Hedge Funds Pile Into Uranium Stocks Set for ‘Dramatic’...

Hedge Funds Pile Into Uranium Stocks Set for ‘Dramatic’ RiseUranium prices have soared 125% since the end of 2020IEA estimates global nuclear capacity needs to double by 2050Gift this articleHave a confidential tip for our reporters? Get in TouchBefore it’s here, it’s on the Bloomberg Terminal LEARN MOREBy Sheryl Tian Tong Lee29 October 2023 at 15:00 GMT+8Updated on 30 October 2023 at 14:22 GMT+8SaveListen5:39Several hedge fund managers have started ratcheting up their exposure to uranium stocks, as they bet on significant price gains.Terra Capital’s Matthew Langsford, Segra Capital’s Arthur Hyde, Argonaut Capital Partners’ Barry Norris and Anaconda Invest’s Renaud Saleur are among managers building bets on uranium companies such as Cameco Corp., Energy Fuels Inc., Ur-Energy Inc. and NexGen Energy Ltd.Langsford, who runs a A$175 million ($110 million) natural resources fund at Sydney-based Terra Capital, says the outlook for uranium prices means “the equities could see dramatic upside, 50%, 100%, possibly more.”

What are they doing!!! Ive been in this share since the start - its been a train wreck!!!