Cameco Corporation (CCO.TO)

Uranium sector. He prefers U-T because it is a pure commodity. There are some problems with the reactor in Japan. German is getting out of nuclear power. There are some problems for uranium generally.

(Market Call Minute) Doesn’t like uranium because of Japan but if you owned one Uranium stock this would be it.

Blue sky in their future. Fundamentals are probably going to improve. Demand will pick up as nuclear reactors are restarted over the next few years in Europe. Issues with starting up Cigar lake will push things out, but this is normal with Uranium mines.

If you have a long-term view of 7 to 10 years, this should do great. Spot price of uranium is down to $34, which is crazily low, but this is a glacial market. You could almost wait to see the spot price moving to $40, which would confirm the trend.

(Market Call Minute.) Uranium business is going to continue to be a struggle.

As good of a name as any to participate in nuclear energy. Junior companies would have more challenges. He is not particularly bullish on Uranium prices and there is still some uncertainty after the accident in Japan.

The uranium story is a core part of what the world needs. You want to be cautious in light of the disaster in Japan. It is at attractive levels for trading.

Within the energy complex, he is adding natural gas, which has a much better catalyst. This is definitely one to have on your Watch List. It also depends on how much money you have. If you can put some away, it is not a bad time. At some point uranium prices will deftly start to move.

This is not where he would make a bet right now. Uranium still has some work to do.

This is one you probably should wait on. The long-term fundamentals all make sense. There is a big reduction in supply coming with weapons grade uranium from Russia stopping. It should all create a stronger price but it hasn’t. You need to see more demand on the demand side.

(Market Call Minute) Demand and political outlook aren’t good.

Valuation is high. He likes uranium, though. You are getting some re-starts in Japan. Supply is getting curtailed. Buy U-T.

Thinks this company is well situated. Have more things it could take over if it wishes to do so. Cigar Lake, which we have waited for so long, is going to come on. This should move the stock. Doesn’t see a near-term major catalyst.

He is no longer an investor in this company because of 1) the Fukushima event in Japan and 2) the natural gas situation which makes power generation through nuclear energy look much more expensive than the available alternative.

This one along, with other uranium players, had a big pop today. Chart shows about 2.5 years of basing activity. Trying to break the $23 level again. If it does break through that level, the stock could be absolutely on fire. However, his rule of thumb is that if you are in this stock you are probably best hold as it may just break out on news from Japan. If you don’t own, he would hold off to see if it breaks out.