Weekly Portfolio Update, September 17 2023

Uranium and oil go parabolic. Prepare for some big financings

Uranium definitely got the market’s attention last week by spiking from the high-$50s to the low $60s.

This is great news — unless you’re short:

Oil also caught a “new handle” bid last week, breaking into the low $90s.

Parabolic price charts put a nice tailwind behind a portfolio. Nine of our ten uranium and oil stocks are up since inclusion (see below). But spiking prices also foreshadow a surge in financings as these companies use their sudden notoriety to sell stock and bonds. Big financings can cause share prices to fall, so prepare to accept the resulting volatility as a price of success.

Speaking of volatility, another developing story bears watching: