i watched his show on the weekend; i think his multiples are aggressive but thematically i think he is correct on oil.

 

from memory, i believe his fund is around $2B but holds only 12 positions, 1 US, no service; based on position sizing and his typical short term trading pattern, he (imo) is going to either have to expand his number of positions (which he was fairly negative on and stressed doing dd and going in heavily on a position, and % restrictions on ownership) or trend/gravitate  to higher liquidity/mc stocks, if his call on a 5/6 yr 100 $ bull run is correct

 

does this start to skew his picking of cnq, cve, meg, etc; the gxe's and lower liquidity/lower market cap co's won't make his screens.  (and i have significant (for me) positions in Meg, Cpg, Cve, Wcp, Su, Bye, etc-maybe too much overlap).