Our World This Week: Let Them Eat ... Soy?

☢️  URANIUM: NO LONGER THE KODAK OF ENERGY

When we first started pounding the table on uranium years ago, the yellowcake was the Kodak of energy. Dead.

Here's how Chris captured the sentiment around uranium at the time:

Right now the uranium price is so depressed that it will require a near tripling of price to entice the required capital back into this sector — capital that will be required in order to develop production to fill the supply-demand gap which will exist in a few short years hence.

That sounds like a helluva thing to suggest but it’s not my opinion. It’s what the industry has already stated. And here’s the kicker: it’s nothing compared to what will happen to the shares of the companies mining this stuff.

We recommended a basket of uranium plays to Insider members back in 2017. After going absolutely nowhere for a couple of years, our uranium positions are now up anywhere from 4x to 10x — and a whole bunch in between. Most are up 3-4x just in the last 12 months.

From day one, our thesis was that supply won't be able to meet demand today, let alone in 5 or 10 years from now. This still holds true today. Doubly so, we'd say.

To better understand the reasons for our conviction, Art Hyde (@JekyllCapital) from Segra Resource Partners put together a terrific overview of the intricacies of the uranium space.

If you don’t read anything else this weekend, do yourself a favor and read this.

 


⛽  GET READY FOR GAS STIMMYS

Even at $75-ish per barrel, oil is a major political point of contention these days as the average voter is feeling the pinch of rising prices at the pump.

What happens as oil blasts past $100... or even higher? If you’ve been with us for some time, you know we believe this is a question of when (not if) — especially when taking into account the woke energy policy of Western governments.

Our buddy Kuppy penned a new article around a thought-provoking conversation he recently had with another hedge fund friend. Here’s the skinny:

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Disclaimer: This is not intended to render investment advice. None of the principles of Capex Administrative Ltd or Chris MacIntosh are licensed as financial professionals, brokers, bankers or even ...

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