Cameco Corporation (CCO.TO)

Has been some weakness in uranium prices recently. Doesn’t think the short-term outlook on supply/demand is sufficient to justify a purchase.

You have to have a long term focus. It will have periods of tremendous volatility. China and India will grow their need for energy in a big, big way. You need to be there as an investor. Buy on dips. Decommissioning of warheads in Russia is pretty much done so that is a reduction in supply. Understands Japan is getting ready to turn the switch back on.

Good news for uranium is that natural gas prices have started to pick up and it has been a colder than expected winter. If that continues, it could be positive for uranium. It seems that China is going full speed ahead with building nuclear power plants. The bottom line is that with cheap natural gas and cheap coal there is lots of competition. Cheaper to build natural gas powered and coal plants than it is uranium. He has no interest in this.

Doesn’t own any uranium in his portfolios. There are a lot of other low cost sources of energy and a lot of new technology in other areas of energy that brings in a lower cost supply. Also, uranium is very politically motivated. Hard to figure out how many new reactors China and Japan will be building and if there is the political will to build more nuclear power plants.

One of the largest uranium producers globally. She currently has no uranium exposure. There is no near term rush to get back into this one. Prices have been very slow to recover. Longer-term, uranium is positive because prices are quite depressed now.

Really likes this name. Fundamentals of uranium continue to improve post the Fukushima disaster, especially since the Chinas of the world have committed to building power plants. Canada has just made an agreement with India to ship them uranium.

Metals tend to do ok this time of year but they are not so much this year and that buy itself is interesting. A lot of the types of sectors that tend not to do well have been outperforming. This one is following that pattern. A very defined level of resistance at $23. Support is around $17. Right now it is moving sideways between $17 and $23.

Japan has been slow to restart reactors but she feels they will have to. Uranium has not done much and she sees no short term catalysts for it. For CCO, they have a big mine coming on stream in Cigar lake and investors will be watching this.

(A Top Pick April 13/12. Up 7.2%.) (See Top Picks.)

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.