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Buzz on the Bullboards: Favourites in the Hot Sectors

Stockhouse Editorial
4 Comments| September 16, 2021

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(Image via Desert Mountain Energy Corp. Click to enlarge.)

The fact that all companies are basically "fair game" on the Stockhouse Bullboards is one of its top highlights.

In our review of the weekly top 6 most viewed companies by sector, newcomers might expect big household names to dominate the charts. What they find instead is that Stockhouse investors are clued in at all levels of investment.

Suncor Energy Inc. (TSX: SU, Forum) announced recently that it had entered into a conditional agreement to increase its interest in the White Rose asset subject to a restart decision on the West White Rose project.

As part of the conditional agreement, the operator, Cenovus Energy Inc. (TSX:CVE, Forum) will complete a restart evaluation for the West White Rose project by mid 2022. Should the project economics be robust enough to lead to a restart decision, Suncor has agreed to increase its interest in the White Rose offshore field by 12.5% (from 27.5% to approximately 40%) in exchange for a cash payment by Cenovus to Suncor. Suncor would assume capital commitments on the 12.5% additional interest on a go-forward basis only.

Suncor and Cenovus are joint venture owners of the White Rose asset joint venture. They are also joint venture owners of the West White Rose with Nalcor Energy.

What the "Buzz"

Our Bullboards have up to 2 Million pageviews a day. Get the inside scoop on conversations around the most significant trends and stock appreciations in our weekly wrap up.

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This week, Crescent Point Energy Corp. (TSX: CPG, Forum) released news that it had approved an increase to the company’s quarterly dividend as a result of significant progress made on improving its balance sheet strength and sustainability. Crescent Point is also pleased to announce its preliminary 2022 budget, which is expected to generate significant excess cash flow that leads to additional balance sheet strength and the opportunity to create further shareholder value.

Key highlights:

  • Accelerating shareholder returns by increasing quarterly dividend to $0.03 per share alongside continued net debt reduction.
  • Preliminary 2022 outlook for production of 131,000 - 135,000 boe/d and development capital expenditures of $825 - $900 million.
  • Expected excess cash flow generation of $625 - $875 (USD) million in 2022, after dividends, at $65/bbl - $75/bbl (USD) WTI.

Desert Mountain Energy Corp. (TSX-V: DME, OTCQX: DMEHF, Forum) has finished testing its well #4 and those results show that the company was successful in discovering another new helium field in Arizona.

Gas samples from testing were sent to independent laboratory for gas chromograph analysis which confirmed the presence of commercial quantities of helium. During drilling operations, the company encountered helium in a total of 14 zones at various depths with an inferred and confirmed total thicknesses of helium bearing zones.

The company's geologic team has gained further excellent insight into water free production from naturally fractured formations. This may result in lowering the long-term production costs more than 43%.

Turning to our weekly investor insight poll, a jump in oil prices lifted energy stocks to a two-month high this week. What does this mean for your portfolio? Let us know your thoughts by clicking the image below.

(Click image to vote.)

Looking at last week's poll, it is clear that the electrification movement is gaining momentum among investors that often "test the waters" with less established market plays.

Plasma tech company PyroGenesis Canada Inc. (TSX-V.PYR, Forum) has received an order for high-powered plasma torches and ancillary equipment.

This $6 million order comes from a multi-billion-dollar international producer of iron ore. The client’s objective is to reduce greenhouse gases by replacing its fossil fuel burners with PyroGenesis’ proprietary plasma torches.

Once the torches are successfully installed and implemented, the client has indicated that it plans to order an additional 130 plasma torches.

The company pelletizes iron ore, which is the process of concentrating the ore before shipment, which significantly reduces transportation costs and provides feedstock for blast furnaces. Conventional processing technologies use fossil fuels or natural gas burners to concentrate the iron ore, both processes which are environmentally damaging.

PyroGenesis’ clean plasma torches eliminate the need for fossil fuels or natural gases to be used, thereby reducing greenhouse gas emissions.

Peter Pascali, CEO and Chair of PyroGenesis, commented on the order.

“We cannot overemphasize the opportunity this order presents,” he said. “Although nothing is certain with respect to success and/or future contracts, and there are always risks as we move forward, we can now say without a doubt that we are on the right path and things are evolving in the right direction.”

According to Mr. Pascali, the iron ore pelletization industry “is expected to grow at 3.0% pa from 2021 to 2027.”

Given recent sales, and the fact that the torches are expected to last 25-30 years, PyroGenesis has revised the estimated net present value of each torch sale to be approximately $7 million.

On a mission to provide tools that support companies in fulfilling their operational goals, Datametrex AI Ltd. (TSX-V: DM, Forum) signed a COVID-19 testing service agreement with a major media and entertainment company in September 2020.

Backed by a suite of health and safety, using predictive and preventive technologies, the AI tech company announced that the projected revenue on the project has exceeded its previous revenue guidance.

Based on discussions when signing the agreement, Datametrex management anticipated that the aggregate dollar amount of revenue was expected to be around $20M for the initial nine months.

The company has recorded revenue of approximately $26 million for the first nine months of the agreement, exceeding expectations and showcasing the company’s ability to meet this need.

Datametrex has exposure to artificial intelligence and machine learning through its wholly-owned subsidiary, Nexalogy.
Given the increased demand around COVID-19 testing for new and returning shows, Datametrex now anticipates that the agreement will generate up to $50 million for the full fiscal year.

Marshall Gunter, CEO of Datametrex, commented on the update.

“We are thrilled to exceed the anticipated target,” he said. “Datametrex remains committed to the film industry in Canada to help ensure the health and safety of the individuals working on sets and in production offices.”

(Image via Datametrex AI Ltd.)

With technology that offers patented and patent-pending AI imaging solutions, NexOptic Technology Corp.’s (TSX-V: NXO, Forum) has begun the latest phase of integration of its ALIIS imaging solutions into Qualcomm 5G chipsets. ALIIS is a machine-learning AI suite that provides instant enhancements to images and videos.

Previous phases integrated ALIIS onto 2019 Snapdragon chipsets and delivered real-time video enhancement at 720p 30FPS. Now, thanks to ALIIS algorithm advancements and performance gains in Qualcomm’s AI accelerator, the new integration into Qualcomm’s camera firmware has already yielded faster processing abilities at higher resolutions.

This collaboration provides OEMs and ODMs with a high-quality reference implementation that can be adapted into a variety of applications and use cases. NexOptic is a Qualcomm Advantage Network ecosystem partner, benefitting from global marketing initiatives and business development opportunities within Qualcomm’s customer network.

Rich Geruson, NexOptic's Chairman, stated,

“As our AI solutions become more advanced, we’re able to provide an increasing number of imaging solutions for customers to select from, separately or in customized bundles. It’s exciting to be able to leverage the ingenuity and power of partners like Qualcomm to create and deliver such cutting-edge solutions.”

Therma Bright Inc. (TSX-V: THRM, Forum) has uplisted from the OTC Pink Sheets to the OTCQB Venture Market under the symbol TBRIF.

“We're excited to be up-listed to the OTCQB, which is an important milestone for Therma Bright,” shared Rob Fia, CEO of Therma Bright. “The OTCBQ affords us greater visibility within the US investment community, which should enhance our liquidity and increase our access to institutional and retail investors. This additional capital markets exposure will be invaluable as we continue to buildout our AcuVid, Venowave, Benepod and other product lines, along with their US and global distribution sales channels.”

The OTCQB is designed for developing and entrepreneurial companies in the United States and abroad.

The OTCQB is recognized by the United States Securities and Exchange Commission as an established public market providing public information for the analysis and value of securities.

Therma Bright is a medical device technology company focused on providing consumers and medical professionals with medical devices that address medical and healthcare needs.

(Image via Canopy Growth Corp.)

Cannabis, hemp, and vaporization company, Canopy Growth Corp. (TSX: WEED, Forum) announced the launch of the its first-ever CBD vape, whisl. This nicotine-free CBD vaporizer is designed, as the company says, “to deliver the wellness effects of CBD from morning, throughout the day and into the night.”

The design incorporates custom, interchangeable pods. The vape offers three uniquely formulated options to help consumers dial in to their desired effect – focus, calm, or winding down before bed – as their needs and activities shift throughout the day, including:

  • Tune In Pod: Focus on the task at hand
  • Intermission Pod: Relax throughout the day
  • Fade Out Pod: Get ready for bed

Crafted with Canopy Growth's category-leading science and rigorously tested for quality, safety, and efficacy, whisl offers a convenient and immediate way to manage your mood and experience the benefits of CBD – conveying effects within seconds or minutes as compared to longer onset CBD ingestibles.

Vice President, Global Vape Business at Canopy Growth, Andy Lytwynec said that the team is pioneering the concept of using CBD to help consumers manage their moods at any given time of day.

“With whisl, we want to empower consumers to quickly achieve focus, calmness or prepare for sleep with a modern CBD solution that is fast-acting and can fit seamlessly into anyone's daily routine.”

Each whisl pod contains 200 mg of premium CBD isolate, a purified form of CBD, sourced from licensed hemp providers within the United States and no THC.

Rapidly growing global telemedicine company, Reliq Health Technologies Inc. (TSX-V:RHT, Forum) continues its expansion in Texas, with additional contracts to provide its proprietary iUGO Care platform. Through its partnership with Maxlink Health, it will be providing its services to an additional three physician practices in Dallas, Texas.

Maxlink Health, a Tele Healthcare and Population Management Company, provides Business Process Outsourcing services for effective Care Management and Telehealth Solutions.

For a video diving into this in more detail, click here.

As trading picks up in the autumn season, you can expect more attention and heated discussion on the Stockhouse Bullboards, so make sure you’re up to date on what’s happening in the community.

Next week, we’ll continue to bring you the buzz around the hottest sectors and companies. For previous editions of Buzz on the Bullboards: click here.

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FULL DISCLOSURE: PyroGenesis Canada Inc. and Datametrex AI Ltd. are clients of Stockhouse Publishing.

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