05:03:04 EDT Thu 23 May 2024
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Greenlane Renewables Inc
Symbol GRN
Shares Issued 153,013,239
Close 2023-07-07 C$ 0.26
Market Cap C$ 39,783,442
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Globe says successful investor keen on Greenlane

2023-07-10 07:34 ET - In the News

Also In the News (C-ENB) Enbridge Inc
Also In the News (C-TRP) TC Energy Corp

The Globe and Mail reports in its Saturday edition that pilot James Varga is a pilot, a socio-economist, an insurance agent and a finance expert. The Globe's Mark Ramzy writes that now 60 and semi-retired, he said, he travels across the world for most of the year, while enjoying the Vancouver Island climate for the rest of it. When he first started investing, Mr. Varga took a lot more risks, he said, but his goals and style have changed over time as his portfolio has grown. Mr. Varga's winning strategy is to prioritize companies who see success despite industry-wide pressures or economic crises, such as the 2008 financial crisis and the COVID-19 pandemic. "That's a great little litmus test to see how durable [companies] are and how quickly they bounce back," he said. While Mr. Varga's portfolio includes a diverse range of companies, he focused his picks for The Globe's Investing Club on the energy sector. His three picks are pipeline players TC Energy and Enbridge, and Greenlane Renewables, a provider of biogas upgrading systems with a growing international presence. Mr. Varga likes Toronto-traded Greenlane Renewables for its increasing revenues and low debt, which leaves him optimistic for its future prospects.

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