1. Exit Case: Calfrac Well Services Ltd. 

Overview:

Calfrac Well Services Ltd (TSX: CFW) provides specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and other well completion services to the oil and natural gas industries in Canada, the United States, Russia, and Argentina. It generates maximum revenue from the United States.

CFW has been a part of the ‘Growth Portfolio’ since 18 September, 2025, however, considering the recent rise in the share price of the stock, an ‘Exit’ is recommended from the stock at the last closing price of CAD 4.15, as on 24 December, 2025.  

1.1 Support and Resistance Summary as provided in our last published report dated 18 September 2025.

1.2 Calfrac Well Services Ltd

 2. New Entry Case: Digi Power X Inc. 

Overview:  

Digi Power X Inc. (TSXV: DGX) is an innovative energy infrastructure company that develops Tier III-certified modular AI data centers and drives the expansion of sustainable energy assets.

Technical Analysis:

On the daily chart, DGX has been in a corrective phase since peaking above the CAD 8.00 level in late October, with price gradually trending lower and currently trading around CAD 3.7 - 3.8. After a sharp pullback, the stock appears to be stabilising above the CAD 3.50 support zone, suggesting selling pressure is easing and a base may be forming. The recent price action shows reduced volatility and tentative higher intraday lows, which can be an early sign of consolidation after a deep correction. The RSI is currently around 39.4422, indicating improving momentum and moving away from oversold territory. Key support lies at CAD 3.22, while the next major resistance level to watch is CAD 4.41.

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 3.68, as on 24 December 2025. 

2.1 Support and Resistance Summary (as on 24 December 2025)  

2.2 Digi Power X Inc.

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 24 December 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 Growth of investments can go up or down.