To The Moon

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,250.50 on Friday, up 0.36% in the past 5 days.

1. $DEEP YELLOW LTD(DYL.AU)$ +12.33%

• Deep Yellow is the best positioned uranium mid-cap company globally Led by a best-in-class uranium team, with a track record of successfully developing projects, Deep Yellow is progressing its dual-pillar strategy to establish a multi-mine company with capacity to produce 10+Mlb per annum.

• According to the 2 industry analysts covering Deep Yellow, the consensus is that breakeven is near. They expect the company to post a final loss in 2026, before turning a profit of AU$64m in 2027. The company is therefore projected to breakeven around 3 years from now.

• There’s one aspect worth mentioning. Deep Yellow currently has no debt on its balance sheet, which is quite unusual for a cash-burning oil and gas company, which usually has a high level of debt relative to its equity. This means that the company has been operating purely on its equity investment and has no debt burden. This aspect reduces the risk around investing in the loss-making company.

2. $KAROON ENERGY LTD(KAR.AU)$ +10.38%

• Shares in Karoon Energy climbed in early trading on the AU as drilling commenced at the oil and gas producer's 35% owned Who Dat West exploration well in the US Gulf of Mexico. Karoon said drilling at the Who Dat West exploration well will take around 50 days to drill and evaluate.

• Karoon — which shares the Who Dat West joint venture with US companies LLOG, Westlawn Americas Offshore and Houston Energy — said the geological probability of success has been assessed at 36%.

• Mitsubishi UFJ Financial Group (MUFG) has become a substantial holder in Karoon Energy Ltd, with voting power through First Sentier Investors Holdings Pty Limited and its subsidiaries. This move highlights MUFG’s strategic interest in expanding its influence within the energy sector, potentially impacting Karoon’s future direction.

3. $BOSS ENERGY LTD(BOE.AU)$ +10.13%

• Investors have been scrambling to buy AU uranium stocks on Friday after there was some big news in the industry. That news came from Canadian uranium giant Cameco Corp. According to the release, Cameco has been informed by its partner Kazatomprom that production has been suspended at its Inkai joint venture in Kazakhstan.

• In light of this, Kazatomprom has directed the joint venture to halt operations to avoid potential violation of Kazakhstan legislation. Commenting on the news that gave AU uranium stock's a huge boost.

• Also potentially giving uranium stocks a lift today is short covering. Paladin Energy and a number of other AU uranium stocks, such as Boss Energy Ltd, are among the most shorted on the local market. With their shares hurtling higher, it is possible that some short sellers will be buying shares to close their short positions.

4. $PALADIN ENERGY LTD(PDN.AU)$ +7.16%

• It has been a great finish to the week for Paladin Energy Ltd shares. Investors have been scrambling to buy AU uranium stocks on Friday after there was some big news in the industry. That news came from Canadian uranium giant Cameco Corp.

• Partly explaining the higher uranium price is a significant undersupply of the mineral as a result of years of underinvestment in exploration and mine development. This deficit is expected to widen as demand increases. The World Nuclear Association’s projects that even their lower demand scenario will be challenging to meet with planned production.

5. $AMPOL LTD(ALD.AU)$ +6.22%

• Ampol Limited is an Australia-based transport energy provider. The Company supplies petrol and a convenience network, as well as refining, importing and marketing fuels and lubricants. It also launched its electric vehicle charging and home electricity solutions. The Company supplies fuel to approximately 80,000 customers in diverse markets across the Australian economy, including defense, mining, transport, marine, agriculture, aviation and other commercial sectors.

• A look at the shareholders of Ampol Limited can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 53% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

• Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.