Post by retiredcfon Jul 25, 2025 6:49am
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Post# 36656371
Technical Analysis
Technical AnalysisHave been away most of the week so just catching up; this was from Monday. Last stock in the clip; he and his family also own it personally. GLTA
https://www.bnnbloomberg.ca/markets/2025/07/21/keith-richards-top-picks-for-july-21-2025/
TOP PICK
Arc Resources Ltd(ARX-T)
Jul 21, 2025
Near the bottom of a trading pattern. Uptrend. Hitting a bit of resistance, but touching the longer-term trendline. The lows are getting higher, nothing's breaking down. He just added another 2% to his position. Decent dividend yield of 2.82%.
(Analysts’ price target is $34.53)
Owned
Keith Richards
$26.880
COMMENT
Jul 21, 2025
Natural gas.
His big theory in the market is that hard assets are coming into a big cycle. Likes natural gas more than oil. Government in Canada is very encouraging on nat gas. European markets are very strong for nat gas.
Nat gas is making a nice bottom; higher highs and higher lows, has broken out from the base. Quite bullish on nat gas as a longer-term theme, and it should translate to the producers over time (with some lag). If you hold gas over the next year or so, it should play into that longer-term cycle.
Typically the commodity will lead the producer, because the market wants to see if the commodity move will add to profitability for the producers.