Energy stocks face upside potential in 2023 amid oil tailwinds: Nuttall - BNN Bloomberg

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Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, said he sees oil demand normalizing in China this year and thinks it will be a tailwind for the sector.

Amid widespread predictions of a recession in 2023, one prominent investor is taking a bullish stance on Canadian energy stocks.

“We remain bullish for 2023 because so many of what were headwinds last year [are] becoming tailwinds,” he said in an interview on Monday. However, he added that there are significant concerns regarding a future mismatch between global oil supply and demand growth.

 

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