1. Exit Case: Valeura Energy Inc. 

Overview:

Valeura Energy Inc. (TSX: VLE) is an upstream oil & gas company, with a clear strategy to add value for shareholders through growth. The Company is expanding operations organically and through acquisitions in Southeast Asia, focussing on assets with immediate or substantial near-term cash flow, with imbedded reinvestment opportunities.

VLE has been a part of the ‘Growth Portfolio’ since 22 April 2025, however, considering a rally in the share price of the stock, an ‘Exit’ is recommended from the stock at the price of CAD 7.92, (as on 12^th May 2025).  

1.1 Support and Resistance Summary as provided in our last published report dated 22 April 2025.

Valeura Energy Inc. (TSX: VLE)

2. New Entry Case: Pason Systems Inc. 

Overview:  

Pason Systems Inc. (TSX: PSI) is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company's primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office.

Technical Analysis: On the daily chart, PSI prices are trading in a positive momentum. The 14-period Relative Strength Index (RSI) stands at approximately 52.71, 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 9.80, while the critical resistance level is at CAD 13.10.

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 11.70, as on (as on 12^th May 2025). 

Pason Systems Inc. (TSX: PSI) has been identified as the new entry to our Growth Portfolio.

2.1 Support and Resistance Summary (as on 12^th May 2025)

2.2 Pason Systems Inc. (TSX: PSI)

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 12^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.