Etsa Forget Tesla (NASDAQ:TSLA): This EV Stock Is Doing 8x Better!
Cannabis stocks have passed through a very difficult year. Canopy Growth TSX:WEED is a Toronto-based cannabis producer that is engaged in the production, distribution, and sale of cannabis and hemp-based products for r
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ecreational and medical purposes in Canada, the United States, and Germany. Today, I want to discuss why this is my top pot stock to snatch up in December 2022.Here s how this pot stock has performed in 2022Shares of this top pot stock have plunged 72% in 2022 as of early afternoon trading on December 23. The stock has fallen 32% over the past month. Investors can look at its recent performance in the interactive chart below.Should you have faith in the cannabis space going forward Investors flocked to cannabis stocks following the announcement that Canada would pursue recreational legalization back in
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2015. At the time, there was supreme confidence in an industry where it looked like the
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sky was the limit. However, the realities of domestic legalization have somewhat s Fxvf Recession Fears: 3 Stocks to Stash Your Cash in
Canada has the third-largest oil reserves in the world, and it is the fourth-largest oi
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l producer and exporter. In the last recession, Canada fared much better than the rest of the world, and esp
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ecially better than the U.S., partly because of our strong energy sector. But now that strength is slowly seeping away.The pan
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demic is the primary catalyst for drying up the demand for oil across the globe. So much so, that hundreds of oil tankers are now stuck at sea, filled with oil that nobody wants. The Saudi-Russia oil war worsened the situation, but even when these two and other OPEC countries decided to cut oil production, it s not enough to balance the scales.Currently, uncertainty has surrounded the energy sector. We speculate that the sector will bounce back, but it s hard to say when. And in the meanwhile, many companies in the sector might go bankrupt. Two of the companies that might be in danger of bankruptcy are:An intermediate oil and gas companyBirchcliff Energy TSX:BIR stock