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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (79934)12/11/2020 2:04:18 PM
From: Goose94Read Replies (2) of 202700
 
Canadian Natural Resources (CNQ-T) top pick from Eric Nuttall on BNN.ca Market Call Friday Dec 11th @ 1200ET

The Canadian large caps have lagged the move in the small caps and offer tremendous value. Canadian Natural, Suncor and Cenovus each represent 10 per cent of my fund currently. CNQ trades at a 13/18 per cent free cashflow yield at $50/$60 and is still down 24 per cent on the year. With a post-dividend break (current yield is 5.3 per cent) even of only $38 per barrel, CNQ will be a free cashflow machine under our oil price forecast ($50 in H1/21 and $60 in 2H/21) and possesses what every energy investor in the world will look for: low decline (10 per cent), long reserve life, and a focus on free cash flow. CNQ could double over the next year.
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