Cameco Corporation (CCO.TO)

If you are going to invest in a uranium producer, this is the one to invest in. This is obviously a politically charged investment. Doesn't think there is any way, long-term, that the Europeans, looking at an increasingly belligerent Russian government, can't give nuclear a restart. Also, Chinese coal, oil, natural gas and oil consumption continues to go up. Chinese are embracing the fact that they are killing themselves and everyone else if they don't make adjustments.

This seems to be coming to life. Not sure how this is going to be affected by the price of oil coming down. If you take the view that you want to be in this for a long time, this is a good entry point.

There was a lot of psychological element as to what the spot price of uranium was doing. This is one of the biggest producers in the world. Long life, low costs assets. Japan is now able to restart two reactors. CCO-T can drive growth. Operational issues are now resolved. As they bring on new contracts, it will be positive.

Chart shows this forming a long base from 2012, which it is still doing. This would be the “go to” name. The new round of enthusiasm will probably get this up to around $25. If you are a long-term investor and want to be patient, this would be fine.

The largest player in the world which is where people move generally when the sector starts to turn around. To play uranium directly, he would use Uranium Participation (U-T). This is effectively like buying the commodity. Even the Japanese seem to have enough inventory for now. Longer-term, uranium prices have to go higher. You are not going to find new supplies anywhere close to the current price.

Uranium. He added it to his portfolio over the last week. He thinks the sector will make a bottom, but he does not know when. He thinks it is a very attractive sector right now and CCO-T is his preferred way to play it. You have to be willing to sit with it because it is volatile.

Cigar lake came into production finally. Maybe nuclear power will come back or maybe it won’t. People don’t see it as the answer like in the past. Now we have solar power, wind power and the disaster in Japan to change people’s view.

Uranium is an area that he doesn’t generally invest in. Despite been able to look at the supply/demand fundamentals, there has always been the political aspect to it. Japanese facilities have been postponed once more.

One of the only pure play producers of uranium that you are going to get. The biggest driver to this one is the price of uranium. The spot price hasn’t responded well. There have been some nuclear reactors restarted in Japan. Thinks it is going to be a tough slog for the uranium market.

He would like to own it at some point. You would want to wait and see Japanese reactors up and running. You could see two years of flat still.

Still way below where it was back in 2010-2011. This is a reasonable entry point, if you believe uranium prices are going to remain at this higher level. They also might finally get some growth in production bringing on its new mines.

This is a perennial long-term investment story. They have a corner on one of the best uranium assets globally with low-cost production. Prices have been moving back to the upside of about $32. For the long-term he absolutely likes the story.

Wouldn’t touch this with a 10 foot pole. First of all, spot prices for uranium are well below past levels. The Japanese reactor situation is still unclear. They’ve had a series of mistakes. Also, their 2003-2009 tax situation is being investigated. They could be on the hook for $250 million. He would go to Uranium Participation (U-T) instead, maybe in a year’s time.

Uranium. She keeps watching the industry but there is no urgency to get into it. Japanese reactors will slowly come back online. Nuclear HAS to be an option for energy. Confirm the trend before buying.

There are more problems at Scar Lake that could hold production for 3 months. The metal is in a sideways trend. He would be a buyer at $20.25. It will be in a sideways market for a while.