Expert Ron Struthers believes consumers are on an unsustainable path of wracking up credit card debt, and it is only a matter of when the economy buckles, meanwhile big profits are being made by tanker companies and oil and gas/energy transmission companies as supplies continue to tighten.
An unusually warm October has helped natural gas inventories, but gas prices don't seem to believe it. Oil has seen three days of heavy selling volume ending with a hammer candle stick Monday. Birchcliff, Callon, and Earthstone should benefit.
Shares of Alvopetro Energy Ltd. traded 13% higher yesterday after the company reported record Q3/22 sales, raised its quarterly dividend by 50%, and announced plans for a robust NCIB share buyback program.
Rover Metals Corp. has signed the definitive agreement to option a 100% ownership interest in a Nevada lithium project that puts it closer to its goal of pivoting from gold to lithium and critical elements.
Shares of turnkey residential solar firm Sunrun Inc. traded 19% higher after the company reported Q3/22 financial results that included a 44% YoY increase in revenue and a 21% gain in its installed customer base.
Shares of Oceaneering International Inc. traded 16.5% higher yesterday after the diversified offshore engineering services and manufacturing firm reported Q3/22 financial results that included a 20% YoY increase in revenue and improved operating performance and profitability across all its business units.
Rock Tech Lithium Inc. shares traded 30% higher yesterday after the company reported it executed a five-year supply contract with Mercedes-Benz AG of Germany. Under the terms of the agreement, Rock Tech will provide Mercedes with 10,000 tonnes of battery-grade lithium hydroxide yearly, which is expected to generate CA$2 billion in revenue for the company.
More and more North American natural gas will end up as LNG to Europe in the coming years. Soon we will compete on price. Expert Ron Struthers believes Shell Plc. offers a compelling valuation compared to its peers and will benefit from this market transition.
Frontier Lithium Inc. announced the latest group of drill results from its Spark Deposit in northwestern Ontario. The firm reported it intersected 326.6m of pegmatite averaging 1.92% lithium oxide (Li2O), which included a 50m high-grade zone of 2.98% Li2O. Canaccord Genuity Corp. (Canada) advised in a research update that the positive results achieved in Frontier's Phase XII drill program once again demonstrate grades that are well above the current mineral resource estimate of 1.38% Li2O.
Expert Ron Struthers believes TC Energy is a well-run pipeline company as it is yielding about 6.5% and has increased its dividend every year since the turn of the century. He also discusses how oil tanker rates are soaring as the market tightens more with the Ukraine war, but DHT Holdings is a laggard worth a look.
In light of yesterday's lithium results from Argentina Lithium & Energy Corp., expert Clive Maund takes a look at the 10-year, 15-month, and 6-month charts for the natural resource company to tell you his outlook.
Numerous positive influences on oil and gas prices are looking to converge this winter in North America and Europe. Expert Ron Struthers believes oil and gas stocks have been oversold and offer very good value, and he highlights two he thinks are worth your attention.
Altus Power Inc. shares traded 17% higher to a new 52-week high after the industrial, public and community solar firm reported it entered into definitive agreements to acquire 97 megawatts of operating solar assets.