Prospera Energy Inc. (TSXV: PEI): A Remarkable TurnaroundThough still flying under the radar for many investors, Prospera Energy Inc. is proving to be a rising star in the oil and gas industry. The restructured company is making waves with its strategic approach to oil production and significant achievements under the leadership team. With a current market capitalization of $38 million and 2022 year-end reserve value of $72 million, Prospera is focusing on optimizing production and expanding its portfolio which positions the company as a promising player in the Canadian oil and gas market. With a dynamic leadership team at the helm, successful optimization initiatives and a strategic development plan, the company is well-positioned for future growth. As management continues to expand operations, optimize production, and diversify the company‘s portfolio, Prospera is expected to soon become a recognized force in the Canadian oil and gas sector.
Prospera focuses on properties in Saskatchewan heavy-oil (13-17 API) and Alberta medium-light oil (24+ API) holding an estimated 400 million barrels of untapped oil with roughly 9% recovered.
Samuel David, who became CEO in 2021, has implemented a successful restructuring plan, reducing production costs from $68 to as low as $34 per barrel of oil equivalent (boe) and increasing the Net Present Value (NPV) of its properties to $72 million (from -$3.4 million prior to restructuring).
The company conducted a horizontal well program, and medium-light oil development in 2023. As a result, Prospera exceeded 2023 year-end production target of 1,800 barrel of oil equivalent per day (boepd) with the capability of 2,200 boepd. Prospera emerges as a promising investment opportunity in the oil and gas sector, combining strategic planning, technological innovation, and a commitment to growth. With a well-funded development plan and a focus on optimizing production, the company is strategically positioned to capitalize on the increasing global demand for energy.
GLXY GALAXY DIGITAL HOLDINGS EW COUNTGLXY showing weak rally off the lows with BTC.D flexing its muscle and sucking the market cap out of alts to push higher.
However, another alt pump may be approaching (or may have started).
GLXY under $5.00 is good area to start accumulating (depending on your outlook on markets), under $4.00 is even better.
Currently, favoring the count as wave (5) of ((3)) already ended and start of corrective ABC in progress with current pullback as a wave (ii) of the ABC.
THIS can be wrong, and investors/traders should always take into considering the trade/markets can go against them.
I do favor another leg higher before we retest the lows or even resume lower, with final target in that $12.00-$13.00 area (0.236 fib retracement, which should normally start at the beginning of wave 1, but with the small difference between the high and wave 2, I'd rather be modest and use a lower target approach as the wave 2 can also just be a wave B).
Can compare previous 'lows' or local bottoms and see how GLXY moves at the lows. Can see the bear trap setup before pushing higher.
I believe downside is limited here even if it breaks below current low (importance of DCA, risk management and stop loss).
Green Thumb: Over the hurdle 🚧The price of Green Thumb continued to work on establishing itself above the resistance at C$16.15 last week. Although it briefly fell back to the mark, it quickly reacted and turned upwards again. We expect the magenta-colored wave (iii), which the share is currently working on, to extend a good deal further upwards. This should be followed by a countermovement, which, however, is likely to be replaced by renewed gains at a considerable distance from the mark, which should lead to the high of turquoise wave 1.
Bullish on DronesThe USA has banned the use of all Russian and Chinese drowns. This is the wait that we have all endured now. With stocks like Dragonfly and drone Delivery Canada... its a perfect opportunity to generate revenue and have a stronger position in the markets in North America. I expect this stock will reach and brake $1 by mid March beginning of April. This is just my feeling and prediction.
Time to enter Long TD BANKPrice is more than likely going to stay within this price range from this point forward as even though the monthly timeframe is producing a bearish sentiment the smaller timeframes such as the weekly daily and four hour timeframe are receiving price action from buyers as it is being propped up around the high 70s or 79$ range. Ive got a daily to the left and four hour to the right currently price is receiving buying volume as shown to the bottom left at these prices which in turn has produced a possible reversal long entry to the upside as we reach a range in price which it bounced back up for a 5% gain based on previous times it had hit this price target.
RSI indicator to the right is just below 50, weve got the macd and signal line crossing over each other, the bullish histogram (represented in purple rather than green) is in bold good sign, and the selling was diminishing as should in the smaller histogram ( in red)
recalibrated Fib tool as standard deviation modelI dumped all the default values and only use 5 of them: 0 .15865 .50 .84135 and 1.
now when you stretch this over any desired range you get some amazing insites to the upside or down side. example stocks always whiplash us out and do crossovers, so adjust fib tool such that the crossover range is lined up from 0 to .15865, in doing so you paint out the payday the market wants for the risk it took on the crossover.....happy trading
Another uranium stock squeezing its way to a decision! This diversified mineral explorer stock is closing in on a decision!
Note: CEO Warren Stanyer is a regular buyer of this stock -- owning 13% relative to other top shareholders.
volatility tip off for bottom fishingthe target for the year is 3.88 , if you measure the range from the dip to the target you get confirmation of you bottom, you won't be flushed if you use this format in conjunction with the risk reward profile for the yearly view timeframe to get your max shares. You can also increase your risk reward ratio should the price drop by adjusting the risk reward line towards the stop price range such that you go from 1 to 1 risk reward to 4 to1, its a great way to fight back the whiplashing that surely will occur
Nova Leap Healthcare To the MoonNova Leap Health Corp. is a company specialized in home health care services, operating primarily in the United States and Canada. It's known for its growth through acquisitions, particularly in the fast-growing home health care industry. Nova Leap focuses on delivering care with an individual and family-centered approach, with a special emphasis on dementia care. The company has gained recognition for its rapid expansion and has been ranked highly in Canada's Top Growing Companies.
In recent years, Nova Leap has continued its expansion in the U.S., including strategic acquisitions in the Midwest, particularly in Kentucky and Indiana. This move complements their existing operations in Ohio and is part of their strategy to expand their footprint in the Midwest and Southern regions.
The corporate headquarters of Nova Leap Health Corp. is located in Halifax, Nova Scotia, Canada. The company aims to grow further through a combination of more acquisitions and organic growth, mainly focusing on North American companies.
Argonaut Gold - Double Bottom Pattern I noticed that the stock Argonaut Gold followed double bottom pattern and a change in long term down trend to uptrend . Targets may be a double in longer term. This may be one of the life long opportunity to invest in it. I hope this will help to learn or find a double bottom pattern for the profit making trend analysis. All the best
EGLX likely upside from hereThe stock, which plummeted from its peak during the 2021 stock mania, has been in decline for the last few years. Recently delisted from NASDAQ, this small-cap company stands out from others affected by the mania, as it generates income. I believe the selling pressure has subsided, making it a prime time to consider a speculative investment. If management can effectively manage expenses and employee stock issuance, this company has the potential for substantial growth, especially given the rising popularity of Esports and gaming content.