Cameco Corporation (CCO.TO)

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.

The best way to play uranium is to play Uranium Participation (U-T). You want to play the commodity first and wait for the other. He is not keen on uranium just yet.

Probably not a buy here. Signed a deal with China for a couple of reactors. Uranium is still in the doldrums. A dismal record in terms of operations. Hold it, but don’t buy it.

(Top Pick Jan 20/14, Down 8.93%) It violated its uptrend so he sold it.

You want to look for a confirmation of a bottom on a chart. He wants to see that it breaks out of the little consolidation period of June and July, along with some volume to support that. Also, wants to see it stay above that for a few days. If it stays above the $21.50 level for at least 3 days, then you want to buy as it breaks out.

Does not own uranium right now. Japanese restarts are taking longer than anticipated. CCO is not capturing all of the upside when uranium price move up. There is no urgency to move into uranium at this time.