Cameco Corporation (CCO.TO)

We are seeing an unprecedented growth in the production of both gas and oil in North America. So much so that we can’t process it all. This company does well when there are high energy prices and it is possible for the foreseeable future that we are going to have lower than expected energy prices.

Loves the nuclear space. The cheapest and most efficient solution for the world’s energy needs. Japan’s event spooked the world. CCO is a great way to get exposure to the space, but there will be volatility over the next few years. Look for one more dip and that would be the ideal time to buy it.

Likes the uranium space a lot. Thinks the price of uranium required to build new uranium mines is between $75 and $85 where the current price is $40-$45. On a forward-looking basis, either the price of uranium goes up or the lights go off around the world. This is the name you need for uranium.

Likes uranium. Now that India and China have started working on the reactors and Japan will probably approve some of the reactors that were closed, the outlook for uranium is quite positive. You will have some time in this so he wouldn’t chase it. His favourite has been Uranium Participation (U-T).

Used to be a huge booster of nuclear energy. Events in Japan after the tsunami was a bit of a game changer. More importantly, was the development of cheap sources of energy in North America. When you can get reasonably priced natural gas plants, why would you want to get involved with huge construction costs for nuclear power and the unknowable costs of decommissioning and the still undecided issues of storing radioactive fuel rods?

(Market Call Minute) If it traded through $24 it would be more interesting technically. Looks like it is turning around.

Likes uranium. Had a big plunge after the tsunami and everyone ran away from uranium. Thinks money is coming back in. This one is probably the bellwether and the chart shows a monster base. Thinks it is a must own. (See Top Picks.)

A play on uranium, which has been very slow to pick up post Japanese disaster. Uranium prices are staying around the $45 level. The one positive is that it looks like Japan is going to get their safety standards in place by July of this year. There is no near term catalyst to buy this.

Results at close today. Outlook for uranium sector is brightening. Vertically integrated. Part interest in Bruce. Healthy dividend. Outlook is good given that Japan is spending $100 million per day for not having nuclear plants online. China is building new power plants.

Looks like Japan, under the new Prime Minister, is going to reverse its negative view of the nuclear business. Also, China is ploughing ahead with all of its nuclear programs. $25 in one year.

(Market Call Minute.) Continues to ooze lower. Has had a nice rally but probably because of Uranium One (UUU-T) takeover as much as anything else. Historically cheap and looks okay but still doesn’t see where the momentum is.

Has really been through the wringer over the last couple of years. Technically it seems to be making a bit of a bottom but he is not quite convinced that it is ready to make a run at this point. High beta stock. In the materials space he would rather look at something like Teck Resources (TCK.B-T) or some of the soft agricultural commodities.

Getting their act together. Fundamentals for uranium are improving so he is more positive on this than he was 2 years ago. The small dividend they pay is sustainable and the business is probably turning around but it will take a while.

Things are now looking a little more positive. Recent Japanese elections have brought in and more nuclear friendly government. Globally, the world needs energy and nuclear is one of the more efficient. Future is bright for this company. Cigar Lake mine is coming on. He is looking at this one.

There has been a change in politics in Japan and the new people are in favour of restoring nuclear energy, which they really have to do anyway. China is proceeding with caution. There will be improved qualities in the plants and hopefully this is a long-term positive story.