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Any thoughts on this one. Cameco is the world's largest, low-cost uranium supplier providing 19% of world mine production. Please excuse the quotes from the company web site.
They are also involved in refining and conversion along with fuel production."Cameco is 100% owner and operator of Canada's only uranium refining and conversion facilities, located in Ontario. These include the Blind River refinery, the world's largest, where uranium concentrates are processed into high-purity uranium trioxide (UO3), an intermediate product used as feed at the company's Port Hope conversion plants.
The Port Hope facility is one of only three commercial suppliers of uranium hexafluoride (UF6) in the western world. UF6 produced at the plant is delivered to others for enrichment and fabrication into the fuel pellets used in most nuclear reactors. The Port Hope facility is also the world's only commercial supplier of natural uranium dioxide (UO2) used to manufacture fuel for the Candu reactors."
Cameco also controls additional UF6 capacity through a toll processing agreement with the Springfields plant located in Lancashire, UK.
And Fuel Production."Cameco controls 100% of Zircatec Precision Industries which operates facilities at Port Hope and Cobourg, Ontario. Zircatec’s primary business is the manufacture and sale of fuel bundles for Candu reactors.
Zircatec is one of two fuel manufacturers serving nuclear utilities in Canada. The company also provides nuclear fuel and consulting services to Candu operators around the world."
Down 6% to a 3 year low on renewed flooding in a pre-production mine. If nuclear power has a future these guys and USU will be in the middle of it.
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dirtyharry
Aug 13 at 11:39 ET
I can't say I know much about this - but check out what this related stock did: DNN
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guliamo
Aug 13 at 11:42 ET
This is an interesting question. It would make sense that Nuclear would be much more popular, it is after all, free energy.
I think the public is very hesitant in accepting this technology and sure Iran isn't doing much for the good name of the industry with it's war mongering bs..
I'm keeping my eye on it, but haven't found reason to be the first guy jumping in. Unfortunately for most of us, being at a 3 year low is nothing special with todays market.
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ContraryOne
Aug 13 at 11:51 ET
Amen to that...guliamo. Thanks for the heads up..harry
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arawak
Aug 13 at 5:30 ET
I am into UUU and SXRZF.PK.. Uranium1.com
They have been sloughtered of late but they are beginning to deliver. Cameco went down as their Cigar Lake mine ( a mine that promised massive production but flooded) is not draining.
It's high-risk buying UUU but I believe we will look back at the price per lb of U and marvel at how cheap it was. Remember, the cost of the uranium to run a reactor is VERY small compared to the overall costs. I've read that U could go to $2,000/lb and still be an affordable energy source.
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Imbythelake
Aug 19 at 4:49 ET
Well I've been noticing just a whole slew of uranium enrichment facilities in development or under construction. USU has the centrifugal plant in Ohio, Areva has something across the pond, as well at the GE hubub and silex lasers and whatnot. The point: this industry looks like it is gearing up for a mess of demand a few years down the line.
10 billion....15 billion people...there is no way our quality of life can be sustained if we all have personal combustors and neighborhood coal plants. Your right though, gui. It is a bit early....ah Screw it, I'm jumping in.
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superbeeny
Sep 03 at 7:27 ET
DNN looks to be toast
http://www.thestreet.com/story/10435486/6/tsc-ratings-updates-arvinmeritor.html
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beancounter
Sep 04 at 8:31 ET
I'm holding URRE and apparently it spiked yesterday due to a takeover rumor. this might indicated the start of a consolidation in the sector given the recent drop in uranium prices. I wouldn't be surprised of CCJ was a prime suitor.