• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Energy Market
    Energy News
    Energy Stocks
    • Energy Market
    • Energy News
    • Energy Stocks
    uranium investing

    VIDEO - Energy Update April 2019

    Georgia Williams
    May. 06, 2019 02:55PM PST
    Energy Investing
    ASX:BOEplay icon

    In this update, INN looks at the biggest developments in the uranium and oil and gas sectors during the month of April.

    As spring heats up, so does the energy sector. 

    April started with uranium company Boss Resources (ASX:BOE,OTC Pink:BQSSF) announcing the receipt of a mineral export permit from the Australian government.

    Boss has steadily been working towards restarting uranium production at the Honeymoon mine and is now fully permitted, and looking for long-term buyers.

    In mid-April, the US Department of Commerce handed down its ruling on the Section 232 investigation. The probe into foreign uranium imports was passed on to President Donald Trump, who has 90 days to announce his decision.

    If successful, the Section 232 investigation could lead to a 25 percent domestic production quota in the US, as well as a stipulation forcing all US government agencies that use U3O8 to purchase domestically.

    Also in April, Raymond James released its list of three uranium stocks to watch. Cameco (TSX:CCO,NYSE:CCJ), NexGen Energy (TSX:NXE,NYSEAMERICAN:NXE) and Uranium Participation Corporation (TSX:U,OTC Pink:URPTF) took the top spots.

    “We have reduced our 2019 average uranium price by 8 percent (to US$30.80 per pound from US$33.63 per pound) to reflect the weaker market to start the year,” analysts noted.

    Lastly, the Minerals Council of Australia has once again come out in support of Australia repealing its nuclear energy ban and looking into developing a nuclear energy strategy. The issue had been raised on the campaign trail when Prime Minister Scott Morrison stated he isn’t ruling out the idea, but it is not a priority of his.

    Australia is home to several high-grade uranium deposits, although the country has had a strict ban on nuclear energy since 1998.

    The current U3O8 spot price is US$25.75 per pound.

    Moving over to oil and gas.

    At the beginning of the month, Trump issued his second executive order related to advancing construction of the Keystone XL pipeline. The expanded pipeline, which currently runs between Hardisty, Alberta and Steele City, Nebraska, is expected to carry 830,000 barrels of crude daily across the border between the cities.

    Following a bumpy start to the year, the price of oil began to stabilize in mid-April.

    Long-term production cuts on the part of the Organization of the Petroleum Exporting Countries have kept crude prices from fluctuating wildly in the first quarter of 2019. The organization has removed more than 1.2 million barrels per day from the market in an effort to calm volatility.

    Over in Australia, Santos (ASX:STO,OTC Pink:STOSF), one of the country’s largest energy producers, reported a new sales record for Q1 2019 of AU$1.02 billion.

    The record number comes despite Tropical Cyclone Veronica impacting Western Australia and outages in the Cooper Basin.

    The current price of Brent crude is US$74.27 a barrel while West Texas Intermediate is sitting at US$65.83.

    Don’t forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

    uranium investingasx:boesection 232boss resourcestsx:nxeasx:stouranium participation corporationnyseamerican:nxenyse:ccj
    The Conversation (0)

    Latest News

    Alvopetro Announces September 2025 Sales Volumes, Quarterly Natural Gas Price Update, Non-Core Disposition and Western Canadian Expansion

    Angkor Resources Completes First Onshore Seismic Program in Cambodia; Vanderbilt Report Publishes Coverage

    CHARBONE Hydrogene securise les actifs de production d'hydrogene d'Harnois Energies pour accelerer la production d'hydrogene propre a ultra haute purete a Sorel-Tracy

    CHARBONE Hydrogen Secures Harnois Energies' Hydrogen Assets to Accelerate Clean Ultra High Purity Hydrogen Production at Sorel-Tracy

    AEG Confirms Pre-Sale of 35% of Initial 8 MW UAE Capacity with Strong Revenue Outlook and Clear Expansion Path

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Energy Investing Stocks

    Skyharbour Resources

    SYH:CA

    xU3O8 (uranium.io)

    Saga Metals

    SAGA:CA

    Basin Energy

    BSN:AU

    AuKing Mining

    AKN:AU

    North Shore Uranium

    NSU:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES