In light of the ongoing energy crisis in Europe, the social trading platform NAGA adds 2 energy assets to its diverse portfolio.
NAGA is gearing up for winter and responding to the current energy deficiency in Europe by adding two new energy-centred stocks to its portfolio. The social trading platform already has 39 energy assets that span across 3 asset classes – stocks, commodities, and ETFs. The newest additions will bring the total to over 40.
Energy is a popular industry for investments due to its vitality in our everyday lives. It is used to heat our homes, light our spaces, charge our phones, fuel our cars, and just about anything else we do.
NAGA’s New Energy Stocks
The energy crisis in Europe has prompted nations to rethink shutting down their nuclear reactors, making uranium-supplying companies a lucrative option. Uranium is used to power commercial nuclear reactors that produce electricity and to produce isotopes used for industries across the globe.
To meet the increasing demand and offer even more assets to its clients, NAGA is integrating two uranium-related companies to its list of available instruments.
UUUU (Energy Fuels Inc)
Energy Fuels Inc. ($UUUU) engages in the extraction, recovery, exploration, and sale of conventional and on-site uranium recovery in the United States. With a market capitalization of about $1 billion, the company supplies uranium compounds to major nuclear facilities and manufactures vanadium.
CCJ (Cameco Corp)
Cameco ($CCJ) is a Canadian mining company whose market cap exceeds $10 billion. It is one of the largest uranium producers in the world, founded in 1988. The company is involved in the exploration, mining, refining, and fabrication of uranium concentrate.
Trading Energy Assets on NAGA
You can invest in energy by purchasing stocks in energy-centric companies. NAGA offers an abundance of energy stocks including ExxonMobil and Chevron Corporation. ExxonMobil has increased by 55% this year alone, while indices which represent the market have declined between 20% to 34%. It has proven itself as a unique asset which has not only been resilient but actually thrived.
You can also trade stock CFDs on household names like PetroChina and Total Energies, among others, or even popular energy ETFs (exchange-traded funds). Finally, you can trade energy derivatives such as CFDs on crude oil or natural gas.
Energy assets are some of the most-traded instruments in the world due to their price fluctuations, which traders like to find potential trading opportunities in. For example, crude oil has soared from an average of $60 per barrel to an average of $90 per barrel this year alone. Similarly, supplies of natural gas have become scarce in 2022 since the Russian invasion of Ukraine. Tighter supplies result in higher demand, which results in a price uptick. On the other hand, if inflation and interest rates continue to rise, energy prices could come under pressure. Trading derivatives allows traders to both short and long the market, making CFDs an attractive prospect in this uncertain climate.
RISK WARNING: “Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.36% of retail investor accounts lose money when trading derivatives with this provider. This is not investment advice.”