Local heavyweight uranium miner PDN has now corrected -9% from its intra-week high, if we see further weakness over the coming sessions while at the same time, Woodside Energy (WDS) pushes above $40 we will be considering switching part of our Flagship Growth Portfolios energy exposure from WDS into PDN – the combination of reporting season and the current macro-economic volatility could see such “elastic bands” stretch sooner rather than later.
- We continue to like uranium exposure in portfolios over the coming years, and currently own PDN in our Emerging Companies Portfolio
MM is long and bullish toward PDN
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