Validea Canada: Ratings Changes - Guru Upgrades and Downgrades

Ticker	Company	Strategy	Guru Based On	Date of Change	Old	New
CWB	Canadian Western Bank	Contrarian Investor	David Dreman	5/27/2023	No Interest	Some Interest
ELD	Eldorado Gold Corp	Contrarian Investor	David Dreman	5/20/2023	No Interest	Some Interest
CG	Centerra Gold Inc.	Contrarian Investor	David Dreman	5/19/2023	No Interest	Some Interest
TSU	Trisura Group Ltd	Contrarian Investor	David Dreman	5/13/2023	No Interest	Strong Interest
CPG	Crescent Point Energy Corp	Contrarian Investor	David Dreman	5/13/2023	Some Interest	No Interest
FIL	Filo Mining Corp	Contrarian Investor	David Dreman	5/12/2023	Some Interest	No Interest
PXT	Parex Resources Inc	Contrarian Investor	David Dreman	5/12/2023	No Interest	Some Interest
CWB	Canadian Western Bank	Contrarian Investor	David Dreman	5/10/2023	No Interest	Some Interest
NXE	NexGen Energy Ltd	Contrarian Investor	David Dreman	5/10/2023	Some Interest	No Interest
CFP	Canfor Corporation	Contrarian Investor	David Dreman	5/4/2023	Some Interest	No Interest
FCR.UN	First Capital Real Estate Investmnt Trst	Contrarian Investor	David Dreman	5/3/2023	No Interest	Some Interest
ELD	Eldorado Gold Corp	Contrarian Investor	David Dreman	5/2/2023	No Interest	Some Interest
ERF	Enerplus Corp	Contrarian Investor	David Dreman	4/27/2023	No Interest	Some Interest
HR.UN	H&R Real Estate Investment Trust	Contrarian Investor	David Dreman	4/27/2023	Strong Interest	Some Interest
WFG	West Fraser Timber Co. Ltd.	Contrarian Investor	David Dreman	4/27/2023	Some Interest	No Interest
CWB	Canadian Western Bank	Contrarian Investor	David Dreman	4/18/2023	Some Interest	No Interest
PEY	Peyto Exploration & Development Corp	Contrarian Investor	David Dreman	4/18/2023	Some Interest	No Interest
FIL	Filo Mining Corp	Contrarian Investor	David Dreman	4/15/2023	No Interest	Some Interest
SHOP	Shopify Inc	Contrarian Investor	David Dreman	4/6/2023	Some Interest	No Interest
CWB	Canadian Western Bank	Contrarian Investor	David Dreman	3/30/2023	No Interest	Some Interest
PXT	Parex Resources Inc	Contrarian Investor	David Dreman	3/29/2023	Some Interest	No Interest
PEY	Peyto Exploration & Development Corp	Contrarian Investor	David Dreman	3/22/2023	Some Interest	No Interest
CJ	Cardinal Energy Ltd (Alberta)	Contrarian Investor	David Dreman	3/15/2023	No Interest	Some Interest
ARE	Aecon Group Inc	Contrarian Investor	David Dreman	3/4/2023	Some Interest	No Interest
NXE	NexGen Energy Ltd	Contrarian Investor	David Dreman	3/4/2023	No Interest	Some Interest
TVE	Tamarack Valley Energy Ltd	Contrarian Investor	David Dreman	3/3/2023	Some Interest	No Interest
PXT	Parex Resources Inc	Contrarian Investor	David Dreman	3/1/2023	No Interest	Some Interest
CG	Centerra Gold Inc.	Contrarian Investor	David Dreman	2/25/2023	Strong Interest	No Interest
CHE.UN	Chemtrade Logistics Income Fund	Contrarian Investor	David Dreman	2/24/2023	Some Interest	No Interest
TVE	Tamarack Valley Energy Ltd	Contrarian Investor	David Dreman	2/17/2023	No Interest	Some Interest
FIL	Filo Mining Corp	Contrarian Investor	David Dreman	2/16/2023	Some Interest	No Interest
SHOP	Shopify Inc	Contrarian Investor	David Dreman	2/15/2023	No Interest	Some Interest
PXT	Parex Resources Inc	Contrarian Investor	David Dreman	2/4/2023	Some Interest	No Interest
PEY	Peyto Exploration & Development Corp	Contrarian Investor	David Dreman	2/1/2023	No Interest	Some Interest
VET	Vermilion Energy Inc	Contrarian Investor	David Dreman	1/20/2023	Some Interest	No Interest
PXT	Parex Resources Inc	Contrarian Investor	David Dreman	1/20/2023	Some Interest	No Interest
CCA	Cogeco Communications Inc	Contrarian Investor	David Dreman	1/14/2023	No Interest	Some Interest
NXE	NexGen Energy Ltd	Contrarian Investor	David Dreman	1/13/2023	Some Interest	No Interest
VET	Vermilion Energy Inc	Contrarian Investor	David Dreman	12/14/2022	Some Interest	No Interest
TXG	Torex Gold Resources Inc	Contrarian Investor	David Dreman	12/9/2022	Some Interest	No Interest
CWB	Canadian Western Bank	Contrarian Investor	David Dreman	12/3/2022	No Interest	Some Interest
VET	Vermilion Energy Inc	Contrarian Investor	David Dreman	12/1/2022	No Interest	Some Interest
NXE	NexGen Energy Ltd	Contrarian Investor	David Dreman	11/26/2022	Some Interest	No Interest
LAC	Lithium Americas Corp	Contrarian Investor	David Dreman	11/17/2022	Some Interest	No Interest
ARE	Aecon Group Inc	Contrarian Investor	David Dreman	11/15/2022	No Interest	Some Interest
CHE.UN	Chemtrade Logistics Income Fund	Contrarian Investor	David Dreman	11/15/2022	No Interest	Some Interest
AP.UN	Allied Properties Real Estate Investment	Contrarian Investor	David Dreman	11/15/2022	No Interest	Some Interest
HR.UN	H&R Real Estate Investment Trust	Contrarian Investor	David Dreman	11/15/2022	Some Interest	Strong Interest
CG	Centerra Gold Inc.	Contrarian Investor	David Dreman	11/15/2022	Some Interest	Strong Interest
VET	Vermilion Energy Inc	Contrarian Investor	David Dreman	11/11/2022	No Interest	Some Interest