Trent Klarenbach

Trent Klarenbach, BSA AgEc, PAg, is Founder and Lead Analyst, Klarenbach Research. He operated a large farm for its time near Eatonia, Saskatchewan, and has 11 years of experience applying technical analysis to Prairie grain marketing. Based in Saskatoon, he covers Prairie grain and oilseed markets, including canola, durum, CWRS and CPSR wheat, barley, oats, flax and fertilizer. He writes the Klarenbach Grain Report and the Special Crops Report, contributes analysis to Barchart.com, and hosts The Trent Klarenbach Podcast. Klarenbach Research is independent: it isn't tied to any grain company, takes no commissions and doesn't execute trades.

Daily Dispatch

Three Heavyweight Strategics Just Doubled Down on One Junior, and Canadian Natural's Profit Just Quintupled

Nov 5, 2026

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6 min read

Three Heavyweight Strategics Just Doubled Down on One Junior, and Canadian Natural's Profit Just Quintupled

A smelter, a mid-tier gold producer, and the world's biggest royalty company all re-upped on the same junior explorer, a satellite just mapped a Nevada gold system without a drill turning, and Canadian Natural ties its next pipeline dream to a November 15 deadline.

Trent Klarenbach

Three Heavyweight Strategics Just Doubled Down on One Junior, and Canadian Natural's Profit Just Quintupled

Gold Rips 3% on a Democratic Sweep, and Cenovus Just Posted Its Best Quarter in Years

Collective Mining's Ramp Zone Keeps Finding Bonanza Gold, and Gibson Energy Bets Big on the WCS Glut

West Red Lake Gold Sells Its Gold Before It's Mined, and Imperial Oil Just Had Its Best Quarter Ever

The Week's Top 5: Teck's Copper Strike, Eldorado's Guidance Cut, and Lundin's 242-Gram Monster

Gold's Worst October Since 2008 Erases $140 Billion From Miners, and AltaGas Answers With a Record Quarter

Eldorado's Skouries Slip Costs It a Fifth of Its Gold Guidance, and Whitecap Answers With a Dividend Hike and a 2027 Budget

FireFly Metals Finds Fresh Copper-Gold Next to a Mothballed Mill, and Tamarack Valley's Quarter Undersells Itself

Lundin Gold Strikes a 242-Gram Monster, and PrairieSky's Royalty Machine Just Posted a 42% Quarter

Teck's Biggest Copper Mine Walks Off the Job, and Ovintiv Turns a Rumour Into a $1.26 Billion Cheque

The Week's Top 5: K2's 84-Metre Monster, Cambria's 794-Gram Metre, and a Buyer for Victoria Gold's Wrecked Mine

New Found Gold's Queensway Just Got a Billion-Dollar Glow Up, and Trafigura Quietly Becomes Atico's Biggest Outside Shareholder

Victoria Gold's Wrecked Mine Finally Finds a Buyer, and a Seismic Data Shop Posts the Patch's Best Quarter

Goldstorm Drills 407 Metres on the KSM Trend, and Albertans Vote to Keep the Pipelines Flowing

K2 Gold Drills 83 Metres of Bonanza Gold, and an AI Satellite Scan Finds Bayhorse 365 More Metres of Silver

How to Read a Junior's Cash Runway and Burn Rate

How to Read Management and Insider Ownership

How to Read a Junior Oil & Gas Producer's Core Metrics

How to Evaluate a Royalty and Streaming Company

Cambria's Core Sample Hides 794 Grams of Gold in One Metre, and Saturn Oil & Gas Writes a $302 Million Cheque

The Week's Top 5: A Hot CPI Print, Hycroft's Best Hole in 40 Years, and BHP Walks Back Into Arizona

BHP Buys Back Into a Shuttered Arizona Mine, and Oil Rips Back Above $100 a Barrel

Tower's Blue Sky Zone Hides a 16.70 g/t Needle, and PetroTal Eyes 20,000 Barrels a Day

Hot CPI Hammers Gold and Silver, and ATCO Breaks Ground on a $2.9 Billion Pipeline

Hycroft Drills Its Best Hole in 40 Years, and Five First Nations Buy Into Coastal GasLink

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