Weekly Watchlist, Sep.16, 2023
The energy theme continues to look bullish as uranium and oil stocks continue to outperform and break out of consolidation patterns.
Tamarack Valley Energy - Market Cap $2.3 Billion Canadian
The stock is actually down a little bit YTD, but things are starting to look promising. Nice volume came into the name last week as it broke out of an important zone. This is one of the best sectors to be involved right now, the stock also pays a 4% dividend which has the potential to increase as earnings improve.
Azincourt Uranium - Market Cap $12 million Canadian
Uranium stocks have been on a tear recently, Azincourt was over 29 cents a share in 2021, it’s possible we could get back there if this run is anything like that. Huge volume came into this stock last week on it’s breakout, there is still some resistance to clear through, but it’s definitely one worth watching here.
Encore Energy - Market Cap $600 million Canadian
A great week for another uranium stock, it broke out of an important trading range and cleared lots of resistance on volume, as people poured into the stock. It also broke out against the $SPX, Encore has acquired some nice domestic uranium projects and the fundamentals look good for the company here, worth looking into.
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