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Energy & Uranium Share Tips for 2008

China’s $55 billion dollar-deal with Woodside Petroleum—announced at the APEC summit in Sydney in August 2007—sets the stage for another busy year in the Australian energy patch. Profiled below are the two blue-chip Australian energy stocks we’re currently tipping. That list could grow substantially in 2008.

If it does grow, higher uranium prices will play a part. The uranium price corrected from an all-time high of US$135/pound to US$85/lb at the time of this writing. That thirty-seven percent correction not only eliminated a lot of speculation in the uranium price, it also led to a massive correction for junior uranium explorers listed in Australia. Explorers and developers were affected as well. Below, you’ll see which Australian-based uranium stocks we have our eye on going forward.

The direction of natural gas and uranium prices will come from the oil price. Where will the oil price be in 2008? Forecasting the direction of oil prices requires knowledge of supply, demand, alternatives, and patterns of substitutions. Any one of those variables is tricky enough. Accounting for all of them—not to mention the geopolitical premium oil enjoys—is nearly impossible.

Instead, we focus on an established inter-market relationship between oil and another commodity: gold. A weak U.S. dollar could translate into much higher commodity prices—especially for oil and gold.

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