Dennis da Silva Cameco Corporation CCO-T BUY Jun 04, 2025

He sold part of his position around $90 last year. RSI says it is now way overbought. He likes it, but expects it to pull back to slightly above its old high.

Likes uranium, the world needs more, and Canada has lots. The world particularly likes uranium from geopolitically stable countries.

Nuclear sentiment really starting to accelerate. Mini reactors are the trend, hyperscalers are jumping on board, and that will feed the trend. Cigar Lake struggles have gone away, now world leader. Earnings and technicals moving up. Tends to be volatile, so move in by tranches.

Uranium and nuclear companies have a long way they can go. Very early stages of big growth cycle for modular nuclear reactors and large-scale reactors. Nuclear infrastructure purchase gives lots of opportunity for growth. Leader in the group, first to break out to new highs. Big move recently, suspects it'll be a multi-bagger over next 5 years.

(Note the short timeframe.)  Alternative energy play. Westinghouse acquisition sets them up really well for the future. One of his largest positions; hasn't trimmed yet because it hasn't become too big a percentage. Everyone should have 2-3% as a long-term investment.

On fire. He used to be in and out, but then it broke out and held for more than a few days. Took some profits (50%) recently, as it's a bit parabolic. Still likes it, wouldn't bail out. Bit overbought, could retrace a bit. 

Nuclear renaissance, and then Russian invasion of Ukraine really tightened up supply and turbo-charged the idea. Cigar Lake producing steadily. Mothballed mine reopened. Low-cost, long-life reserves. Joint venture with Kazakhstan facing issues, but that's a small piece of the puzzle.

Deals with data centres continue. Uranium price is firm, but not high enough to stimulate new supply. Westinghouse JV has signed numerous deals, moving CCO price higher recently. Finding its way into green energy portfolios. Still likes.

Sometimes a stock just gets ahead of itself, or the market thinks expectations are too high. Pretty mature, and great, business in the space. His team only buys or sells if there's a significant change in the business or valuation.

He focuses on companies earlier in their cycle, such as NXE.

How much of their forward PE is already baked into their price vs. the upside. If you hold a large position, take profits. When a commodity price is high, always take some profits. The long-term chart is choppy.

We need this power. Likes it long term, as the entire space of clean energy from nuclear power makes sense. Valuation extended. Pushed up into a different stratosphere technically. He'd look to buy in the $80s and $90s. Likes the chart's technical structure.