Uranium spot prices are approaching $60 a pound, but many experts believe they are still in the early stages.
Oceanwall’s Ben Feingold said in an interview with Investing News Network that while a positive catalyst for the market continues to build, investors have more time to get ahead of the prospects for long-term long-term growth trends. Said there is still.
He noted that sector giant Cameco (TSX:CCO, NYSE:CCJ) is up about 30% year-to-date, but given the overall bull market conditions, that gain could end up at He said it would pale in comparison to future moves for uranium. stock.
βIn our view, if you look at Cameco’s 30% move, it’s exactly like the stock price went down 30% this year or last year…we don’t think it matters. “And the uranium price will be very convex, so these (small) movements don’t necessarily have a big impact on the portfolio,” he said.
Asked which category of uranium stocks he thought would be the most interesting, Feingold said every category has merit.
“The universe is so small that the answer is everything,” he explained during the conversation. “I know they might be putting out blinkers because they’re uranium bulls, but again, when the tide comes in, all the boats float.”
Feingold reminded investors that the world of uranium stocks is small, and said it was important to maintain a diversified portfolio. In his view, a higher weighting of producers Kameko and Kazatomprom (LSE:KAP) makes sense, as does a larger allocation to sequesters like Sprott Physical Uranus Trust (TSX:UU). It fits. Explorers and developers will complete the list.
For his thoughts on uranium, including supply, demand and price, see the interview above.
don’t forget to follow me @INN_ Resources To get real-time updates!
Securities Disclosure: I, Charlotte McLeod, have no direct investment rights in any company mentioned in this article.
Editorial disclosure: Investing News Network does not guarantee the accuracy or completeness of information reported in interviews. The opinions expressed in these interviews do not reflect those of Investing News Network and do not constitute investment advice. Readers are encouraged to conduct their own due diligence.
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