Cameco Corporation (CCO.TO)

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.

(Top Pick Jul. 19/12, Up 22.11%)

Has owned it in the past. Starting to look good. The worse is over for Uranium generally. In Japan they don’t want to use coal. Uranium will make a comeback. Prefers U-T

Chart shows the stock has formed a base but has a little bit of a lid on it right now. Whenever you see a base, you want to see a break out and don’t presume it is going to happen until it happens.

(Market Call Minute.) Has been looking at this one. It is way too early. Thinks uranium moves eventually and is a Buy in about 2 years.

This is “the” direct play on uranium. What drives uranium market is what happens with the nuclear restarts in Japan. Also, the continual build in China and Russia and other emerging markets. Uranium spot prices are at around $40 with the long-term price at around $57. He prefers playing the commodity through Uranium Participation (U-T).