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Eric Nuttall

@ericnuttall • 130,013 subscribers

Father of 3, husband, & energy investor. Proponent of the Canadian energy patch & occasional market commentator. https://t.co/WVA6oG8CCO

Shorts

Goldman saying the oil market has been in a net deficit of 7-8MM Bbl/d since March 1st. JP Morgan said we can only lose 800MM Bbls before the global refining system gets pushed into operational stress levels. As of April 23rd 520MM Bbls were left. That puts "D-Day" ~ July 1st.

Goldman saying the oil market has been in a net deficit of 7-8MM Bbl/d since March 1st. JP Morgan said we can only lose 800MM Bbls before the global refining system gets pushed into operational stress levels. As of April 23rd 520MM Bbls were left. That puts "D-Day" ~ July 1st.

75,443 просмотров

PM Carney just confirmed that a 4th term Liberal government will NOT repeal Bill C-69 which makes it impossible for another oil pipeline (or major energy project) to ever be built again. It is imperative that we build more pipelines to both coasts to reduce our customer concentration risk and break our reliance on the US. Not doing so costs billions of dollars per year and risks our very sovereignty. The world needs more Canadian energy…let’s bring it home!

PM Carney just confirmed that a 4th term Liberal government will NOT repeal Bill C-69 which makes it impossible for another oil pipeline (or major energy project) to ever be built again. It is imperative that we build more pipelines to both coasts to reduce our customer concentration risk and break our reliance on the US. Not doing so costs billions of dollars per year and risks our very sovereignty. The world needs more Canadian energy…let’s bring it home!

372,672 просмотров

“The most anticipated oil supply glut in history”™️ is dead, and with it the biggest bear thesis for oil. We believe we are now in a multi-year oil bull market based on the twilight of US shale, peaking non-OPEC production, and minimal OPEC spare capacity.

“The most anticipated oil supply glut in history”™️ is dead, and with it the biggest bear thesis for oil. We believe we are now in a multi-year oil bull market based on the twilight of US shale, peaking non-OPEC production, and minimal OPEC spare capacity.

61,800 просмотров

Be this guy when you pull up at the pump: the ETF series of the Ninepoint Energy Fund trades under the ticker "NNRG." Disclaimer: All returns and fund details are a) based on Series F shares; b) net of fees; c) annualized if period is greater than one year; d) as at 2/28/2026. Where applicable, all figures are annualized and based on monthly returns since inception. Inception date is 4/16/2004. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the investment fund or returns on investment in the investment fund. In each taxation year, the Fund will distribute to its investors a sufficient amount of the Fund’s net income and net realized capital gains so that the Fund will not pay any income tax. The net income and the net realized capital gains of the Fund will be distributed annually in December. The Fund is generally exposed to the following risks: Active management risk; Concentration risk; Credit risk; Currency risk; Cybersecurity risk; Derivatives risk; Energy risk; Exchange traded funds risk; Foreign investment risk; Inflation risk; Interest rate risk; Liquidity risk; Market risk; Performance fee risk; Regulatory risk; Rule 144A and other exempted securities risk; Securities lending, repurchase and reverse repurchase transactions risk; Series risk; Short selling risk; Small capitalization natural resource company risk; Specific issuer risk; Tax risk; Absence of an active market for ETF Series risk; Halted trading of ETF Series risk; Trading price of ETF Series risk. Ninepoint Partners LP is the investment manager to a number of funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The indicated rates of return for series F units of the Funds for the period ended 2/28/2026 are based on the historical annual compounded total returns including changes in unit value and reinvestment of all distributions or dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. This communication does not constitute an offer to sell or solicitation to purchase securities of the Funds. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not a resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

Be this guy when you pull up at the pump: the ETF series of the Ninepoint Energy Fund trades under the ticker "NNRG." Disclaimer: All returns and fund details are a) based on Series F shares; b) net of fees; c) annualized if period is greater than one year; d) as at 2/28/2026. Where applicable, all figures are annualized and based on monthly returns since inception. Inception date is 4/16/2004. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the investment fund or returns on investment in the investment fund. In each taxation year, the Fund will distribute to its investors a sufficient amount of the Fund’s net income and net realized capital gains so that the Fund will not pay any income tax. The net income and the net realized capital gains of the Fund will be distributed annually in December. The Fund is generally exposed to the following risks: Active management risk; Concentration risk; Credit risk; Currency risk; Cybersecurity risk; Derivatives risk; Energy risk; Exchange traded funds risk; Foreign investment risk; Inflation risk; Interest rate risk; Liquidity risk; Market risk; Performance fee risk; Regulatory risk; Rule 144A and other exempted securities risk; Securities lending, repurchase and reverse repurchase transactions risk; Series risk; Short selling risk; Small capitalization natural resource company risk; Specific issuer risk; Tax risk; Absence of an active market for ETF Series risk; Halted trading of ETF Series risk; Trading price of ETF Series risk. Ninepoint Partners LP is the investment manager to a number of funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The indicated rates of return for series F units of the Funds for the period ended 2/28/2026 are based on the historical annual compounded total returns including changes in unit value and reinvestment of all distributions or dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. This communication does not constitute an offer to sell or solicitation to purchase securities of the Funds. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not a resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

23,023 просмотров

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Thoughts on the oil price selloff and why the market assuming the "new normal" = "old normal" is likely wrong:

Thoughts on the oil price selloff and why the market assuming the "new normal" = "old normal" is likely wrong:

26,773 просмотров • 1 день назад

If the cost of a new 1MM Bbl/d pipeline is Pathways, a $30BN project conceived in a vastly different world that erodes our competitiveness, then I say nay. It took me 4 hours to get my 6 year old an ankle x-ray last night...we do not have to live like this, yet choose to. Sad.

If the cost of a new 1MM Bbl/d pipeline is Pathways, a $30BN project conceived in a vastly different world that erodes our competitiveness, then I say nay. It took me 4 hours to get my 6 year old an ankle x-ray last night...we do not have to live like this, yet choose to. Sad.

147,481 просмотров • 29 дней назад

Ninepoint Energy Strategies Update: the "battle for the barrel"™️ and why oil product shortages in the coming weeks are likely, resulting in a price spike

Ninepoint Energy Strategies Update: the "battle for the barrel"™️ and why oil product shortages in the coming weeks are likely, resulting in a price spike

59,790 просмотров • 15 дней назад

Highlights from my testimony to the House of Commons’ Standing Committee on Natural Resources - opening statement

Highlights from my testimony to the House of Commons’ Standing Committee on Natural Resources - opening statement

349,606 просмотров • 4 месяцев назад

CRITICAL UPDATE - Ninepoint Energy Strategies: the worst energy crisis of our lifetimes...where do we go from here?

CRITICAL UPDATE - Ninepoint Energy Strategies: the worst energy crisis of our lifetimes...where do we go from here?

113,103 просмотров • 2 месяцев назад

Bloc Québécois MP Simard: “ I’m just not convinced that it is in the public interest to build oil and gas infrastructure” Response: “With respect Mr. Simard, where do you think your Province’s $17 billion per year in transfer payments come from? It’s funded from this sector.”

Bloc Québécois MP Simard: “ I’m just not convinced that it is in the public interest to build oil and gas infrastructure” Response: “With respect Mr. Simard, where do you think your Province’s $17 billion per year in transfer payments come from? It’s funded from this sector.”

157,099 просмотров • 4 месяцев назад

Jeff Currie is an icon and when he speaks I listen: “If you’re having to scrape the data to find evidence of a supply glut, it’s not a real supply glut. These things hit you over the head like a sledgehammer.”

Jeff Currie is an icon and when he speaks I listen: “If you’re having to scrape the data to find evidence of a supply glut, it’s not a real supply glut. These things hit you over the head like a sledgehammer.”

77,122 просмотров • 5 месяцев назад

Ninepoint Energy Strategies Weekly Update: "the investment case is not that oil is going to spike to $200/bbl, it is that many oil stocks are discounting oil in the $60's and we think the new floor is $80WTI offering a meaningful rerate potential":

Ninepoint Energy Strategies Weekly Update: "the investment case is not that oil is going to spike to $200/bbl, it is that many oil stocks are discounting oil in the $60's and we think the new floor is $80WTI offering a meaningful rerate potential":

24,978 просмотров • 1 месяц назад

Is the "twilight of shale" here and what does it mean for the oil market? Hear what the #1 shale company on the planet is saying on the topic in our Ninepoint Energy Strategies weekly update.

Is the "twilight of shale" here and what does it mean for the oil market? Hear what the #1 shale company on the planet is saying on the topic in our Ninepoint Energy Strategies weekly update.

135,283 просмотров • 1 год назад

What I learnt this week over 2 days listening to oil traders, producer and service CEOs, analysts, politicians, and the Secretary General of OPEC at the Energy Aspects annual conference in London:

What I learnt this week over 2 days listening to oil traders, producer and service CEOs, analysts, politicians, and the Secretary General of OPEC at the Energy Aspects annual conference in London:

87,172 просмотров • 8 месяцев назад

Earlier in the week we heard the fantasy…on Friday we heard the reality. Meaningful production adds are measured in years, not months. By then with peak non-OPEC production the world will be begging for every barrel Venezuela can produce.

Earlier in the week we heard the fantasy…on Friday we heard the reality. Meaningful production adds are measured in years, not months. By then with peak non-OPEC production the world will be begging for every barrel Venezuela can produce.

49,027 просмотров • 5 месяцев назад

It’s refreshing to hear such an energy-literate politician, especially when that person is likely to become Canada’s next Prime Minister in the coming months which should lead to the elimination of the Canadian political risk discount in our energy stocks.

It’s refreshing to hear such an energy-literate politician, especially when that person is likely to become Canada’s next Prime Minister in the coming months which should lead to the elimination of the Canadian political risk discount in our energy stocks.

129,048 просмотров • 1 год назад

Bullish on energy but don't know where to start? The ETF series of the Ninepoint Energy Fund trades under the ticker "NNRG."

Bullish on energy but don't know where to start? The ETF series of the Ninepoint Energy Fund trades under the ticker "NNRG."

25,699 просмотров • 2 месяцев назад

There are countries whom have successfully leveraged their resource wealth to enrich their citizens, and then there is Canada. Stymieing our energy sector with self-flagellation has made us poorer and vulnerable. The path to a stronger country -> building more oil pipelines now.

There are countries whom have successfully leveraged their resource wealth to enrich their citizens, and then there is Canada. Stymieing our energy sector with self-flagellation has made us poorer and vulnerable. The path to a stronger country -> building more oil pipelines now.

107,939 просмотров • 1 год назад

“Honestly, I’m staggered that as a citizen I need to explain why it is important to champion the most important sector of the Canadian economy. The reasons for that should be abundantly obvious.”

“Honestly, I’m staggered that as a citizen I need to explain why it is important to champion the most important sector of the Canadian economy. The reasons for that should be abundantly obvious.”

33,196 просмотров • 4 месяцев назад

Key insights from the IEA-IEF-OPEC Symposium on Energy Outlooks held in Riyadh, Saudi Arabia:

Key insights from the IEA-IEF-OPEC Symposium on Energy Outlooks held in Riyadh, Saudi Arabia:

33,869 просмотров • 4 месяцев назад

Feeling bearish on oil? Something to keep in mind. The correlation between inventories and price fell apart 2 years ago. It is entirely possible that the market will look through short-term builds, and instead focus on the drawdown/elimination of OPEC spare capacity like in 2008:

Feeling bearish on oil? Something to keep in mind. The correlation between inventories and price fell apart 2 years ago. It is entirely possible that the market will look through short-term builds, and instead focus on the drawdown/elimination of OPEC spare capacity like in 2008:

32,491 просмотров • 9 месяцев назад

What did we learn from 2 days of meetings with the largest oil and natural gas producers in North America, and what are our current views on oil and natural gas? We discuss in this week's Ninepoint Energy Strategies Weekly Update.

What did we learn from 2 days of meetings with the largest oil and natural gas producers in North America, and what are our current views on oil and natural gas? We discuss in this week's Ninepoint Energy Strategies Weekly Update.

37,160 просмотров • 1 год назад

The battle of the bulls vs. the bears in oil rages on, and we will know who is right in the next ~ 2 months. While "cause for pause" keeps us in natural gas names for now, we think the next bull market for oil is not that far away:

The battle of the bulls vs. the bears in oil rages on, and we will know who is right in the next ~ 2 months. While "cause for pause" keeps us in natural gas names for now, we think the next bull market for oil is not that far away:

26,200 просмотров • 9 месяцев назад

Why "we remain bullish"™️ on Canadian energy stocks:

Why "we remain bullish"™️ on Canadian energy stocks:

33,449 просмотров • 1 год назад