Keystone FinancialAttended the Toronto MoneyShow last Friday and caught Ryan Irvine's presentation. At the conclusion of his general remarks, he offered up 5 stocks that they think have the potential to be a 10 bagger. The last of them was XTC. GLTA.
(and response)
It should be noted that Ryan Irvine, though he likes and recommends Exco, says it will NOT be a ten bagger but that there is a risk-assymetry with the name. He means by this that the upside more than outweighs the potential downside. The company is nearing the end of a heavy CapEx cycle and with the spend mostly out of the way, the profits will start to roll in significantly. In the meantime, he explains, you get the nearly 5+% dividend. So while not 10x potential, XTC could easily double or even triple if it delivers on its 2026 $1.50 EPS goal. YE2024 is only a few weeks away.