I sold most of my URG before the crash. They issued new share of stock for cashflow improvement which greatly diluted the total share value. Caught me flatfooted. Can win 'em all...Best!
Holding UEC and UUUU, thinking about taking the hit and sell both since I am setting on a buy price in the high $7 range. I could wait the 30 days and probably buy again a lot cheaper. Any suggestions? Most of the loss is from profits reinvested.
That's a tough question, especially since it's so hard to predict future stock price movements. I personally don't like taking losses but usually if I exit, I will look for another equity/investment to deploy the cash into. If you sell and it declines, maybe you'd be happy that you've cut your losses? If you sell and these equities bounce back higher, you'll be kicking yourself because you "sold when everyone else was buying" (quoting Buffett). It's not easy, and I don't know your circumstances, but best of success whatever you decide to do!
Bought CCJ at $9.40. Holding strong. They will be much higher in a few years. Along with several of the well managed developers. Cheers to nuclear energy!
@@BesterInvestor Thank you and same to you! Weren’t many producers when I got involved with uranium. Patiently waiting… Keep up the great job with your vids!
UUUU has taken a big drop. What do you think of it? Might be time for another one of your uranium podcasts featuring UUUU and other stocks [this podcast was nice but was focused on just a few]. Thanks.
Be careful of the oil market. China manufactured and installed 350Gw on wind and solar in2023 and in 2024 they have been ramping up. 350 GW is the equivalent of 120 nuclear reactors. They are also manufacturing tons of electric cars. While I believe oil will always be needed. I also think that around this price is where oil will hover around in the future.
China also plans to build between 6 and 8 new nuclear power plants each year. Their demand for energy is enormous! FYI: 1 nuclear reactor = ~3 million PV panels, or ~430 utility scale wind turbines (www.energy.gov/ne/articles/infographic-how-much-power-does-nuclear-reactor-produce). I'm not too worried about the price of oil & gas. We consume >100 million boe/d globally, and our consumption increases in incremental amounts every single day. Market volatility is our friend, much like time in the market (trying to time the market, isn't). Much like nearly everything else, manufacturing EVs, solar panels, and wind turbines, and building nuclear reactors all require the consumption of massive amounts of "oil" on an ongoing basis. I agree with your price thesis. We'll be hovering around $60-80 /barrel for the next 18-24 months which is a decent price for the producers, at their breakeven cost of around $40/barrel. But no-one can predict, because unexpected, global macro-economic events can change one's investment thesis in a matter of hours. Thanks for taking time to comment and share your thoughts, my best!
I sold most of my URG before the crash. They issued new share of stock for cashflow improvement which greatly diluted the total share value. Caught me flatfooted. Can win 'em all...Best!
Holding UEC and UUUU, thinking about taking the hit and sell both since I am setting on a buy price in the high $7 range. I could wait the 30 days and probably buy again a lot cheaper. Any suggestions? Most of the loss is from profits reinvested.
That's a tough question, especially since it's so hard to predict future stock price movements. I personally don't like taking losses but usually if I exit, I will look for another equity/investment to deploy the cash into. If you sell and it declines, maybe you'd be happy that you've cut your losses? If you sell and these equities bounce back higher, you'll be kicking yourself because you "sold when everyone else was buying" (quoting Buffett). It's not easy, and I don't know your circumstances, but best of success whatever you decide to do!
Bought CCJ at $9.40. Holding strong. They will be much higher in a few years. Along with several of the well managed developers. Cheers to nuclear energy!
Man, that's a sweet deal! My averaged cost basis is about $19. Good job on your timing, and best of success!
@@BesterInvestor Thank you and same to you! Weren’t many producers when I got involved with uranium. Patiently waiting…
Keep up the great job with your vids!
Good information on uranium investing! Thank you
Glad it was helpful!
UUUU has taken a big drop. What do you think of it? Might be time for another one of your uranium podcasts featuring UUUU and other stocks [this podcast was nice but was focused on just a few]. Thanks.
Nice idea, thanks!
More oil stock fundamental videos 🙏 even though if there are recession it's bad to hold oil stocks. Still I like those videos haha
Don't buy now...Watch and wait. Debt, more regulations, everything is cracking. Hold on. Great video Rudy, as always.
Thank you!
👍
Thank you for this video 🙏
My pleasure 😊
Be careful of the oil market. China manufactured and installed 350Gw on wind and solar in2023 and in 2024 they have been ramping up. 350 GW is the equivalent of 120 nuclear reactors. They are also manufacturing tons of electric cars. While I believe oil will always be needed. I also think that around this price is where oil will hover around in the future.
China also plans to build between 6 and 8 new nuclear power plants each year. Their demand for energy is enormous!
FYI: 1 nuclear reactor = ~3 million PV panels, or ~430 utility scale wind turbines (www.energy.gov/ne/articles/infographic-how-much-power-does-nuclear-reactor-produce).
I'm not too worried about the price of oil & gas. We consume >100 million boe/d globally, and our consumption increases in incremental amounts every single day. Market volatility is our friend, much like time in the market (trying to time the market, isn't). Much like nearly everything else, manufacturing EVs, solar panels, and wind turbines, and building nuclear reactors all require the consumption of massive amounts of "oil" on an ongoing basis.
I agree with your price thesis. We'll be hovering around $60-80 /barrel for the next 18-24 months which is a decent price for the producers, at their breakeven cost of around $40/barrel. But no-one can predict, because unexpected, global macro-economic events can change one's investment thesis in a matter of hours.
Thanks for taking time to comment and share your thoughts, my best!
Sold 1/4 of my ccj today.
Will repurchase shares if drops another 25pct.
You know what I always say... no one gets poor taking profits. Congrats!