V-Con: Energy – O&G demand skyrockets, uranium prices soar as Russia/Ukraine war holds energy market ransom
Stockhead TV
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V-Con is Stockhead’s investing focused video conference series, bringing you expert insights, panel discussions and presentations from leading analysts, listed small caps and industry players.
The current geopolitical climate with Russia’s war on Ukraine has highlighted energy security in recent months.
With much of Europe held to ransom by Russian supply, the world is looking for alternatives as countries increasingly aim to reduce dependency on outsourced energy sources.
As a result of the conflict, oil prices soared and have been sitting around +US$100/barrel – with some analysts even suggesting it could hit a massive US$200/bbl if the war stretches on.
Earlier this month OPEC and partners resisted calls to boost crude production more than expected earlier this month.
And in the US, President Biden is expected to tap up to 180 million barrels of government oil reserves over the next six months to address the rise in energy prices in the aftermath of Russia’s invasion of Ukraine.
Then there’s the Sprott uranium price which is currently US$63.50/p – that’s $3.50 above the magical number a lot of aspiring developers use to justify the profitability of their future operations.
It’s the highest price the commodity has reached since 2011 and comes after the US banned its nuclear power plants from buying enriched uranium from Russia.
It’s no surprise that future sources of energy are now in focus, not just due to the conflict, but also because of the shift in investments towards ESG (environmental, social & governance) positive projects.
There’s an opportunity for ASX listed players to capitalise on the renewed focus on energy markets, backed by growing interest from investors who acknowledge that a combination of O&G, nuclear power and renewables have a role to play in the energy matrix of the future.
For this V-Con, Stockhead has gained insights from four ASX companies, to get their thoughts on what the energy of the future might look like.
Session 1 – Expert Interview
Sky News and CNBC business journalist Oriel Morrison interviews Peter Strachan and Agu Kanstsler.
Peter Strachan is a capital markets veteran, resources analyst and lover of the oil and gas game. Peter has worked in capital markets for over 35 years, and is a qualified metallurgist and geologist.
Dr Agu Kantsler is geoscientist with global experience in the petroleum industry. Former director of exploration at Woodside Petroleum and a director of Oil Search until its recent merger with Santos.
Session 2 – Company Presentations
Kinetiko Energy (ASX:KKO)
Nick de Blocq, CEO
Kinetiko Energy is an Australian company in the energy exploration sector, focused on advanced sandstone gas and coal bed methane (CBM) exploration and commercialisation in an energy challenged Republic of South Africa.
Invictus Energy (ASX:IVZ)
Scott Macmillian, Managing Director
Invictus Energy is an independent upstream oil and gas company based in Perth with offices in Harare, Zimbabwe. The company is currently undertaking a high impact exploration program the Cabora Bassa Basin in northern Zimbabwe.
ADX Energy (ASX:ADX)
Ian Tchacos, Executive Chairman
ADX is a producer, explorer and project developer focused on becoming a leading European energy producer and provider of energy solutions for a low carbon society. Operating projects in Austria, Romania and Italy.
DevEx Resources (ASX:DEV)
Brendan Bradley, Managing Director
DevEx is targeting high-grade uranium and copper-gold mineralisation around the historic Nabarlek Uranium Mine in Australia’s world class Alligator Rivers Uranium Province.
