Author: Alexander Lee

Tourmaline Oil Corp (TSX:TOU) has entered into an agreement to acquire all outstanding common shares of Crew Energy (TSX:CR) for a total consideration of C$1.3 billion. This all-stock transaction values each Crew share at C$6.69, with 18.778 million Tourmaline common shares being exchanged. The transaction is anticipated to close on October 1, 2024. Tourmaline Oil Corp. opened trading at C$58.52 per share, while Crew Energy Inc. opened trading at C$6.45 per share. Tourmaline’s acquisition of Crew Energy aligns with its consolidation strategy under the National Energy Code of Canada to bolster its long-term growth plan. This acquisition will significantly enhance…

Ohio has recently granted its first sales licenses through the Division of Cannabis Control, allowing 98 dispensaries to commence operations for both recreational and medical customers. This development follows a majority vote in favor of recreational sales in November, permitting individuals aged 21 and above in Ohio to possess specified quantities of cannabis products. For more comprehensive information on this subject, please refer to the full story available here. In other industry news: 1. A notable retail-focused enterprise has successfully closed a $15 million subordinated debt facility. 2. A leading provider of branded cannabis products has reported consistent improvement in…

The recent decrease in inflation numbers in the United States has alleviated concerns about a recession, leading to a positive trend in the Canadian equity markets. The S&P/TSX Composite Index has seen a 5% increase from its recent low and is currently trading 8.6% higher for the year, being just 1.9% below its all-time high. Despite the overall improvement in investor confidence, some stocks on the TSX are experiencing pressure and have depreciated significantly from their 52-week highs. Two such stocks have seen a decline of over 25% in their stock value compared to their peak levels. However, considering their…

The recent decline in inflation rates in the United States has alleviated concerns about a recession, leading to a positive impact on the Canadian equity markets. The S&P/TSX Composite Index has shown a 5% increase from last week’s low and is up by 8.6% for the year, while still remaining 1.9% below its all-time high. Despite the overall improvement in investor confidence, some stocks on the TSX are facing pressure and have experienced significant declines in value compared to their 52-week highs. Two such stocks, while having lost over 25% of their value, present long-term growth potential and are currently…

Investing for retirement is a crucial step in achieving financial security in the future. By investing in top-performing stocks that offer growth and dividends, individuals can build a portfolio that will support them in their retirement years. One such stock to consider is a large corporation operating convenience stores in North America and Europe. This company has consistently provided growth and dividends to its shareholders, with a recent expansion into the European market showcasing strategic acquisitions that enhance its operations. With impressive revenue and earnings growth over the past decade, this stock has delivered significant returns to its investors. Another…

Investing in Canadian deep-value stocks can provide investors with a compelling alternative to high-growth, large-cap technology stocks, commonly known as the “Magnificent Seven.” Historically, Canadian deep-value stocks have yielded average annual returns of 10-12% over extended periods. These stocks typically trade at a considerable discount to their intrinsic value and often have low Price/Earnings (P/E) ratios. Unlike the high returns seen by the “Magnificent Seven” during peak performance years, deep-value stocks tend to be less volatile and offer more downside protection. This makes them an attractive option for investors seeking both capital preservation and growth. Canadian deep-value stocks can provide…

Canopy Growth, a leading North American cannabis company, reported positive improvements in free cash flow, gross profitability, and adjusted EBITDA in the first quarter of fiscal 2025. Despite these improvements, the company is still experiencing a loss of cash. Key highlights from Canopy Growth’s Q1 2025 financial performance include a decline in revenue due to divested businesses, an increase in gross profit by 67 percent year-over-year, and a consolidated gross margin of 35 percent. The company also saw improvements in its Canadian cannabis segment through cost savings programs and higher-margin medical sales. In the Canadian cannabis division, Canopy Growth experienced…

Trillion Energy International (CSE: TCF) has announced an increase in production from its 49% ownership of the SASB natural gas field located in the Black Sea offshore Turkey. Four perforated wells have yielded a total of 140 million cubic feet of natural gas since entering production between July 9 and July 28. Trillion Energy International is a company engaged in the oil and natural gas sector, supplying the Turkish and European markets. The company’s stock has experienced a decline of 93.03% year-over-year. The recently drilled long-reach deviated wells, including Guluc-2, South Akcakoca-2, and West Akcakoca-1, along with the recompleted legacy…

Investors looking to capitalize on the growth of artificial intelligence (AI) should explore opportunities beyond tech companies. Various industries stand to benefit from the expansion of AI infrastructure and the implementation of customized AI solutions. One such company is TC Energy (TSX:TRP), a leader in energy infrastructure. Despite not being traditionally associated with AI, TC Energy highlighted the potential for AI growth in its recent Q2 2024 financial results. This acknowledgment has contributed to a 12% increase in TC Energy’s share price over the past month, currently trading around $60 per share. With over 90,000 km of natural gas pipelines…

Telus Corp. has announced the return of its esports series, with a new partnership with Android to expand its reach. The Canadian telecommunications company is now inviting gamers from across North America to participate in the tournament, which will feature popular games such as Apex Legends, Rocket League, and Valorant. In its fourth year, the Telus esports series is offering a cash prize pool of C$50,000 to gamers. This initiative aims to bring gaming enthusiasts together and provide them with an opportunity to compete and connect in a supportive environment. Amit Nag, Vice President of Smarthome, Entertainment, and Transformation at…