NAGA Adds Two New Energy Assets to its 1,000+ Portfolio

FinanceFeeds Editorial Team

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.”

Read this next

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎


Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.


FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.