The ASX shares with 30% to 50% upside: fundie

ASX uranium shares are “down materially and have completely decoupled with the other energy groups for no really good reason at all”, according to energy, mining, and commodities expert Ben Cleary.

Cleary is the portfolio manager of listed investment company (LIC) Tribeca Global Natural Resources Ltd (ASX: TGF).

In an interview with Livewire , Cleary said he was “very bullish” on uranium shares. What’s happening with ASX uranium shares?

Cleary said uranium shares have lost value recently but are well-positioned for a big future. This is especially because several governments have recently approved the commodity for energy generation.Cleary said: Uranium correlates very well with other energy commodities, whether it’s gas or coal or oil — as it should do because it’s obviously competing as an alternative energy source. However, year to date, uranium equities are down materially and have completely decoupled with the other energy groups for no really good […]

Click here to view original web page at www.fool.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.