Exit Case: Obsidian Energy Ltd. (TSX: OBE)

Overview: Obsidian Energy Ltd. (TSX: OBE) is a mid-sized oil and gas producer with strategically located assets in Alberta. Operating within a single reporting segment—exploration and development—the company holds interests in oil and natural gas properties, along with related production infrastructure in the Western Canada Sedimentary Basin. The bulk of its revenue comes from crude oil sales. OBE has been a part of the 'Momentum Model Portfolio' since March 10, 2025. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the closing price of CAD 8.62 as on April 01, 2025.

OBE’s Daily Chart

New Entry Case: Coveo Solutions Inc. (TSX: CVO)

Overview: Coveo Solutions Inc. (TSX: CVO) specializes in applied artificial intelligence (AI) to enhance digital experiences. Its AI-powered platform equips businesses with tools to create more personalized and relevant interactions, helping to drive significant improvements in key performance indicators (KPIs) across enterprises.

Technical Analysis: On the daily chart, CVO’s price is holding above a key horizontal trendline support zone, suggesting the potential for an upward move. Additionally, the 14-period Relative Strength Index (RSI) is rebounding from lower levels, currently around 47.00, indicating strengthening momentum. Furthermore, the price remains above the 21-period Simple Moving Average (SMA), reinforcing the bullish outlook.

CVO is recommended as a new entry in the 'Momentum Model Portfolio' as on April 02, 2025. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the closing price of CAD 5.61 as on April 01, 2025.

CVO’s Daily Chart

Support and Resistance Summary (As on April 01, 2025)

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 April 01, 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.