Commodity Stock Watchlist for the Week

I am still noticing alot of Canadian energy stocks that are set-up for breakouts, as well as some familiar names in the lithium and precious metals space.

Akita Drilling - Market cap $70 million Canadian

I took a position in this small oil services stock this week, it had double average weekly volume and broke above some key near term resistance. The stock was once over $8 in 2018, it has gotten extremely beaten down over the last few years and is on the upswing again as the bull market in energy begins. They released earnings this week and had their best quarter since 2006, they continue to aggressively pay off debt, and a significant re-rate is likely underway here. Worth looking into.

Brunswick Exploration - Market cap $152 million

This stock has a huge retail following and owns alot of highly prospective lithium territory in Canada. It’s on my watchlist for a big breakout, they are drilling right now. I think if the results can impress, alot of people are going to flood into this name, and it could get silly. I am sitting on the sidelines for now but watching very closely.

Collective Mining - Market cap $355 million Canadian

I wrote a report about this stock previously and traded it for a quick 60% gain earlier this year on it’s run up. I remain extremely bullish and think there could still be alot of upside here. The stock has been consolidating tightly, I am waiting for an upside breakout to re-enter the trade here.

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