Sean Brodrick – Reviewing The Weakness Across Most Markets, But Seeing Opportunities In Energy Stocks

Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to review his thoughts on the recent bout of market weakness seen across the board with US general equities, the energy sector, the precious metals, and most of the commodities sector. We discuss the potential lagging effect of the Fed’s higher for longer policy on interest rates, and how that may be a factor some market participants are becoming more concerned about.  Additionally, we note that the Chinese economy has been weaker than expected and that has been a drag on overall commodities uptake in the world’s second largest economy.


Next we shift the conversation to the energy sector and get Sean’s take on the key macro drivers in the oil price movements and projections moving into the medium-term.  He also reviews the types of oil stocks he would invest in for this environment, outlining some existing positions he has in Marathon Oil (MRO), Devon Energy (DVN), Diamondback Energy (FANG), and Baker Huges (BKR); reflecting on the strength of the oil services sector.


Lastly, we wrap up discussing some of the key macro trends in the nuclear energy sector and how that relates to the uranium mining stocks.   Sean discusses the strong price action in Cameco (CCO) (CCJ) as a sector major producer and widely followed company; but also highlights his position in Ur-Energy (URE) (URG) as one that has been resilient lately, based on future expectations for growth.




Click here to learn more about the Wealth Megatrends letter.

    Aug 15, 2023 15:51 PM

    Oil Steady Despite Large Crude Draw

    By Julianne Geiger – – Aug 15, 2023

    “Crude oil inventories in the United States saw a large draw this week of 6.195 million barrels, the American Petroleum Institute (API) data showed on Tuesday, after last week’s surprise 4.067 million barrel build. Analysts were expecting a draw of 2.050 million barrels in U.S. crude-oil inventories. The total number of barrels of crude oil gained so far this year is nearly 18 million barrels, according to API data, although there is a net draw in crude inventories since April of almost 30 million barrels…”

    Aug 15, 2023 15:55 PM

    I had mentioned in the interview Cameco’s foray into the nuclear power plant world through the takeover of Westinghouse, along with Brookfield Renewable Partners.

    Here is an article that came out at the time (end of last year) outlining this transaction:


    Cameco partners with Brookfield Renewable to buy nuclear firm Westinghouse for almost $8B

    Thomson Reuters · Oct 12, 2022

    “Uranium miner Cameco Corp. and alternative energy firm Brookfield Renewable Partners said on Tuesday they would acquire nuclear power plant equipment maker Westinghouse Electric in a deal with a price tag of $7.9 billion US.”

    “The deal for one of the most storied names in the American power industry comes at a time when nuclear power is seeing an uptick in interest amid an energy crisis in Europe and soaring crude oil and natural gas prices.”

    “Nuclear power is also key for countries to meet global net-zero carbon emission goals and could be on the cusp of a boom seen after the 1970s oil crisis.”

    “We’re witnessing some of the best market fundamentals we’ve ever seen in the nuclear energy sector,” Uranium fuel supplier Cameco’s chief executive officer, Tim Gitzel, said.

    “Cameco will own 49 per cent of Westinghouse, while Brookfield Renewable and its institutional partners will own the rest.”