The Libyan situation has Brent Crude at $106 / barrel as I write and once again places a firm focus on the issue of energy sovereignty. The reliance of Europe amongst other nations on foreign oil and gas is a big geo-political issue that should play to the advantage of the likes of BMN's as it pushes nuclear energy further to the fore.
The likes of France essentially with energy independence c/o nuclear generating facilities sit pretty. Will Europe again be relying more heavily on Russian gas ? On previous performance I think they will hope not. You can bet the likes of Japan and China will want to avoid any issues on that front too.
BMN Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held
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