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Asymmetric Research

Independent natural resources research. Mining investing legend Rick Rule has highlighted our work on multiple occasions. Founded by a former sell-side equity analyst and hedge fund analyst at an energy transition fund. Not investment advice. DYOR.

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Latest Issues

EU Natural Gas: Russia's Closing Window

Europe is weaker on storage than it was going into the last crisis, and Russia's leverage expires in 2027...

Europe increased its imports of Russian gas by more than 10% year on year in Q2, while at the same time legislating to eliminate t...

5 days ago
7
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Uranium: Equities Valuations After the Sell-Off

In this note we look at the valuation of uranium equities following the sell-off. The sector is currently implicitly discounting a uranium price of...

In this note we look at the valuation of uranium equities following the sell-off. URNM,...

8 days ago
13
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EU Natural Gas: Is the Market Finally Starting to Wake Up?

TTF, the benchmark for European natural gas prices, has rebounded by 20% over the past two weeks. What's next?

TTF, the benchmark for European natural gas prices, has rebounded by 20% over the past two weeks. Importantly, around half of th...

19 days ago
4
Paid

Uranium: Cameco's Safety Buffer Used Up

Cameco has temporarily halted mining at Cigar Lake following an acid plant failure at Orano’s McClean Lake mill, where the ore is processed. Implications...

Cameco has temporarily halted mining at Cigar Lake following an acid plant failure...

a month ago
8
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Gold Equities: What's Being Priced In?

Gold continues its descent following what many interpreted as a hawkish shift from the Fed. What are gold equities pricing?

Gold continues its descent following what many interpreted as a hawkish shift from the Fed. We have written extensi...

a month ago
9
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  • Asymmetric Research

    Independent natural resources research. Mining investing legend Rick Rule has highlighted our work. Founded by a former sell-side equity analyst and hedge fund analyst at an energy transition fund. Contributing author at ZeroHedge. DYOR.

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