The Value In Hot Commodities - Trading With Barclay Pearce Capital

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Today we are featuring Panoramic Resources (ASX:PAN) and Woodside Petroleum Ltd (ASX:WPL).

The increased use of base metals in the production of EVs and global supply chain issues have set a strong precedent for a continued rise in commodity prices, such as nickel and oil.


Panoramic Resources (ASX:PAN)

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Panoramic Resources Ltd is an Australian base metal mining company that owns 100% of the Savannah Nickel project in East Kimberley, Western Australia. 

The price of nickel has skyrocketed due to an ongoing short squeeze, reaching up to $100,000 a ton from as low as $20,000. In October 2020, the Savannah Nickel project operations were halted and has since been re-started in 2021 at full force with the first concentrate shipments sent at the end of last year.

BPC has an updated target price of $0.42.

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Woodside Petroleum Ltd (ASX:WPL)

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Woodside Petroleum Ltd is Australia’s largest independent oil and gas producer. The Company has been heavily traded in recent weeks due to the surge in oil prices, with an increase in the share price of 25%. It is widely regarded as the ‘go-to’ trader’s stock to reap the benefits of oil price strength.

Further supply chain issues due to the pandemic and current geopolitical tensions between Russia and the UN should see the price of Brent and WTI continue to rise throughout 2022.

BPC has an updated target price of $33.44.

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Where to from here?

Trading equities is all about having access to the right investment opportunities and making decisions based on accurate, unbiased information. Often, this means hours of research on a daily basis, keeping up with several ASX announcements, understanding economy-impacting events and regularly consuming broader news updates. If you're not an equities trader by profession, then it can quickly become rather overwhelming, especially once you have built a considerable-sized investment portfolio.

Our Equities Trading team, backed by our independent research department is the ideal solution for said situation. Our clients receive access to exclusive investment opportunities, daily ASX research reports, our expert weekly outlook on the Australian markets and direct access to our equity traders.

Trading with Barclay Pearce Capital is about building long-term returns, trust, confidence and a mutually beneficial relationship.

Trent Primmer
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~ Trent Primmer, Director of Trading, Barclay Pearce Capital.