Exit Case: Algonquin Power & Utilities Corp. 

Overview:

Algonquin Power & Utilities Corp. (TSX: AQN) headquartered in Oakville, Ontario, is a diversified international utility company. Through its operating business, Liberty, AQN delivers regulated electricity, water, and natural gas utility services to over 1.2 million customer connections across North America, including the United States, Canada, Bermuda, and Chile.

AQN has been a part of the ‘Growth Portfolio’ since 10 Sep 2024, however, considering decent rally in the share price of the stock, an ‘Exit’ is recommended from the stock at the price of CAD 8.350, (as on 9^th May 2025).  

1.1 Support and Resistance Summary as provided in our last published report dated 10 September 2024.

Algonquin Power & Utilities Corp. (TSX: AQN) 

New Entry Case: Whitecap Resources Inc. 

Overview:

Whitecap Resources Inc. (TSX: WCP)  is a Calgary-based Canadian energy company specializing in the acquisition, development, and management of petroleum and natural gas assets. The company focuses on properties with significant discovered petroleum initially in place and low current recovery factors, primarily producing light, sweet crude oil. To efficiently extract hydrocarbons, Whitecap employs advanced techniques such as horizontal drilling and multistage fracturing.

Technical Analysis: On the daily chart, WCP prices are trading above a support, indicating positive momentum. The 14-period Relative Strength Index (RSI) stands at approximately 48.48, reflecting a buying interest. Additionally, prices are positioned above the 20-period Simple Moving Average (SMA), which could serve as a support level. The key support for stock is at CAD 6.75, while the critical resistance level is at CAD 8.89.

Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Growth Portfolio’ at the closing market price of CAD 8.04, as on (as on 9^th May 2025).

 2.1 Support and Resistance Summary (as on 9^th May 2025)

2.2 Whitecap Resources Inc.  (TSX: WCP)  

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (9^th May 2025). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.