Global Market Commentary, Analysis and Investments
Uranium is still a “Buy”…maybe now more than ever.
The disaster in Japan slammed the uranium sector…and it still has not recovered. But this washout looks like a buying opportunity, as long as you’re not in a hurry to make a big gain.
I won’t go into the Japan-specific details, but for our purposes, it’s a safe bet that the Japan disaster means that we may not see a large-scale “nuclear renaissance” during the next generation.
[Read more...]Who says there’s no such thing as time travel? It’s starting to feel like the fall of 2008 all over again. Indeed, the demons of 2008 are like those characters you see in the Halloween horror movies. You can kill and bury the monsters, but a few scenes later, they reappear.
So what’s happening? Is it 2008 redux? Or are things now worse than 2008 and we just don’t know it yet? Oh, for a copy of a tomorrow’s newspaper! Still, let’s do the best we can with what we’ve got.
[Read more...]An Interview with Byron King
Dan Rodricks, Host, Midday: I’m Dan Rodricks, and you’re listening to a special edition of Midday we call Power Ahead, The Energy Future. We finish our discussion about energy with a look into the coming decades, the innovations ahead, and the power sources that are probably going to be with us for a while. Our guests include Byron King, resident energy expert with Baltimore-based Agora Financial. He’s the editor of Outstanding Investments and Energy & Scarcity Investor. Byron King is a Harvard-trained geologist, a self-described old rock hound who keeps an eye on energy, mining, and precious metals for his readers. Byron King, thank you for joining us on Midday at WYPR in Baltimore.
[Read more...]My investment letter, Outstanding Investments, looks for opportunities in resource plays. Hence, our portfolio is chock-full of oil and gas companies, uranium diggers, gold and silver miners and technology companies that enable basic resource production.
This resource focus has been working very well for the past decade – and it’s not just me saying it. The authoritative Hulbert Financial Digest recently ranked Outstanding Investments as No. 1 in overall return from 2000-2010 among 98 investment newsletters.
[Read more...]An Interview with Patrick Cox by WYPR’s Midday with Dan Rodricks
Dan Rodricks, Host, Midday: I’m Dan Rodricks, and you’re listening to a special edition of Midday we call Power Ahead: The Energy Future. We continue our discussion about nuclear power with a specific look at something of international public concern since the tsunami hit Japan. Can even an advanced economy master nuclear power safely? Can nuclear power be safely harnessed?
[Read more...]Chris Mayer, editor of Mayer’s Special Situations, shared this bit of investment wisdom with his subscribers yesterday:
“Charlie Munger, the long-time Vice Chairman of Berkshire Hathaway, says there are three buckets where investment ideas go: ‘Yes,’ ‘No’ and ‘Too Hard.’ I think uranium is too hard.”
[Read more...]Nuclear will give you, by far, the most energy for your money right now.
The best way to view this issue is in terms of what physicists call ‘energy density.' That is, let's measure the amount of energy stored in a given volume or mass of a certain substance or material.
Below is a table that I put together expressing the energy density of an array of materials in terms of megajoules of energy per kilogram. A megajoule – MJ – is 1 million joules, or approximately the kinetic energy of a 1-ton vehicle moving at 160 km/h (100 mph). The point is to show that if something has a high energy density, then less physical material will release the same amount of energy:
[Read more...]Willie Shakespeare may have summed it up best when, borrowing the voice of King Richard III, he penned A horse! A horse! My kingdom for a horse!
History is replete with examples of how, but for the proverbial horse, kingdoms have been lost.
My reference point is an accident that will almost certainly lead to tragic miscalculations and havoc down the road. And, I might add, an exceptional opportunity for the patient and attentive investor.
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The Upside to a Natural Gas Downturn
Isaac Newton showed us that for every action there is an equal and opposite reaction. That is why every downside force in the energy sector creates upside opportunities elsewhere. The challenge is finding them. It takes an understanding of the entire global energy machine to figure out what areas are benefiting from the changing landscape.
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