A focus on the cannabis and energy sectors
Chris Vermeulen, Founder of The Technical Traders joins me to share his outlook for the cannabis and energy sectors.
Starting with cannabis, US stocks in particular have been screaming higher. But are they getting a bit over heated?
For energy, the clean energy sector continues to perform very well. In oil and the oil stocks there is a big disconnect between the stocks (under performing) and the oil price (pushing higher).
The relationship between natgas and the vehicle revolution. PEY.to
The relationship between natgas and the EV vehicle revolution.
I won’t disagree that the US and Canadian pots have had huge moves and are due for a consolidation but I believe there are plays that have catalysts that are not just sector related. IM Cannabis has its main operations in Israel and Germany. In march there’s an election which could impact the recreational market. Also a Nasdaq listing coming and also the big volume pickup yesterday. It’s a buy at these levels.
That’s an election in Israel
WRN Western Copper and Gold
Canagold optionee drills 90 m of 1.8 g/t Au at Fondaway
2021-02-10 08:07 ET – News Release
Mr. Scott Eldridge reports
CANAGOLD OPTIONEE GETCHELL GOLD EXTENDS GOLD MINERALIZATION ZONES AT FONDAWAY CANYON PROJECT, NEVADA
Skeena drills 25.27 m of 13.86 g/t AuEq at Eskay
2021-02-10 08:02 ET – News Release
Mr. Walter Coles reports
SKEENA INTERSECTS 13.86 G/T AUEQ OVER 25.27 METRES IN HANGING WALL ZONE AT ESKAY CREEK
Wesdome drills eight m of 326 g/t Au at Kiena
2021-02-10 07:39 ET – News Release
Mr. Duncan Middlemiss reports
WESDOME ANNOUNCES KIENA DEEP A ZONE DRILLING RETURNS 326 G/T GOLD OVER 8.0 METRES
Wesdome Gold Mines Ltd. has released additional results from underground definition and exploration drilling at the company’s 100-per-cent-owned Kiena Mine Complex in Val d’Or, Quebec.
Benchmark drills 1.54 m of 5,216.68 g/t Ag at Lawyers
2021-02-10 06:16 ET – News Release
Mr. John Williamson reports
BENCHMARK DRILLS 1.54 METRES OF 5,216.68 G/T SILVER AND 17.96 G/T GOLD WITHIN A BROADER INTERSECTION OF 14.00 METRES OF 9.88 G/T AUEQ NEAR SURFACE AT THE AGB ZONE
Getchell drills 90 m of 1.8 g/t Au at Fondaway
2021-02-10 06:07 ET – News Release
Mr. Mike Sieb reports
GETCHELL GOLD CORP. EXTENDS COLORADO SW ZONE WITH 1.8 G/T AU OVER 90.0M AND DISCOVERS NEW NORTH FORK ZONE GRADING 2.5 G/T AU OVER 58.0M, FONDAWAY CANYON PROJECT, NEVADA
I added to Group Ten and New Age based on good Plat/Pall pre market. So far so good…including Irving which is a continuation of yesterday. I haven’t looked in 30 mins, so things may be different.
Criminal walk down
Freebird Rainbow Adventures is doing well!
Great daily show. My oil service stocks have been moving strongly, much stronger than the bigger oil company stocks, but they’ll probably pull back soon. I used to work in the oil patch-the Gulf of Mexico. That doesn’t make me an expert on stocks, but I like Apache, SLB, Baker-Hughes, Weatherford, FTSI, Transocean. Again, they’ve already moved, but after a pullback, I think these stocks will outperform the broad avg’s.