Kazakhaprom threw the Shorter's a hospital pass last night. A couple of weeks ago they guided that they had increased production YoY by 5% and the uninitiated drank the kool aid but didn't peel back the details. Any increase if it really was goes to Russia and China so further exacerbating the West's U308 deficit. Now they let the cat out of the bag will miss their production forecast by literally ' a country mile' and they are drawing down inventories at a rate of knots. This is manna from heaven for us early stage U investors.
Monday will be very interesting. Do the Shorter's say that's it made my dough time to get back in or do they double down? Does the EFT flywheel kick back into a positive direction. US/Canada price action last night suggests will be positive for BOE. Some good news in the pipeline with an announcement of first shipment and second and third production lines coming on line......then of course Encore Energy ramping up as well.
Utility buying season just around the corner and of course the wick will be lit for spot and term U price after the WNA conference end of September. 122 shopping days until Xmas....
Kazakhaprom threw the Shorter's a hospital pass last night. A...
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