Cameco Corporation (CCO.TO)

Just started production again at Cigar Lake. In the very short term, this company has given us everything we had been looking for. The problem right now is that there are not enough earnings, which is needed to drag the stock further. However, if the Japanese are going to reignite their reactors, then the outlook is interesting, but we do need earnings now. The stock currently is fully valued.

Seasonality for this is very positive from around the 3^rd week in January right through until around the end of April. Chart shows a gorgeous long-term breakout right at the time of seasonal strength. Stock is in an upward trend and outperforming the market and is well above its 20 day moving average. Technicals score of 3 and positive seasonality is a classical opportunity to Buy more.

He is widely bullish for the next decade or 2 on uranium. Simply put, it is the single most efficient source of high-powered global energy and we need it. Reactors are coming on stream. You have Russia decommissioning of the nukes ending, supplies/demand balance is starting to improve. Likes the sector. It is going to be volatile. Japan is starting to turn on their reactors again.

The good news for the uranium sector is that Japan is going back to nuclear. The good news for the people of Japan is that radiation levels in Tokyo right now are less than in Paris. This company requires nuclear reactors to be built sooner or later. Has an existing business of refuelling existing reactors. Decommissioning nuclear plants is hugely problematic, burying spent energy is hugely problematic and mining uranium is hard work. This company has had a lot of problems getting it out of the ground. Feels it is overvalued. Uranium Participation (U-T) might be a smarter play.

There are some great entry points. Some good catalysts. The Japanese will have to launch their nuclear plants again and we are at a good bottom on Uranium. Sector outperform rating.

He goes back and forth. Their resource is incredible. There is nothing like it in the world. He would like to buy it cheaper. Thinks they will continue to do well. At these levels you will do well with it.

Missed on earnings. Costs are higher and they are winding down their production a little more. However, he likes uranium at this time. Thinks it is going to have a decent move. There is a fairly positive result for the nuclear industry from the Tokyo elections. Huge nuclear growth is coming into China in the next couple of years. Thinks uranium goes back over $60 a pound from its current $34. (See Top Picks.)

Has been in the doldrums for a long time. Japan had shut down about 50 nuclear reactors and there is another 14 coming back on stream now. Cigar Lake is now coming on stream. He thinks it is time to Buy this stock.

Important resource stock to our index. Understands the argument that uranium will go up. It is getting so expensive for Japan to import Natural Gas. It looks like CCO is already discounting that ahead of time.

A number of changes have occurred in the last few months. The supply of weapons grade uranium is not coming into the market anymore. Also, there are a lot of problems in getting uranium supplies out of Africa. There is a lot of noise coming out of Japan that they are going to have to start up their nuclear plants again because they are spending way too much on hydrocarbons that are being imported.

This is the year that uranium stocks will break out. It has been building a base for several years. People forget about it.

Great Canadian asset and he would be interested in buying this at the right price. A very clean type of energy and people are going to have to use it more and more. They have, by far, the very best asset globally. Had some mining issues, which they are slowly solving. Expects uranium prices will continue to go up.

Uranium sector overall will be a challenge over the next few years. Nuclear is a solution for the world that we are going to have to adopt and so will do well over the next 10 years. You could buy in the dips but would be surprised if the ranges broke in the next couple of years.

Hasn’t been bullish on uranium for a while, only because there are so many political connotations to it. If you want to do bottom fishing, this or Uranium Participation (U-T) would be the ones to do it in. If he were going to be playing this game, he would rather be looking at the precious metals.

If you own, this is a tough one. Certainly they are a low cost producer of uranium, but the problem is around the demand side. There is a feeling that Japan is going to restart reactors and you hear about new reactors going to start in China and globally. On the supply side, you hear about the reduction in the Russian highly enriched uranium. All these things should point to a better uranium price but it has not. He is on the sideline until he sees some improvement in demand. If you own, he would probably continue to Hold as there is not much more downside in the near-term.