Bullish Outlook for 2025 | Eric Nuttall: Ninepoint Energy Market Update

Eric Nuttall, January 9, 2025 - Senior Portfolio Manager Eric Nuttall kicks off 2025 with a deep dive into the energy market, providing critical insights and actionable takeaways. In this week's update, Eric shares his bullish outlook for energy stocks, analyzes the latest developments in global oil demand, and discusses the implications of historic low oil inventories.

Key topics:

• Historic Low Oil Inventories: What this means for the energy market.
• The Twilight of U.S. Shale: Why 2025 marks a turning point in U.S. shale production growth.
• Canadian Energy Sector Outlook: How upcoming political changes could remove the political risk discount for Canadian energy stocks.
• OPEC+ Cohesion: Why OPEC+ remains key in stabilizing the market.
• Oil Price Predictions: Expected trading ranges for oil and natural gas in 2025.
• Global Energy Sector Trends: Insights from meetings with top energy executives.

Eric also discusses the potential impact of recent political changes in Canada and the U.S., including the resignation of Canadian Prime Minister Justin Trudeau and the implications of a Trump presidency on Canadian oil exports.

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This video is for information purposes only and should not be relied upon as investment advice. We strongly recommend that you consult your investment professional for a comprehensive review of your personal financial situation before undertaking any investment strategy. Information herein is subject to change without notice and Ninepoint is not responsible for any inaccuracies or to update this information.

The opinions, estimates and projections (“information”) contained within this report are solely those of Ninepoint Partners LP (“Ninepoint”) and are subject to change without notice. Ninepoint makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, Ninepoint assumes no responsibility for any losses or damages, whether direct or indirect, which arise out of the use of this information. Ninepoint is not under any obligation to update or keep current the information contained herein. The information should not be regarded by recipients as a substitute for the exercise of their own judgment. Please contact your own personal advisor on your particular circumstances.

Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any investment funds managed by Ninepoint Partners LP. These views are not to be considered as investment advice nor should they be considered a recommendation to buy or sell.

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[phillipwatts]

Great insights into the sector as usual! TY

[peterpagliaro]

As an American investor; proving tariffs to Canadian oil and gas companies makes zero cents to me ;given all that Eric has shared here; and perhaps; mainly, that this new Canadian regime, 'sounds likely to begin, this coming April.

[georgekyriazis]

Thanks Eric!

Hey, whats your favorite small to medium cap Canadian oil company to setup with a good chart and balance sheet for a CPC government.

[shakeypudding]

Well Eric, oil is going up but stocks just aren’t following suit. It must be the wait for potential tariffs?