re-ratings, yet you won't own the name that has (factually) bought back/reduced float the most of ANY TSX energy name since covid. You own names that (lets be real), everyone knows are bad actors and won't deliver on their promised returns, yet you buy them anyways. How can we take your picks and words seriously?

@moblu : w/ all due respect, China is not the elephant in the room. There are a lot of other nations, many of which have yet to ascend the S-curve of energy vs. GDP/capita ( there are no high GDP nations that use little energy) . The balance of forces favor greater demand pressure going forward.

A wildcard I wonder about is Iran and whether Trump will resume sanctions. Also, how much teeth will the recent clampdown on uninsured tankers shipping Russian oil have on supply. Could force China to buy more from the open market again as their Russian supplies could be curtailed. Not only would these two things accelerate supply contraction but would be nice to significantly tighten the screws on Russia's chief source of foreign income.

Good summary Eric.

bro said "most people didnt see china demand falling yoy" and then a minute later says "demand is at all time highs." oil just refuses to acknoqledge the elevant in the room. China is ramping EVs like crazy, theyre the cheapest vehicle in the world. and exports are ramping... but sure keep saying demand is at ATH lol demand gone nowhere since 2019 and will soon start falling yoy

Nutty Nuttall horrendous energy analyst was terrible for yrs before covid then became genius when oil went negative and had nowhere to go but up. Now he has no idea w here oil is headed.

Thanks Eric. Been a fund-holder for a very long time now, at (?? least 10 years now). I knew tax-loss selling was going to be tough, but probably something to take advantage of. Frankly, I'm happy to pay your fees as I can't take the time to do it myself. I have price-limit orders in now on Income & your Equity funds... Hoping a lot of losers let my bids get hit. Merry Christmas to you and all you care about.

Good info though the background is disturbing/distracting

Is there a Namibia Oil Boom going on now?
Chevron and Exxon is there making discoveries

Canadian energy up 10%???? Where???
1. VRN down -36%
2. CVE down -15%
3. CNQ down -8%

Canada oil stocks are up 10% for the year? More like DOWN 10%.

Thanks from Norway :)

Thank you Mr. Nuttall. Have a wonderful Christmas and may God bless you and your family.

Always interesting and worthwhile. Thanks for another useful and timely update.

did oil companies fare well when Trump came to power in 2015, and what differences do u see in today's market?

Great video
Bullish offshore oil services