Last Energy Crisis, This Sector Went Up 20x (Ferg Cullen)
Straight into it with Ferg Cullen (aka Trader Ferg) in a volatile tape.
Core view, energy security is back, and the system is tighter than markets are pricing. Europe is boxed in, storage low, and policy choices are starting to bite.
Coal remains his cleanest trade. Strong balance sheets, rising demand, and underappreciated upside as we move back toward winter.
The bigger shift is “just in case” over “just in time”. That drives higher costs, more redundancy, and structurally higher inflation.
We hit 1970s parallels, policy pivots, nuclear buildout, and why crises force reality over ideology.
Positioning, stay patient, avoid leverage, let volatility work. He’s leaning coal, grains, and oil services, while building cash for a broader flush.
On gold, long term constructive, near term chop. On uranium, love the commodity, be careful with the miners.
Follow Ferg:
X - https://x.com/trader_ferg
Substack - https://traderferg.substack.com/
Episode recorded: 04/02/26
…………...…
DIRECTOR'S SPECIAL EMAIL
Join 16k+ subscribers to the Director’s Special: one daily email with all the news that matters in mining
……………
TIMESTAMPS
(0:00) Volatile Times Kickoff
(1:20) Energy Security and Nuclear Backlash
(4:20) Coal and LNG Investment Thesis
(8:30) 1970s Parallels and Market Winners
(25:10) Coal Basket and Switches
(28:30) Shipyards and Capital Cycles
(33:20) Gold Playbook and PGM Cycles
(40:10) Fertilizer Shock and Uranium Wrap
……………
PARTNERS
SS&C Intralinks - Powering deals with unmatched security and efficiency
Sandvik Ground Support – The only ground support you’ll ever need
Focus by Marketech – All your mining news and market needs in one powerful platform | 10-day free trial
Metalshub - The leading supply chain software to buy, sell and trade raw materials | https://www.metals-hub.com/en/money-of-mine/
……………
FOLLOW & CONNECT
• Twitter / X: @moneyofminepod
• LinkedIn | Instagram | Facebook
• Travis Ricciardo: @TRAVmoneyofmine
• Jonas Dorling: @JDmoneyofmine
• Email us Word on the Decline: gc@moneyofmine.com
……………
JOIN THE GROUP CHAT
Join the Money of Mine Discord Server
……………
DISCLAIMER
All information in this podcast is for education and entertainment purposes only and is of general nature only.
Please ensure you read our full disclaimer.