No calls filed yet. Quotes in curly quotation marks are verbatim; everything
else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
Since they said it
5 directional calls with a price to read (3 bullish, 2 bearish). 1 week later, with the call in 3 of 5; 1 month later, with the call in 3 of 5. Prices as of 2026-09-11. Three fixed windows, the same for every call, always shown together: one week, one month, three months after the first close that followed the tape. What the market did, not a score: a call can have a different horizon, and a view with no number or deadline is never graded here.
WTI crude from 2026-06-08 to 2026-09-11 · ▲ bullish · ▼ bearish · dot = the close that day
Date
Market
Call
What was said
1 week
1 month
3 months
2026-08-10
from 83.20
WTI crude
Bullish
the floor price for oil, I think, is at least $10 higher than when the war began. And as a result, we see very meaningful upside remaining in energy stocks.
Eric Nuttall (Ninepoint) tells BNN viewers the US SPR has fallen below 300 million barrels, its lowest since 1982-83, so a key oil price buffer is used up.
the US SBR has breached the 300 million barrel numbers. This is the lowest level since about 1982, 1983.
Nuttall tells BNN viewers the post-war floor for oil is at least $10 above the pre-war level and energy stocks still have meaningful upside.
the floor price for oil, I think, is at least $10 higher than when the war began. And as a result, we see very meaningful upside remaining in energy stocks.
Nuttall tells BNN viewers the war most likely ends with a deal that leaves Iran controlling the Strait ('the trade' = garble of 'the strait'), keeping oil structurally tighter.
Or two, we get the biggest talk of all time, and they give control of the trade over to Iran, which is what I think is going to happen.
Nuttall tells caller Rob that oil is massively underpriced given 7 mb/d of lost supply, with strength showing in refined products until China returns to the crude market.
My own view is the current oil price is massively underpriced. Most of us would have thought you'd be in the mid 150s right now.
Nuttall tells BNN viewers China's imports rising 950 kb/d July over June signal China returning to the oil market, which should push refined-product strength into WTI.
Encouragingly what we're seeing is their imports are up 950,000 barrels per day July over June. We think that trend will continue.
Nuttall tells caller Val to switch out of Tourmaline: it chased production growth into a collapsing gas price and he would need to be more bullish on gas to like it.
you would see that the stock's done pretty much nothing. This is a company where they have chased production growth to the demise of the gas price.
Nuttall tells caller Jim Tamarack Valley has 15-20% upside at $70 oil over a couple of years and ~50% (about $19-20/share) in three years at $80 oil.
a $19 to $20 a share price about two or three years from now. So let's call it 50 ish percent upside three years from now if you're a little more bullish on the oil price.
Nuttall tells BNN viewers top pick Cenovus is the cheapest quality large cap in North America with 50-60% upside ($54-55 at $70 oil, $62-63 at $80).
company with RockShaw, the balance sheet, extremely good management team, decades and decades worth of stay flat inventory, potentially 50, 60% upside from here.
Nuttall tells BNN viewers top pick Strathcona should pay about 10% a year in dividends (3% base plus 4-8% special) with production growth and oil leverage.
We would peg that at roughly a four to 8% special dividend. So that's 4% at $70, 8% at $80, plus their based yield now is about three ish. So you're going to get paid about 10% a year in dividends.