/biz/ - Business & Finance

Really looking like oil will not drop anymore. Biden could release reserves to drop prices 2 dollars and no one would buy it. The sham is over.

I should have bought Encore yesterday, should I jump in on it anyway even though it's up 5%?

>>51061887
SPR has been drained to multi-year lows. I'm not very well on track of inventories, supply & demand but if demand doesn't decrease and supply doesn't increase then SPR will be empty within three years at this rate

>>51061935
>scribbles note to self to buy more OILK

>>51061887
We're headed into the greatest depression of our lifetimes, there will be no demand.

We didnt make it bros..

>sadfrog.png

how are we holding up, encore bros?

Looking at all the iShares etfs, it looks like gold&silver miners are among the weakest sectors YTD. Oil and energy are among the top.

>>51061915
I boughted today, mostly went in on URA though

first for release the gold, group of bitch rana

>>51062003
>Oil and energy are among the top.
Gee, I wonder why.

The hell happened at 1:15 today? Did peace break out in Central Europe or something? Or is this just a bunch of institutional investors taking profits all at once?

>>51062369
slurpy time.

Snowline bros...

>>51062423
VET should be there instead of EQNR

>have all these wonderful ideas about how to play different spreads and industries
>dont want to move money until after the September dipperino
>just end up buying 3 shares of HEU.TO with whatever scraps I still have left
Feels weak, man

>>51062562
Don't look at me, /smg/ originally made that image.

>>51062575
you salty fren?

>>51061839
DO NOT REDEEM! BASTARD BITCH!

>>51062599
just pointing out the superior pick for my cmmg crew

>>51062423
Que? I'm new here.

Ughh, I just can't bring myself to pull the trigger on VET at these ATHs.
Is there something wrong with me?

>>51062495
You should be looking at getting out now.

When Saudi Arabia runs out of oil I hope they get nuked for the constant OPEC fuckery.

>>51062423
Yuro here.
Going to buy a few hundred USD hard cash for savings every month. Do ya blame me?

>>51062730
It still baffles me that there are people who have no idea where Europe is heading economically

>>51062600
Just seems that no matter what I do I can't get ahead

>>51063026
there's no stopping the Snowline train, going to moon when these assays drop

Anyone else feel tempted to go way harder? I wonder if the predicted September dump will actually affect energy. More and more looking like its decoupling.

>>51063176
I've been doubling down on o&g myself, but I have like 50% of my folio on dollars anyways. And I have puts on some garbage stocks to capitalize on things going down

>>51063120
it's been a tough year, seems only Snowline, Atlas and Vulcan are doing well

>they dont know about Bayhorse Silver BHSIF
>20-year stock price low
>start of production just around the corner
I'n backing up the whole truck at this point.

>>51063167
If they're bad it's going to tank.

I found a gas company with no debt and no hedges, plenty of cash on hand. Should I have other considerations? I'm still new to this sector. US HQ and wells.

>>51063520
Which company would that be? You need to take into account reserves/drilling inventory and how much o/g they produce each quarter. Wouldn't want to buy a company with no reserves, no places to drill and falling sales.

So what are you guys holding? I'm down on precious metals and uranium and hoping it one day recovers and pumps. What are you holding and when do you think we'll get a commodity pump? Or are you guys going cash gang?

>>51063167
How much are you up? In my experience the mroe common outcome is a dump on assays. Not always but it depends on the environment. There's a lot of hype and anticipation going into this one.

>>51063688
Uranium is literally weeks ago from gigantic spot price movement.

>>51063688
I'm holding mostly o&g stocks and cash, but also Verde and some puts. Trying to dip my toes into shorting to capitalize on times when I want to swing down and puts are too expensive

>>51063702
$14k, the assays can't be bad with all the VG over 300m+, but it could drop if they aren't incredible. If they are spectacular it will go ballistic

UVXY calls

>>51063304
I mean in terms of life

>>51063120
>>51063923
could you elaborate?

>>51063937
Not really because itll just be le epin blogpost, I have 50k NW at 32 and a deadend job and everything Ive tried to do on the markets has been anything between 70%+ losses or maybe 5% profit at best
Even my dad who is picking shitty boomer stocks is up like 40% in 2 years

>>51063475
https://ceo.ca/@newsfile/bayhorse-drills-multiple-ladyboys-encounters-significant-fecal-matter-samples

>>51063971
keep at it anon you'll win eventually as you go and learn. We're all gonna make it eventually that way

>>51061839
https://www.mining.com/web/china-lithium-prices-near-record-as-power-cuts-squeeze-market/

China is still having issues with energy.

>>51061915
>Encore
dont worry, it'll come back down. buy it at .75/sh

>>51063836
what % up are you on the stock?

>>51063026
You should be looking at getting in.

>>51064224
8x, gonna let this one run for years and take my chances, providing there aren't any crazy developments

>>51064059
Seethe more, no horse fudster. Your shilling only makes me load up more.

>>51064429
you do you but I would have taken some off the table already

>>51064059
lmao

>>51063971
>if you want to shine like the sun, first you must burn like it.

>>51063971
Stop gambling and start investing.

>>51063116
I am totally on top of the manmade disaster that is going to hit northern Europe. I just don't know what 'slurp' means.

>>51065126
Originally it was said to make fun of redditors who bought when stocks went down because their mentality worked that stocks will always go back up so throw your money indescribably. But modern 4chan is filled with impressionable kids who started saying it unironically. Basically it means buying the dip.

>>51064429
I would take some profit if I was you, at least my initial cost basis to guarantee no matter what you cannot lose money on the trade

>come home
>see my watchlist
AAAAAAAAAAAAAAAAAAA RED TOLD ME IT WOULD GO DOWN AND NOT TO BUY YET

>>51065126
>northern Europe
the whole of Europe is fucked

>>51065300
Not Iceland. Iceland is almost entirely geothermal, and we have lots of tasty cod. My dads side has a sheep farm in the north and my moms side has a dairy farm north of Reykjavik. I might just move back and become a farmer w mining company stock moonshots and work until I have enough to buy a catapult to launch Rana Vig into the sun

>>51065465
You moved to Reykjavik? Looks like shit. Why don't you just join Denmark like the Faroe Islands?

>>51065465
I suppose Iceland is somewhat insulated from the rest of Europe yeah, you got me there actually. They probably buy their energy from Canadians and Americans to begin with

>>51065558
Fuck Denmark. I grew up there before moving to America. My parents are back and forth they’re about to retire and go back. Reykjavik IS shit, Akureyri/Myvatn area is beautiful.
>>51065579
They sell a lot of carbon capture technology but their domestic energy production is 99% renewable. There was a big problem with crypto fags moving their massive warehouses there to mine for shitcoins.

>>51064275
No way dude. Been in this game a decent while. Seen this over and over again. If I wanted tk get in I should have done it at fourteen cents.

>>51064429
You need to take out half. Absolutely ridiculous you're sitting on an 8x and haven't taken profits. There's a very real chance you could be crying in less than two weeks.

>>51065272

I said a couple days ago that most traders would have taken a posistion while personally was not doing that.

>>51065272
Also this is only the initial break out. It hasn't even back tested yet. I looked at the charts. I just don't see it. I'll post them later.

>>51065272
Trust Red or be dead.

>>51063626
Sandridge Energy SD. They're reactivating and drilling new wells, even expanding that part of the budget, but their reserves and production are small for their market cap. I guess their good financials offset the sorrier state of their production. Thanks for the tip, anon. I'm researching Obsidian Energy OBE tomorrow.

>>51065687
>Fuck Denmark. I grew up there before moving to America.
You moved from a 1st world country to a 4th world open air zoo?

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1227-tsx-venture/mae/126804-maritime-resources-reports-positive-feasibility-study-for-hammerdown-gold-project-with-48-1-irr.html

Maritime Resources finally dropped their FS. Interesting little project they have in Newfoundland. Downscaled significantly from PEA as this is purely OP, they will mine 4.46 g/t at a strip of 20, put it through an ore sorter and truck it 140 km to a mill. $912 AISC.
They want to finance in Q4/Q1 and start building in Q1. Lets see how they manage to finance C$75M on a C$20M mkt cap. Maybe they finally merge with Signal Gold (formerly Anaconda Mining).

I really need to get better at keeping up with markets...can anybody give me a quick rundown on how to use something like Yahoo Finance effectively? Or something else? I really just come here and /smg/ and let the news flow that way and frankly it's not super efficient especially with commodities kek

>>51066562
>Canadian junior press releases
https://twitter.com/JrMiningNetwork
>Newsfeed
https://twitter.com/zerohedge

>>51066600
>Zerohedge
fuck off man

>>51066610
rude

>>51065111
Im not gambling. I had a penny stock in 2020 when I didnt know shit, was up like 170% and didnt sell, then ate a 60% loss because it never recovered. Separately, I lost about $1500 in options this year across 8 trades, before I really got the hang of them.

Right now Im mostly in defensive shit and UUUU and writing calls

>>51066694
Specifically, every time I think I have a good idea I dont pull the trigger, or I miss the timing or I feel like I'm late
>Atlas? It'll probably be another BHS
>Goes up 4x

Thats why Ive been enjoying options anyways, I can accumulate a position and write calls and basically guarantee profits in the long term. I just wish I could be more active and (safely) swing things every week or two and see a 80-200% return on risk for whatever I do; I do understand greeks too, though most of the spreads I find arent accepted by my broker (lever 4 option spreads w 25k margin reqs) even on small position sizing. So I mostly just paper trade those and wait

Corn chads.... will we prosper this winter? Also, I kinda feel bad for not putting in a call for for SOYB on Monday.

>>51067150
Is this when CORN, WEAT, SOYB, and CANE are going to pop off?

>>51066406
Alright thanks anon. I've been looking at Surge Energy recently and I quite like them, maybe check that out. Seems like a cheap oil-focused producer. A midcap I already have is Vermilion, that one is a gem with good exposure to European natgas prices, inreasing production and dividends, ample reserves and drilling inventory, and a lot of hedges falling off next year

>>51066562
oilprice.com
www.spglobal.com/commodityinsights/en
www.mining.com
www.upstreamonline.com
www.naturalgasintel.com

>>51067171
Not bullish on WEAT. Fundamentals don't look good for Ukraine and Russian exports.

Corn is looking good however, despite reports of massive droughts and impacts from the war, US yields are looking pretty good (https://www.world-grain.com/articles/17362-inside-the-us-grains-supply-and-demand-puzzle).).
China is also set to accelerate their importation of corn from Brazil (https://www.bloomberg.com/news/articles/2022-08-11/china-to-speed-brazil-corn-imports-amid-ukraine-war-us-tension).).
Onions exports are looking decent in US and Brazil, but not as strong as Corn. Those two grains are also less susceptible to effects from the war.
Technically, grains are on a 3 month low. I'm bullish this winter, futures are looking good for the season as well.

>>51067412
> Onions exports
Meant onions....

>>51067431
kek never gets old

>>51067412
Wtf is SOYB censored on this board?

>>51067448
onions aka onions aka basedbeans

>>51067412
Huh? WEAT tracks the futures price. Wheat does poorly, price goes up, WEAT does good.
You said youre not bullish on WEAT but that there are poor exports. That means a supply crunch which is bullish

>>51067412
yeah droughts etc are bullish for crop prices as the other anon pointed out

>>51067461
Well, fuck me with a big fat stick of Onions tofu.

>>51067468
I might be wrong here, but I really don't see retailers bothering too much with a commodity with some of the most inelastic demand among the three (weat, corn and zoy).

>>51067543
judging how high the fertilizer prices have been perhaps corn would be the best bet out of the three then. Beans require less fertilizer so farmers like to rotate to that when input costs rise too much. But corn needs a lot of fertilizers to grow well. Is what I've read anyways

>>51067610
Good point. Tbf to zoy, it's also primarily exported as feed for livestock, and I don't expect livestock demand to be that much lower than last year's. Though, I guess there's also an argument for corn having more byproducts that generate a lot of demand. Maybe that's just a conjecture.
I might just also open a call position for zoy as well.

>>51061887
There's one last scam they're working on to get drop oil more and that's to end sanctions with Iran and allow Iran to sell their oil to the west.

>>51067171
No, because all of the profit margins get eaten with the food. But look at the big fat green dildo on IPI.

>>51067967
>margins get eaten
How? If youre trading commodity-related etfs or even futures, youre just trading spot prices not producers or consumers

Also why is fert going off again? I thought planting season was done

>>51068190
>I thought planting season was done
kinda worried that you're investing money and don't realize that lots of places have multiple growing seasons and when it's winter in the northern hemisphere it's summer in the south.

or even worse not understand that markets respond to anticipated demand, because current demand is already history.

>>51068190
>is fert going off again? I thought planting season was done
South America's growing season is about to begin. How do you think you get fresh produce all year long in the grocery store?

>>51069177
>South America's growing season is about to begin.
south america has several growing seasons.

so does north america.

Just tell me what I should be buying right now

>>51063728
>spot price
yeah don't care. wake me up when long term contract prices are $80 because until then no one is contracting and restarting mines unless they're a dumbass

>>51069324
freeze dried survival food, guns, ammo, land and livestock. wake up brother

>>51069124
>>51069177
I have like 10 shares of CORN for the fall and thats it.

https://www3.nhk.or.jp/nhkworld/en/news/20220824_01/

>>51067967
I shorted IPI yesterday, hope to see it fall to $46 or so today or tomorrow. Stop loss at $53>>51067967

BOOM!

https://ceo.ca/@accesswire/snowline-gold-intersects-23-grams-per-tonne-gold-over

>>51071984
wow very nice headline results anon gz

>>51071984
Remember your lassonde curve. You should be looking for opportunities to take money off the table now.

On the topic of crops, take a look at this guys!
https://oilprice.com/Energy/Energy-General/European-Crop-Yields-Collapse-Amid-Worst-Drought-In-500-Years.html
>Wenn du mich siehst, denn weine.

>>51072224
Yes, read that as well, quite bullish on corn for the winter. Will pick up more grains throughout the week.

Whats the most underrated way to short germany?

Lagoon bros are we ever gonna make money I'm tired of the rat race

>>51071984
Not a bad intercept at all!

>>51072328
short yuro
short yuro equities
short ETFs that are long yuro stuff
short ETFs that are short energy
long dollar
long gold
long oil, gas and coal
long fertilizer and crops

I have sold all my other uranium positons and consolidated them into Encore.

Buy EC.

>>51072810
Nice.

Why is uranium surging today? Whats the news?

>>51072220
It's nowhere near fair value for how these assays de-risk the stock and push up the # of ounces, not to mention the news release says the first hole in Gracie hit VG. It's going to 10x from here as more assays come in and the ounce count grows, Valley is probably 20m ounces of very high grade for this kind of a deposit, with Gracie next door probably the same. It's going to run up, imo.

>>51073251
Nuclear War

Forreal why is uranium up? Can't find a reason

uranium gouls!!!
>>51067412
onions are traded off exchange, onions futures where banned after some cunts cornered the market and all the stored onions got bad causing an onion shortage
>>51067610
fertilizer use for corn and s o y is about the same from my research, difference seems to be caused mainly by regional differences, its really hard to find good material on that because it depends a lot on the soil
in brazil "crop rotation" is two corn harvests and one onions harvest per year
sugarcane however dwarfs the fertilizer use of all other crops, rice seems to go without much, but needs special fields that can be flooded

>>51073809
japs

>>51061839
check the uranium price

Something is causing a huge surge in uranium and I can't find any article or mention of it. Nothing. So something is going on. Something big it seems

>>51073251
>>51073809
lol dummies. the fuck are you looking for, a hot tip? this is the start of a 15-year bull in the cycle. you have two years of reading to do to understand the past 5-10 years, then you will have an answer to "why is uranium going up?"

>>51073809
I've been telling you guys the fuel cycle is fucked and that Justin has been screaming for a month that big moves are imminent. This is smart money buying. That along with the inflation reduction act which has provisions towards nuclear energy, in which Nuscale (SMR) is mentioned by name.

>>51073255
Nothing in life is fair. I'm sitting on a portfolio full of tickers worth ten times what they're trading at and yet I'm down 30%

Going long on oil.

>>51074099
Forgot my pic.
Oil chuds get in here.

>>51064536
>>51065247
>>51065953
I can't believe you wanted me to sell bros. Eric and Rick say let the winners run and don't trim them, and maybe keep adding. I'm in this until it's $30-$50 US /share. This is going to be between 10M-50M ounces when all said and done

>>51073255
based

WAGMI fren

>>51074099
>>51074120
>Oil immediately slams down a dollar
kek

>>51074099
I'm waiting for the back test and then I'll be going in.

>>51074242
kek
My position just closed as well.
Quickest loss of all time.

>>51074311
>'e bought?

>>51074172
you don't have to sell everything you know? The returns diminish the closer you get to your price target too so it makes sense to take profits and move them somewhere else not to mention technically speaking after a run up like that things tend to cool off a bit

>>51073973
Found the source of the pump. Hope everyone has bought, because this is just the beginning.

Bros...

anybody got in on the hugoton pump that did 1500% this year?

>>51074311
Look at the spot price now. You just got Bogged.

>>51074770
Lost a 5 GBP
Gained a GBP
Sort of. I double downed and got my money back.
Sort of.

>>51074491
Why is it so ugly? I thought Japan is esthetics

>>51074491
Does nuclear energy make hydrogen via electrolysis economically viable? Any engineers knows?

>>51074172
you only have to sell 600 shares to cover your cost basis, what are you kvetching about? returns like that typically will diminish, you should always play with house money. take the hit, then other offset it by unloading something bad at a loss, or pay your taxes, fag. you're still letting 6400 shares of a winner run.

Hey bag holders, guess who is dumping his bags again? You whales really need to step up and show everyone how smart and committed you are to this sure thing that is going to moon in just two more weeks.

>>51074172
My girlfriend says you're awesome for doing good on your investment but that you're stupid for not taking profit.

>>51073995
i already hold DNN, Deep yellow, and Encore so i'm good on uranium - i'm just looking for the news. I think its because Japan announced new uranium factories are planned to be built

>>51074172
go reread my statement: i said to sell "INITIAL COST BASIS"
not the whole fucking stake

>>51075091
oh well that's great to hear, fellow king
it's probably just pre-WNA backroom chatter, justin alluded to it just yesterday

>>51074491
yes this is the news - thanks fren

>>51074491

I consider these kinds of things temporary positivity for now, even if they're fundamentally very great news.
I don't believe in Uranium markets are going anywhere until I see them move opposite to the general stocks for a while.
If we get a week straight of hard down days in the equities Uranium markets will follow very obediently.
This does show how much pressure there is to push Uranium up though. Any news are enough to shift the price considerably.
We just need the real decoupling to happen for these stocks to fly, but I don't think the real decoupling will happen before the bottoming or at least the next big leg down in the general markets.

I listened to people here and waited from buying the U and oil dip. Tell me this shit is temporary and will retrace.

>>51074833
Yes, it also makes water desalination economic as well.

>>51074833
depends on hydrogen price and whether there are people ready to pay up

>>51075091
It's more than just Japan. The fact that Michael Burry is mentioning it on his twitter feed after all of the news of his hedge fund selling off everything is about to bring in the WSB meme investors. Especially if Burry actually bought uranium/nuclear equities since his last 13F filing.

>>51075510
I thought he cynically capitulated and had a private prison stock as his only position.

Lmao we had been discussing the Japan news last week since it was already public they were about to shift policy.. /CMMG/ had/has every opportunity to frontrun this leg up

>>51075521
Yes, but that was for the end of Q2, which was his last 13F filing. He could have bought in the last two months and no one would know about it.

>>51075419
It might not be temporary. All depends on how dovish/hawkish JPowell is on Friday and what the next CPI print is going to be like after Labor Day weekend in another week.

>>51075419
>Tell me this shit is temporary and will retrace.
probably because jerome powell is about to come out hawkish and crush the market anyway. uranium is not decoupled from the overall market

Anyone else just made big cash from this?

>>51074491
>muh burry
no. japan does not move the needle. they have a huge stockpile of fuel. until yellowcake and sprott came along, nobody else had anything like it. there is no need for you to pretend like burry has anything to do with this news by screenshotting the tweet instead of just getting the direct link.
also, this doesn't even fundamentally move the needle. japan already ordered nine reactors to remain online for the winter that would have all been shut down this year, their latest plans on the demand side is month-old news.
construction of a new plant? that's five years away from operation. drop in the bucket.

>>51076031
Alright, sell me your uranium stocks then.

>>51076022
I have 500 shares of UUUU, wrote 3 calls and made $150, sitting on 200 in case kf more movement

>>51075419
Also, Iran deal didn't go through, so no cheap oil from Iran. Oil not going to $60.

Bros...

>>51067468
Australian harvest looking to be very good this year. Will swoop in to counter yuros demand, they make up 10-15% of global exports

what's up with forsys metals? it's up 17% today. mega uranium as well. these swings are getting wilder.

>>51076365
hold me

>>51074172
damn, that show the power of discovery, I guess I shouldn't keep being overweight in a few company but adopt an ETF style portfolio

>>51076831
Poo bros...

>>51076031
correction: buried in the story is the note that japan is restarting SEVEN ADDITIONAL reactors, so this is not a restatement of what was already public back in july. they're actually going to get 17 total running again. so that is significant after all
>>51076168
lmao shut up faggot both the US and china are going to add a thousand of SMRs over the next decade, yes it matters but japan is going to just run its stockpile down *slightly* faster with this change -- you haven't seen the big moves yet, and today's are still premature given their size.

>>51076872
Crescat's 20% position is now worth $110M+, kek

>>51077462
yes SGD is a homerun. Jealous of people who bought but oh well, that's life. Hopefully it won't be the only one running.

>>51076872
>I shouldn't keep being overweight in a few company but adopt an ETF style portfolio
Entirely depends on your portfolio size really.
Mine is only around 65k in USD and I have one uranium, three gold/silver and one nat gas I and will have one oil when I rebuy into it (probably after elections unless it's clear they can't keep it down).

If you're not operating around the 200k level then I say why fuck around spreading your small bets if you know you'll have one that will vastly outperform the rest

uranium bros

>>51077767
That's what I thought but that other anon proved the opposite. If we do get the bullmarket we think is ahead of us, why bother taking the risk of going deep into sub-10 positions ?

I'm not saying 10 bagger will be everywhere but having core "overweight" position + lot of small bet is a better strategy imo. That's the conclusion I came onto after 2 years of crabbing. 1k7 is now 20k >>51074172. GOod chance he wouldn't have invested in SGD if he was not in a ETF style portfolio.

>>51077595
>Hopefully it won't be the only one running
definitely wont be fren, we should see several like this a year, maybe Rana next?

>>51076295
Similar to how the previous administration starting releasing news nonsense about a China trade deal whenever the stock market looked frail the current one keeps releasing nonsense about some Iran deal whenever they want to slash the price of crude.

>>51075419
I've been saying for a month that uranium was about to imminently move up. I've been saying for a month that Justin from uranium insider has been screaming that there would be an imminent move up in uranium. We are entering seasonality. Great money to be made.

I've even saying the entire time that traders would have likely taken an oil posistion last week but I personally would not be doing that because I see further downside.

Regardless, it is pretty much indisputable we are going to have some kind of broad market crash within the near term future 1-6 months so don't get too caught up in the short term.

>>51078184
hope so. BLLG is my biggest position with 15k shares

>>51077858
That's just one anon though, it's easy to see it work for someone and say "damn I should have done exactly that."
You are right that the ETF style can net you good wins that you may not have picked up otherwise, it's just preferrence I guess. I'd rather miss the occasional 20x I would have had a few grand in here and there than have my core position be considerably smaller than it could have been and watch it pull a 30x.
I'm confident that my overweight picks will yield similar results, could be sooner than others or could be later but hey hindsight is a bitch, I know I'll get there in the end.

It does feel bad seeing other picks shine like that before your own but I'm still happy for those who got in.

I'm pretty tempted to short one of these uranium companies today but I'll hold off on that and see what they do tomorrow first. Big move already today but if they continue climbing tomorrow then I may be inclined to short or buy some puts. Maybe. Hard to be confident in these markets

Is it just me or does OII look cheap right now?

Lol at that guy who tried to do “”TA”” on snowline talking about a pullback. Cringe

Bros. This is why I'm not buying oil right now. We are coming up against the 200 day moving average. The macro picture is bearish, elections (low oil prices), SPR releases. While I'm bearish oil on the long term, i think over the next month or two the oil price is bearish.

So we dipped below the 200 day ma, we are currently testing that and I expect it to go down further. Summer driving season is over. Not only that but we are over bought on the RSI likely showing a temporary top.

I'm absolutely bullish oil, I just see further downside. If you want to take a position do what you want. Most traders would have taken a tranche position a couple days ago. Me personally I'm waiting. I just see sideways churn.

>>51078914
good TA. I bought a lot of oil/gas stocks recently but it's always good to be careful like this

>>51078914
>nazi furry believes in meme line astrology

Fascinating tell me more.

>>51078184
Poo bros...

One more thing to consider. Canada just made a deal to export green hydrogen to Germany. The reality is that the hydrolysis plants will be powered by nuclear reactors. Canada is exporting nuclear power to Germany in a form that allows German politicians to save face.

>>51078912
Even my girlfriend who has no training in stocks other than listening to me rant for eight hours a day is calling a correction on this one.

You guys can be retarded and deny reality all you want. Stocks WILL pullback once they get stretched about 75% over the 200 day moving average. We've seen it with uranium. Emerita. CGX. Countless examples.

You're ignoring the Lassonde Curve. You're ignoring basic investing strategy. You're ignoring chart technicals. You are ignoring past examples of this exact scenario playing out.

Yeah I'm sure the mine in the middle of fucking nowhere is going to keep delivering value once the assays are out. This is where you should be taking profits, not buying in. It's 5-10 years for it to become a mine. Period. I'm not saying to cash out but for fucks sake take some profits off the table. Especially if you're sitting on a 1000% return. Wtf.

I AM CALLING IT NOW ON SNOWLINE GOLD. We are now over the Bollinger band and riding it. This price action only lasts for five to seven days 95% of the time. I am OFFICIALLY calling that within the next five to seven days Snowline gold will correct by 30%. My target for first correction is about $2.35 (the 18 day average), and then further correction targets are about $1.48 and then $1.00 respectively. (Lower Bollinger band and then 200 day MA)

If this happens you must from here on after proclaim me as the greatest chartist on all of biz. You will defend me against my enemies and give me your women for one night a month. You will also attack David Hunters credibility at every opportunity and call him a moron/boomer/hack. You will verbally assault people who supportively post David hunters tweets.

>>51079015
I'm not a furry.

>>51078987
Nothing wrong with taking a position right now. Its a decent time. Any technical trader would tell you that. I'm just not personally because i see more downside. Maybe I'm jaded. Maybe im bitter from being a gold investor for so long.

>>51079035
we are forgotten...

>>51078914
and not only that but on the oil chart that 200 day MA resistance is combined with the bollinger band so good luck getting through that,

>>51079110
So do we buy Snowline at under $2?

>>51079102
Canada is also mandating coal plants to shut down by 2029. It's obvious there will be more energy production from o&g, nuclear and others to fill the void.

An interesting thing to ponder though is where will Canada get fly ash after coal plants shut down? Fly ash is a necessary component in concrete.

>>51063112
Have you heard of bayhorse?

>>51079160
When will it be our time… when will Rana Vig deliver the assays mother basterd FUCK

Uranium is finally going up! Should I hold or get off once I finally break even? I can't take anymore drops. I've realized I don't have the balls for stocks they're always stressing me out. Would you keep holding stocks like URNM and URA or would you sell once u break even if you were me?

>>51079110
Snowline's price action on the charts has nothing to do with chart technicals. It's not like it triple bottomed then consolidated for a while so people thought it was safe to buy. Its moving because the assays confirm the deposit is north of 10m ounces, and the stock needs to reprice higher. You think it's going back to trading at $5 per ounce of gold in the ground based only on your TA? This isn't like the normal ebb and flow of stock movements here.

>>51079110
>lassen curve
Even in hell I get no respect

WHO THE FUCK IS BUYING THIS????

>>51079518
Far from confirmed it's 10Moz, but it doesn't have to be for the stock to move higher. If you just do some napkin math on the possible size of the deposit outlined by the drill holes showed on their map I get what looks to be around 5Moz at a relatively high grade with low strip. That alone should be worth significantly more than current mkt cap but we only have a few holes at this point so have to infill to confirm of course. Gonna cost some money to drill out as well.

>>51079160
This maderchod should be drinking water and eating beams until he releases the bonanza grade you gang mader bitches

>>51069324
Sex dolls

>>51079542
you still haven't missed the boat, just hop on board. Once the Corrib acquisition finalizes and we enter 2023 lots of hedges will fall off and European natgas production will increase. Also when the acquisition is closed they'll get their share of the profits from Corrib since Q1 as lump sum for a nice quarterly boost to earnings

>>51079542
People who want to suffer the unbearable weight of massive free cash flow

>>51079510
if i where you i would sell everything at break even
luckily im not you

>>51079510
yes, please sell me your backs when u finally break even, i haven't acoomoolated enough

>>51079510
sell everything, reallocate to Snowline, Atlas and Vulcan, retire in 5 years to Japan

>>51079776
*bags

WHO THE FUCK IS BUYING THIS TOO????

>>51079542
Just at a quick look I would buy that chart. I'd have to do more research of course.

>>51079518
And uranium has the most bullish fundamentals of all time and it still corrected. Cgx had whatever million barrels of oil and it still corrected.

>>51079658
Every stock in my portfolio is worth 3-10x what I paid for it. The market doesn't care about what a stock is "worth". I'm right there with you guys. I'm just saying that stocks this far over the 200 day will correct and that mining stocks after discovery phase will always correct.

>2022: “macro setup is perfect, precious metals set to explode higher!”
>2023: “macro setup is perfect, precious metals set to explode higher!”
>2024: “macro setup is perfect, precious metals set to explode higher!”
>2025: “macro setup is perfect, precious metals set to explode higher!”
>2025: gold $1,800, silver $20
Please explain to me why this won’t happen because it sure looks very likely

>>51080393
it will happen

>>51080393

>>51080393
PM's almost never "explode" upwards, and when they do moon they'll correct back down in a day.

that's the whole reason people hold them. Because they DON'T moon and probably never will. They're really stable.

Rick Rule's reaction to today's price action in uranium.

https://twitter.com/RickRuleRulz/status/1562436497894436867

>>51080393
>2003: “macro setup is perfect, precious metals set to explode higher!”
>2004: “macro setup is perfect, precious metals set to explode higher!”
>2005: “macro setup is perfect, precious metals set to explode higher!”
>2006: “macro setup is perfect, precious metals set to explode higher!”
>2007: gold $750, silver $10
>2008: BOOM

Is athens fucked up?

https://www.mining.com/web/polyus-issues-bonds-in-chinese-yuan/

World has broken in two.

>>51079110
>You will also attack David Hunters credibility at every opportunity and call him a moron/boomer/hack. You will verbally assault people who supportively post David hunters tweets.
i'm with you on this one regardless of what happens to snowline

Syscon will never run into inordinate fees as experienced by others. A transaction that could cost 100 dollars on the ethereum platform under enough congestion would only be a fraction of a cent under the same conditions on the syscon platform.

Doesn't seem like they are very serious about bringing inflation down. Apparently 5.4 million on Pell grants right now so that's a lot of people getting 20k. I don't live in the US but damn I would be pissed if I had paid off my student loan already. Very unfair scheme and pretty arbitrary who gains from it.
I believe I saw the figure $300B as a total for the loan amount forgiven. Not chump change. And another extension on the repayments.

>>51080957
this is actually pretty big news. I think we're going to see more of these kinds of moves going forward. The world order is changing. It's an OPEC+ and BRICS world now

Shit, this dropped today as well, haven't seen it mentioned here yet:

https://indianexpress.com/article/india/narendra-modis-nuclear-push-gains-traction-with-new-plants-on-way-8109234/

>>51080265
Snowline isn't going to trade off technicals in the near term, results from drilling will move the stock. Every single hole coming out right now is extremely important as the fill in the gaps and test the limits of the deposit.
I don't own the stock either myself. I considered buying after they announced the core looking really good with all the visible gold with the stock was still in the low $1s, but I'm not going to chase at US$400M fully diluted because it's definitely not a sure play as some make it sound like. And a 10x from here is very unlikely, that would be $4B, or 3x what Kinross paid for Great Bear and everyone said was overpriced.

>>51076260
So not only did this happen, I got a $0.40 "merit raise" at my work (Walmart). I currently make $17.20 in Ontario for a part time position (7 years). Feeling fucking comfy

>felt like I missed out yesterday
>get told it was a momentary pump trust the plan it still will fall
>come home today and see my watchlist
AAAAAAAAAAAAAAAAAAAAAAAAA YOU TOLD ME IT WOULD CRASH THEN BUY

>>51083085
he told you it would crash in 1-6 months

1-6 months is more than 1 day

>>51081793
>I believe I saw the figure $300B as a total for the loan amount forgiven. Not chump change

yes it is, compared to the Covid stimulus we just printed in the trillions. although its still inflationary, this is like a drop in the bucket

>>51079542
I bought VET and AA this week. Not sure if I also buy SMR now or wait.

>>51062423
someone get me a pic of the germans laughing at trump when he confronted them about their dependence on russian oil

Is crak good for my oil exposure?

> "When they come out with their numbers tonight, you are going to find that Iowa and Illinois are looking at largely average crops," said Jim Gerlach, president of brokerage A/C Trading in Indiana. "The heat got to this crop."
> https://www.nasdaq.com/articles/grains-u.s.-corn-firms-for-sixth-session-in-a-row-onions-weak-wheat-strong

Not really all that exciting news, but just a bit of confirmation that the harvest this year was largely disappointing in the US. Seems the last bastion is Brazil for EU and Asian countries.

>>51081793
The inflationary impacts of this will be interesting to observe, but as someone else pointed out, it won't really put much of a dent on paper.

>X trading at a P/B of 0.54

Hm hm yes I see. Once the China FUD ends I will go in.

>>51083202

What's up with precious metals? Where do you guys see that market going? I guess I'm now a long term holder

>>51083703
Higher.

>>51079110
If you're right on this I will be much more calm in terms of not going all in 2 weeks ago and will be waiting for the everything dump to buy. Also will want to learn TA from you.

>>51083818
>>51083703
As far as miners go, I am extremely worried energy costs will sink value so while metals go up, they can't afford getting the stuff out of the ground. Physical wins but stocks suffer is my biggest fear.

>>51083565
I want to reply to this but am being told its spam. There are too many dipshit filters on this site now.

>>51083998
unfortunately this is already happening. A number of junior projects have already had to shut down because the cost of operating their new projects skyrocketed out of reach. Fuel and materials costs cratered Osisko Development at Bonanza Ledge for example.

>>51084047
Sucks how miners are the worst buy anyone could have made. Is there any way out or are they are the mercy of the energy crisis which people predict will last 10 years?

>>51084233
Miners and juniors that have good infrastructure nearby should see some benefit you would think, as they get comparatively more attractive, but Galleon is right off the highway near Timmins and they have power lines running through their property, and the stock is virtually dead.

>>51084233
I told all your retarded limp dick ubercuck faglords that silverjew niglet was a fucking scammer and I was berated to no end for it. I hope everyone that fell for that shit loses their shirt, forcing them to give niggers under bridges handjobs for cigarette money.
Fuck you all

Man I'm getting nervous about Peninsula being the Cameco of juniors, should I dump it for something else

>>51084617
Going to assume bayhorse is the only miner in the world?

>>51084707
Was thinking the exact same thing.

>>51083248
My dad actually wants to sell out of VALE (20x$17.02) and X (50x$23.19) right now. Tempted to just buy VALE off him and collect a divvy

>>51084617

>>51083565
smug retards. I wonder if any of them are looking back at this and thinking to themselves how fucking stupid they are? Probably not, politicians are spineless slugs with no feelings of accountability or intellectual honesty

>>51084707
But Cameco is a profitable company unlike Peninsula

>>51084996
I'm talking about how the both of them contracted their pounds for peanuts

>>51085006
But according to their Q2 earnings report, the average realized price per pound this year has been US$44.97/lb.

>>51084773
I want you to buy every pick silverkike ever shilled
Go all in. Slurp it all up

>>51085006
>>51084996
>>51084949
>>51084869
>>51084834
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>>51085114
Considering people assume this is going to go way higher, its not ideal.

>>51085122
I don't know why you're so mad, but take it out on the correct party.

>>51084581
bingo, projects close to or with existing infrastructure are far better setup to deal with this sort of issue than more remote ones. That makes a lot of my favorite explorers look a lot less appealing.

>>51085151
What do you mean it's not ideal? The price they have realized up till now has kept up with the price of uranium. If you thought they have no leverage to higher prices, think again.
>This year has already been a contracting success with over 45 million pounds added to our portfolio of long-term uranium contracts and we continue to have a significant and growing pipeline of contract discussions. And, we are being strategically patient as our primary driver is value and we have significant leverage to market improvements with unencumbered pounds in the ground.
They have a world class uranium mine with lots of high grade pounds that have not been contracted. Their realized price per pound will keep up with the spot price even if they don't allow themselves to be swept up into the ebbs and fluctuations of price swings.

>>51085151
>mad
Could not be happier. Waking up at 4 am to try out my new bow. There's a nice 3x3 hiding under the lean to covering the water filters beside one of the cabins at the club. He thinks he's sneaky

>>51083998
If you're looking to buy snowline and if I'm correct then you'd want to wait for the discovery peak to roll back down and then get in on the development phase. Only problem is that would be a few years from now. Look up the lassonde curve.

In the meantime there's plenty of other opportunities. Uranium is looking like it's about to go off for real.

>>51085239
At the very least you have a chip in your shoulder. I never understood how people can deny it after displaying it so blatantly. As subtle as a fat guy covered in chocolate telling everyone he is on a hardcore routine.

>>51085432
Damn, better not to postpone any buys anymore, huh.

>>51085439
This is 4chan. We all have chips on our shoulder. Have an effeminate selfie.

>>51085452
We were getting in around 25 cents. I don't think there's a one size fits all solution. Sometimes you need to be aggressive, sometimes you don't. You get a feel for it the more you're in the markets. This snowline thing I've just seen play out a few times and am thus basing my opinion on that. It could be like Aya gold and silver which went to retarded valuations and I was screaming the whole time that it was retarded and honestly I was really butthurt.

>>51085432
Do you think if Powell might cause a dump and take uranium along with it on Friday though

>>51085456
>>51085452
>>51085439
>>51085432
>>51085239
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>>51085588
Nigger.

>>51085439
Let me explain something so its clear and there's no misunderstanding
I'm the greatest achievement of the universe. My splendor is unparalleled, inconceivable to mere humans. The depth of my perfection is endless. Only my flawless exceeds my stupefying immacularity. Even I am awe struck, flabbergasted, by how magnificent I am

So what actually caused the uranium market to pump was it the Japanese saying they are turning back in their reactors and building new ones? Because the spot price of uranium is only up slightly

>>51085651
I don't know but Im pissed that I didn't buy Encore yesterday, this shit make no sense.

>>51085641
Flawlessness ***
I'm cooking for the squad. Gotta out the boys to bed asap. The kids keep us up all night giggling like a bunch of nitrous huffing hippies in a phish lot. I only sleep about 4 hours a night at the lodge. I need a vacation from my vacation lifestyle

>>51085651
>>51085696
The Japanese news and the Indian news in the past 48 hours was the straw that broke the camel's back. It wouldn't have happened if there wasn't also a ton of other bullish news build up over the summer.

>>51085519
Powell might plus job reports plus September being the dump month plus some kind of hewbrew thing is supposed to happen I keep seeing people mention. I am ready to buy any dips and not try and time bottoms.

>>51085836
Well I reduced my position in Peninsula and moved some of it to Deep Yellow, was just wondering if I should move the rest to Encore right away or wait for a dip

>>51085696
>encore
Who cares? Right now, the U sector is so small, everything moved in lockstep. UUUU or EU or DNN or UEC, it' all the same right now.

>>51085899
If it doesn't correct Friday/Monday, it'll probably keep running up until the next CPI print and rate hike, at which point uranium majors will be testing this runs ATHs. At that point, they could correct back down for a bit, which would give you one last backup entry in late September. After that, it's not going to matter what the Fed does, Fed can keep offloading their balance sheet and dump the SPX down to 3200, uranium will just decouple and soar like it did under the same conditions in the 70s.

How should we vote bros?

>>51084617
Sup Riddle, been a while

More info on Indias plans to introduce 6 GWh of NPP capacity. The newest addition recently announced includes two 700 MWh reactors. They have a conservative roadmap (2070) for net-zero emmions, which seens comenserate with their current 70% of domestic energy being generated by coal. America by comparison has ~11% of its grid powered by coal. India is expected to undergo a 140% increase in demand for energy in the next 20 years.. last green candle for U sector is the first of many. These prices will be bargains in due time. Encore is where im betting, alongside Energy Fuels for sheer meme power.

https://www.dailyo.in/news/ntpc-to-develop-2-new-nuclear-power-plants-as-india-aims-to-shift-to-clean-energy-37078

Good news for LNG: It just passed the 300 mark in Holland. Bad news: Those dumb cowboy hat wearing motherfuckers in Freeport that blew up their own facility have now pushed the reopen date back to November. And interestingly, the US exported a record amount of both crude oil and refined fuels last week.

https://tradingeconomics.com/commodity/eu-natural-gas
https://tradingeconomics.com/commodity/crude-oil

Adjust your investment strategies accordingly. Oil may be the better bet until it starts snowing in Europe and the Texans get their shit together.

>>51086929
don't forget companies with exposure to Henry Hub prices as those will likely close the gap with TTF. Once the Freeport terminal comes online again it'll suck 2Bcf/d from USA to Europe

All of the silver being withdrawn out of the COMEX is going on to German rooftops in the form of solar. Why aren't the Germans paying a fair price for our silver? They're basically stealing it because of CME price manipulation.

https://www.cnn.com/2022/08/24/business/germany-solar-power-russia-gas-crisis-intl-hnk/index.html

I say we go over there and steal it back.

>>51085519
It's looking right now like the meeting Friday will be good for commodities but there's still looming September Jewish trickery

Here's an oil and gas company I will probably buy today: Birchcliff Energy. They are 100% unhedged and they produced 360MMscf natgas in Q2, plus some condensates, NGLs and oil. About 80% of their production is natgas and in barrels of oil terms they produce about 70k-80k boe/d. Their natgas is priced in Henry Hub prices which I believe will keep climbing up due to the big price arbitrage caused by European prices. Freeport LNG terminal should come back online this year which will drain 2Bcf/d from US markets and into Europe. Looking at just BIR's natgas production, assuming 350MMscf/d at $10/mmBtu their revenue would be $1.28B next year. Assuming $70/bbl oil price they'd make about $380M in revenue from their other sales next year for a total of about $1.66B revenue. Assuming total operating expense to be $135M/q (a bit higher that their quarterly costs) their operating income would be $1.1B next year making their net earnings after taxes about $865M, which would make their P/E a year from now about 3.7x right now at $70 oil and $10 natgas, not accounting for higher natgas/oil prices.

They'll also get a chunky dividend, they intend to pay $0.8/share every quarter next year. That would be a 6.56% div yield, and they may pay more if they make more. I would think of it as as good a play as Vermilion, except with more leverage to energy prices especially in the USA. The high exposure to US natgas prices is a nice feature especially because I don't think there is much downside risk to Henry Hub prices. It also has comparstively less exposure to oil prices than Vermilion, while Vermilion has the advantage of direct exposure to UK/EU prices. I will own both starting today.

>>51087817
>360MMscf natgas in Q2
360MMscf/d

>>51087817
It's a good pick
Their lower exposure to AECO compared to other Canadian gas plays should be great for cash flow.

>>51087901
Oh yeah I forgot to account for that ~15% of AECO. Well, for the sake of brevity let's assume the total average would be $10

>>51084581
Location is a huge advantage for Galleon, their problem is an UG resource of 3 g/t, told ya'll this last year. Look up the producing mine next to them, is it Pan American. Their mine is now down to around the same grade and they dont make any money.
I think a significant part of their resource is near surface though and I believe they are working on OP studies as well so that could be interesting. Dont know why they chose to go with 100% UG in their PEA. If they have just a couple hundred thousand ounces of say 2 g/t at a somewhat reasonable strip that's worth a lot of money considering there is a mill nearby.

https://www.zerohedge.com/energy/saudi-arabia-planning-build-worlds-largest-wind-farm-uzbekistan
1.5GW wind farm, enough to power 1.65M homes. Y'all renewable haters think the Uzbekistan gov is subsidising this? Or is it getting built because it's the cheapest form of energy.

>>51088591
>because it's the cheapest form of energy.
I agree wind/solar can be very economical but have you done the math to back this up?

>>51088637
>have you done the math to back this up?
Of course he has. This is the dude who in his 12 months here has done more DD than all of us combined since /cmmg/ started. He is a self proclaimed and therefore undisputed master of research. He literally GOOGLED the global oil reserves. Don't you use GOOGLE? Don't you trust the saudis and the venezuelans? Oil is going to average 60 for the next decade.

>>51088702
It was my understanding that a lot of the Venezuelan oil isn’t viable, or atleast it would be so expensive to extract that we’d need much higher prices to even justify it

>>51084581
>>51088360
Galleon is still drilling, hitting vg and has only explored 8-9% of their property, it's a long-term story with underground first followed by pit. Sprott also continues to back them. Hopefully, assays soon

>>51088773
>has only explored 8-9% of their property
you need to take into account the drilling costs. Exploring 100% or even 50% of their property would be terrible for the company. The less an explorer has to explore the better

>>51080461
RANA WHERE IS BONANZA GRADE YOU MADER GANG

>>51088702
And he reads OFFICIAL government reports and knows that they never lie or fudge numbers at all.

>>51088637
I don't know any numbers for this specific project, but you can look up PPAs (power purchase agreements) for wind and solar projects and some compare very favourably to fossil fuel production.
>>51088702
Kek
>>51088773
They always drill the best targets first so maybe they will find something else but you can't count on it. By far most of their value is in what they have now.

>>51089162
PPAs are a new beast for me, could you educate me a bit about those please? I'm always eager to learn. How does one determine which is more expensive?

>>51089280
Private companies build these large wind farms and solar projects and will then sell the electricity for an agreed upon price over 20 years for example to a utility company, that is the PPA. Some of these PPAs have been done at a few cents per kWh for renewable, but then if you they are a large part of the grid you have to add cost for load balancing (storing the power as it is more intermittent). Been a while since I looked into this but nuclear power at least back then isn't as cheap as many of the bulls seem to think it is. I remember the price as like 10c/kWh. Building these plants are extremely expensive and often times go way over budget, I remember reading about a british plant that just kept getting more expensive and taking longer. But when you already have it built the fuel in itself isn't that expensive I believe which is why it's completely retarded that germany is shutting down all their plants right now especially with gas and coal being extremely expensive. It really makes you wonder wtf they are thinking.

>>51089412
Interesting thank you. Europeans price their natgas is €/GWh so the current high of +€300/MWh would translate to €0.3/kWh so at €100/MWh (~$30/mmBtu) the price would be €0.1/kWh. No matter how I look at it I don't see Europeans getting gas at a lower price than that for the foreseeable future and that will likely mean the same for electricity prices regardless of which form of energy it is.

Very interesting stuff, learned something new today

>>51089579
>GWh
MWh

>>51089412
>In 2019 the US EIA revised the levelized cost of electricity from new advanced nuclear power plants going online in 2023 to be $0.0775/kWh before government subsidies, using a regulated industry 4.3% cost of capital (WACC - pre-tax 6.6%) over a 30-year cost recovery period.[80] Financial firm Lazard also updated its levelized cost of electricity report costing new nuclear at between $0.118/kWh and $0.192/kWh using a commercial 7.7% cost of capital (WACC - pre-tax 12% cost for the higher-risk 40% equity finance and 8% cost for the 60% loan finance) over a 40-year lifetime.[81]
So the cost depends highly on the cost of capital because upfront cost is so high, and how much future cash flows are discounted which have to do with risk. So in China it's probably pretty cheap due to cheaper construction and low political risk.
>>51089579
Yeah prices are obviously insane right now. Gas used to be very cheap and have generally been cheaper than coal and nuclear, at least in the west. Which is probably why it has won so much market share over the past decades. Prices are going to come down to slightly above cost of production like it always does at some point but how long it will take is hard to say. I think we're in for a serious recession/depression which will go a long way to help energy prices come down.

>>51089671
Great visual in this pic to get the chuds to understand the energy market.

>>51067431
Hello newfren :)

>>51089715
Where 2020-2022 data????

>>51089671
>Gas used to be very cheap and have generally been cheaper than coal and nuclear, at least in the west. Which is probably why it has won so much market share over the past decades.
It's still relatively cheap in the USA but I see the massive arbitrage between European and American prices closing in. TTF will probably settle somewhere between €100-300/MWh sometime while Henry Hub will probably keep going up and stay well above $10/mmBtu. Global natgas fundamentals have been rattled like never before now that Europe is bidding more and more on global LNG markets and USA is sending their domestic supply to meet European demand. If the US increased production substantially they would be able to hold back the price of their own natgas but it seems both the shale companies and the Feds are not yet incentivized to do that. SPR is being drained faster than ever. Also OPEC+ is taking control of oil prices to capitalize on the foolish energy policies of the West.
>Prices are going to come down to slightly above cost of production
Don't forget shipping, liquification and regasification. Europe was up until recently enjoying cheap Russian pipeline gas but now they're going to have to bid for LNG which is more expensive. Building new pipelines is also arguably just as expensive as buying LNG. Way to plunge citizens' standard of living into the gutter... I live in Finland btw so I get to enjoy this shitstorm develop from front row seats. Can't wait to go die in a war with Russia in the near future for my NATO masters

>>51089784
Dno. Lots of costs have increased but the long term trend is clear.

ENG or KMI, which is better? This question has been bothering me lately

>>51089875
How is that relevant though if the capacity factor is commonly like 30%. You then have to install more capacity and then back it up with more reliable forms of generation.

>>51089857
You vill die so Ukraine can have gay pride parades.
>>51089891
Capacity factor may even typically be 20-25% for solar, but if you just install enough of them they could power the entire world just from desert areas. You can store the energy in batteries or hydrogen or other energy storage solutions.

>>51089988
>but if you just install enough of them they could power the entire world just from desert areas. You can store the energy in batteries or hydrogen or other energy storage solutions.
The issue that is too often unaccounted with this is that batteries, solar and wind are very material intensive to build en masse. One reportage I read about that was done by some national geological institute here in Finland concluded that we simply do not have enough mineral reserves in the whole world to power most of the world with these technologies. As materials become scarcer so do their prices increase, and this would even affect the prices of other goods in the market. I can't find the article that mentions these things and other problems with relying on renewables and batteries, but once I get home I can link it here. I have posted it before and I still have the link on my computer

Never mind found it: https://issues.org/environmental-economic-costs-minerals-solar-wind-batteries-mills/
>In a recent report from the Geological Survey of Finland, researchers considered the minerals implications for achieving a so-called full transition; that is, using solar and wind to electrify all ground transport as well as to produce hydrogen for both aviation and chemical processes. They found the resulting demand for nearly every necessary mineral, including common ones such as copper, nickel, graphite, and lithium, would exceed not just existing and planned global production capabilities, but also known global reserves of those minerals.
The article goes into much further detail. It's very much worth a read

>>51061968
very possible. Which is why I'm holding till winter and then selling.

>>51090188
I don't buy it. You can store energy 100 different ways for grid energy, you aren't constrained like with car batteries where you need high energy density. They are working on so called flow batteries which can be based on abundant materials such as zinc or iron that are also pretty cheap for longer term storage.
People will always look at current production and then say wow we don't make enough of this or that, well we can increase production we are also seeing an exponential rise in recycling of stuff like copper. And there's still so much copper in the ground, it's not a scarce resource at all. Even if we have to pay 50% more to extract it due to lower grades it's not going to blow out the cost structure.

I was down considerably on my uranium and was down too much to sell earlier in the week. If I had sold I'd probably rage quit stocks forever. I'm close to breaking even now but this action makes me think we're going considerably higher. Hopefully URNM breaks 100 a share. Now if only precious metals could recover. Still, feels good to watch uranium pump uraniumbros

>>51090326
Did you read it? "They found the resulting demand for nearly every necessary mineral, including common ones such as copper, nickel, graphite, and lithium, would exceed not just existing and planned global production capabilities, BUT ALSO KNOWN GLOBAL RESERVES of those minerals. It's put into plain words. Supply from recycling would have to skyrocket to keep up, or new reserves found. Neither seems like an easy task to me

>>51090326
>high energy density is only relevant for transport

>>51090393
Much of these materials going into car batteries and such is going to get recycled so we only really need to mine it once and I don't think that's going to be a problem at all. There may be times of tight supply but we'll figure it out. And there's always substitution, you can use aluminium instead of copper for example. Lots of workaround and solutions.

Made a new one >>51090400

>>51090397
Yes? You can have a large battery for grid energy storage, doesn't matter. Cost is pretty much the only factor there.

>>51090348
I'm sorry. I had to say something. Now it's going down. Welp. That's me for ya.

>>51090326
I don’t believe that you can store many giga watts of power and release it safely, seems ridiculous to me

>>51062073
You Mader gang the bonanza grade will kindly come you bloddy bitch

What would you guys say is a WAGMI amount of shares for Encore?