Bull In A China Shop

Alberta Oil - - OBSERVER NEWS NUMBERS PEOPLE PLACES -

On Septem­ber 30, rep­re­sen­ta­tives from Sprott As­set Man­age­ment, the sto­ried Toronto firm that is renowned for its ex­per­tise in hard as­sets like pre­cious me­tals and oil and gas, paid a visit to Cal­gary. Their mes­sage? Sprott and the funds it of­fers is about more than just those hard as­sets. They called it “The New Sprott,” and the firm em­pha­sized its shift to­wards a more bal­anced port­fo­lio of funds. But ERIC NUT­TALL, their long­time oil and gas fund man­ager, is still a big be­liever in com­pa­nies that trade in en­ergy. In fact, he thinks the cur­rent en­vi­ron­ment of­fers in­vestors one of the most in­ter­est­ing buy­ing op­por­tu­ni­ties in years – if they can stom­ach it. And while he re­mains op­ti­mistic, he says it’s been a chal­lenge for him to han­dle the volatil­ity and per­va­sive bear­ish­ness that has de­fined the mar­ket for oil and gas eq­ui­ties over the last year.

Eric Nut­tall, Oil and Gas Fund Man­ager, Sprott As­set Man­age­ment

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