Steve Palmer: Believe in Oil and Uranium

The Energy Report: About 30% of the AlphaNorth Partners Fund, which consists mostly of Canadian securities, was invested in tech stocks, with similar percentages in metals and energy the last time we spoke in May. What’s the asset mix now? Steve Palmer: Technology stocks comprise about 32%, metals 26% and energy 27%. TER: Although the fund was down about 6.5% in August, it is up 23% for the year through August. It was down about 15% in September, but it’s still positive on the year. What edge does AlphaNorth have that allows you to make gains in an economic climate that’s as negative as this one? SP: It’s very difficult to make money when markets drop more than . . . → Read More: Steve Palmer: Believe in Oil and Uranium