Category: Non classé

  • Talk Crude to Me: Bonterra Energy (TSX:BNE) — Canada’s Light Oil Underdog

    (This article is from October 2025. Stock went up a lot, time to revisit) History Bonterra Energy Corp. is a long-standing oil and gas production company. Historically, it was a focused Pembina Cardium play. The Pembina region of the Cardium has long been a petroleum-producing hub in Alberta in terms of pure conventional oil, i.e.,…

  • PeopleIn ($PPE.AX): Positioned to Win Gold at Brisbane 2032

    Business PeopleIN is one of the largest Australian workforce solutions companies, operating as a family of specialized recruitment and labor-hire agencies. The company screens, recruits, trains, and employs casual, part-time, and permanent staff for over 4,200 clients. Since its IPO in 2021, PeopleIN has remained responsible for all wages and remuneration, charging customers based on…

  • Euronet (NasdaqGS:$EEFT): An Integrated Payments Play

    Business Euronet operates across three main segments: EFT Euronet is one of the world’s largest independent ATM operators. It earns revenue from customer surcharges and dynamic currency conversion fees, as well as fees charged to financial institutions whenever their customers use independent ATMs. The challenge is that regulatory committees in various countries often prevent fee…

  • $NAII: Chronicles of a Failed Investment

    Rationale I found this company back in July 2023, when I originally started tracking my investment portfolio. In short, this is a company that provides private-label manufacturing for fitness products, i.e., powders, supplements, etc., in addition to having patent rights to something called beta-alanine. The company had explosive growth during the pandemic years and decided…

  • Civeo Q3 2025 Earnings — Notes

    Positives on the turnaround Cost-cutting and cold-closing continue to show tangible progress. Accommodation gross profit margin improved again, reaching 27.38%, up from 25.71% in the previous quarter and 17.87% a year earlier. The share buyback program is moving steadily forward. With 69% of the authorization already completed, the company remains on track to reduce its…

  • Civeo Corp (NYSE: $CVEO) : Betting on Beds Without Losing Sleep

    History, Acquisitions & Foundation Laying: These paragraphs are extracted from the 2024 10-K report to explain what the company does. There is no need for me to paraphrase what they do, since they do a better job explaining it than I could. On the company’s history: It was founded in 1977 as a rental company…

  • Liberty Latin America: Spin-off and Deleveraging Story

    Business: Liberty Latin America is an international provider of fixed, mobile and subsea telecommunication services, residential as well as B2B, across 20 countries in Latin America and the Caribbean through C&W Caribbean, C&W Panama, Liberty Puerto Rico and Liberty Costa Rica. As you can see, the company is pretty big in the region. They have…

  • Where My Money Sits in 2025

    Hello, this is my portfolio in 2025 and some thoughts on my current positions. You will find my cost basis and % weight of the portfolio beside each ticker. I am posting this very late in the year, but I didn’t have time to do it earlier. Supremex (XTSE:SXP) / Cost Basis: 4.06CAD , Weight:…

  • Outokumpu Oyj ($OUT1V.HE): Investing in Steel without getting Scrapped.

    Outokumpu Oyj ($OUT1V.HE): Investing in Steel without getting Scrapped.

    “Buy not on optimism, but on arithmetic.” – Benjamin Graham Understanding Stainless Steel: Market Overview, Pricing, and Key Concepts In short, stainless steel is an alloy of iron with a maximum carbon content of 2.1%; in fact, the carbon percentage can range from 0.03% to 1.2%. Stainless steel contains a high amount of chromium (a…

  • Portfolio Anniversary Review: Returns, Positions & Outlook

    Portfolio at 01/08/2024 Portfolio at 01/09/2024 Returns & Some Thoughts (Returns at 01/08/2024, Screenshot from Interactive Brokers) I started my current portfolio with my current investment strategy of finding small undervalued stocks on August 1, 2023. It has been a wild ride since then. As soon as I began, my portfolio instantly dropped by 20%,…