Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to focus on investing in the energy sector with uranium, oil, and natural gas stocks.
Sean remains encouraged and bullish on the megatrend unfolding in nuclear energy and the uranium equities, with more allocations to companies bringing on some of the new North American supply like Energy Fuels (EFR.TO) (UUUU), Uranium Energy Corp (UEC.TO) (UEC), enCore Energy (EU.V) (EU, and Dension Mines (DML.TO) (DNN), more so than projects further away from production like NexGen (NXE.TO) (NXE) and especially the earlier-stage uranium explorers.
With regards to hydrocarbon energy, Sean is more of a fan of the fundamentals for oil, and the related oil stocks, than he is towards natural gas or the nat gas stocks. He is watching the news out this week in Saudi Arabia increasing capacity but not production, as well as the geopolitical concerns towards Russian oil infrastructure as two potential near-term drivers in the oil prices. Sean thinks at this point, there is plenty of coverage in the oil producing majors, and mentioned going down one step into the mid-tier producers, like Diamondback Energy (FANG), as the kinds of oil companies that he is positioning in.
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