Why Michael thinks these energy stocks have more upside | trade

Описание: Rising oil prices and ongoing Middle East conflict continue to impact global energy markets, with significant implications for investors. Michael Gable from Fairmont Equities views the energy sector as the strongest opportunity this year, citing robust demand and persistent supply concerns—even before the recent geopolitical escalation. Gable notes oil prices have surged past US$100, approaching technical resistance, but believes fundamental drivers remain intact for a potential long-term breakout into higher trading ranges.

Gable highlights Woodside (ASX:WDS) as a key beneficiary on the ASX, pointing to its leverage to rising oil and gas prices. According to Gable, underweight positions in the energy sector could prompt investors to boost exposure, driving further gains for Woodside as higher-for-longer prices support profitability. Gable also draws attention to uranium stocks, particularly Bannerman Energy (ASX:BMN), which he suggests is positioned for a strong move if it can break above the $5 mark. Paladin (ASX:PDN) is viewed as being in a consolidation phase, offering a buying opportunity with potential upside if it surpasses technical resistance.

Turning to coal, Gable suggests both Whitehaven Coal (ASX:WHC) and New Hope (ASX:NHC) have broken out of multi-year consolidations. He expects continued strength as delayed renewables rollout and persistent demand support higher coal prices.