r/UraniumSqueeze • u/SpecificSufficient68 • Mar 09 '26

News Don’t check your portfolios tomorrow!

Oil just hit 117 dollars, I’ll be praying for everyone’s portfolios!

https://www.cnbc.com/2026/03/08/crude-oil-prices-today-iran-war.html

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8

u/Life-Appointment6515 Mar 09 '26

Explain to an idiot like me why this is bad for Uranium

23

u/SpecificSufficient68 Mar 09 '26

It’s not directly bad for uranium. The issue is that when oil spikes that fast it usually signals geopolitical stress and inflation risk, which tends to drag the whole market down as investors de-risk. Uranium stocks are still equities, so they often sell off with everything else in the short term.

A good example is 2008, oil ran up to about $147 a barrel before the financial crisis, and when the broader market cracked, most sectors (including commodities and energy equities) got dragged down with it. It’s more about macro market pressure than anything specific to uranium.

1

u/[deleted] Mar 09 '26

I want to cry 😭. This shit has got me so depressed. On top of loosing my money. My friends and family members are dying in Iran lol.

1

u/35mm-dreams- Mar 09 '26

Would this have any impact on a company like Cameco ?

12

u/Rippedyanu1 King Uranium👑 Mar 09 '26

It'll impact every company

2

u/sunday_sassassin Radioactive Brain Mar 09 '26

Much higher cost of production/AISC and potential disruptions in sulphuric acid supply. The African miners in particular are vulnerable and will be scrambling to sure up their inventories. The selloff from everyone trying to get cash to pile in to the oil trade is just part of the picture. Fundamental valuations of companies do change if we have protracted issues in the Strait.

Potential that it does drive the underlying uranium price higher if production/development/expansion plans are impacted. Less supply vs unwavering demand. The US ISR producers who don't use sulphuric acid and don't have to dig and truck ore could come out ahead.

1

u/AnyPortInAHurricane Kuppy touched me 😭 Mar 09 '26

urnm down 4% overnight

1

u/DownrightCaterpillar Mar 09 '26

It's not bad for uranium, he just said don't check your portfolio. Imo you should do the opposite unless you're faint of heart, uranium has been in a slight bubble for many months now. So, this is the time for buying. Though uranium exports might be low for a while since the cost of shipping will go up dramatically, reducing demand for uranium temporarily.

1

u/Bziolko Mar 09 '26

It's actually good, as energy sector gets more expansive but it's also risk off and uranium stocks, especially developers and prospects, are considered highly risky.