Q: What are your current thoughts on uranium investments?
I have CCO, which is up.
Im down 22.5% with URNM in a cash account and thinking about a tax loss sale.
If you are bullish on uranium, what do you recommend to replace it with in $US?
I have CCO, which is up.
Im down 22.5% with URNM in a cash account and thinking about a tax loss sale.
If you are bullish on uranium, what do you recommend to replace it with in $US?
5i Research Answer:
We think uranium will be a key component in fuelling the long-term energy transition, but significant more supply will be need. CCO is one of the few in-production uranium miners which we like. To replace URNM, we would suggest NLR. NLR is smaller than URNM, but the fee is lower and it has less concentration amongst the top holdings. Recent performance has also significantly favoured NLR.