ARTICLE Forbes Investing: Uranium: Bullish Despite Oil’s Weakness

Forbes / Investing
Uranium: Bullish Despite Oil’s Weakness

The average gasoline price nationally is now below $2/gallon for the first time since 2009. It’s been a mild winter thus far, but home heating oil prices are the lowest they’ve been since 2004. The collapse of oil has dragged prices lower for almost every product in the energy market, except uranium. Since January 1, 2014, the spot price of uranium has actually risen, versus a -78% drop in oil and a -48% decline in natural gas, with valid reasons to be bullish going forward. Sentiment is still incredibly negative due to the Fukushima disaster in 2011, but the COP21 climate meeting in Paris subtly endorsed nuclear as a way to meet emission targets.

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