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Buzz on the Bullboards: On the verge of recession? These stocks could be a lifesaver

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TSXV:NFG
09 June 2022 09:00 (EST)

(Photo of mineralization from NFGC-22-593 at ~22m down hole depth. Image via New Found Gold Corp.)

Welcome back to Buzz on the Bullboards. It has been a busy week for markets and investors alike. Each new twist has sent currencies and commodities bouncing up and down, and no one can figure out where the middle ground lies.

But the motion of individual companies is easier to get a grasp on, and the Bullboards have been alive debating some of the biggest names and movers over the past week. It’s important for an investor to spend some time outside of their own head and gauge where their peers are at, and as always, Stockhouse users have been taking advantage of the chance to connect.
 


This week, New Found Gold (TSXV:NFG, Forum) announced its high-grade gold findings from its drill program at the Keats Zone on its Queensway Project.

The 39 holes were drilled to further define and expand the network of high-grade gold veins and associated structures at the Keats Zone.

New Found Gold stated almost half of the 400,000-metre drill program at Queensway has been completed with roughly 21,700 metres of the core still pending assay results.


 
Athabasca Oil Corporation (TSX: ATHForum) will be added to the S&P/TSX Composite Index prior to the opening of trading on June 20, 2022.

In an operational update, the oil and gas company completed a two-week plant turnaround at Leismer in May on schedule and on budget. Bitumen production has since been restored to ~20,000 bbl/d. It expects the asset to exit the year at ~21,000 bbl/d as the five initial well pairs on Pad L8 ramp-up to plateau production. Athabasca is forecasting 2022 production to be in the upper range of 33,000 – 34,000 boe/d.


 
TAAT Lifestyle & Wellness Ltd. (CSE: TAATForum) products are now sold in more than 100 franchised stores belonging to a major global convenience chain. This represents an increase of more than 80 stores in just eight weeks following an initial placement in 23 stores in Southern California.
 


Tilray Inc. (NASDAQ: TLRYForum) medical cannabis brand, Aphria, has launched a CBN night oil for medical cannabis patients in Canada.

The night oil is the brand’s first CBN oil medical product formulated for patients’ nighttime use. CBN, or cannabinol, is derived from THC and is known to help improve the duration and quality of sleep.

The discussions on the Stockhouse Bullboards are always ongoing. They give Members and visitors a chance to celebrate, speculate, and when necessary, vent about the companies you care about the most. For previous editions of Buzz on the Bullboards: click here.

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