NexGen Energy (NXE.TO)

Largest and finest undeveloped uranium deposit on the planet. Recent knock on stock due to comments by CCO. Deposit of this quality will get either bought or built this decade. He’s critical of its spending. Wonderful job in First Nations and Metis relationships.

Another way to play the nuclear sector. "Baby" Cameco. Electronics plus data centres pose a power challenge in future, and nuclear is one way to solve this. Should continue to go higher over time as it continues to build out projects.

Probably one of the highest-quality development opportunities in uranium. Saskatchewan is geopolitically friendly. Broke previous highs back in September, pulling back to test that. Probably a pretty good entry. Canadian market's likely to continue to outperform.

Understand that there's risk, as it's a development company. Long term, probably going a lot higher.

He liked uranium in April, but now it's richly priced. However, he doesn't know the specific problems about NXE. He's been trimming uranium into strength.

Sitting on world's largest undeveloped deposit of uranium. Will get developed, but not producing, so doesn't fit his firm's risk appetite. Likes uranium, the world needs more, and Canada has lots. The world particularly likes uranium from geopolitically stable countries; much comes from Russia and Kazakhstan, which aren't poster children for geopolitical stability. 

He owns CCO shares instead.

Used to own, but disappointed with some of the governance decisions. Not a leading performer in the group, and a bit more speculative. Instead, he'd go with CCO or the URA ETF. Very volatile group, so you need to size your position properly and stick with quality.

Uranium stocks have been pulling back since November, before the market started to correct. Technically in the near term, they're all broken. Long-term picture is excellent. Don't add here, until you see something change for the better.

Many nuclear power stocks benefited from the AI trade and expectations for increased energy demand for AI data centers, but the expected need for increased power may not be as big as expected, and investors are worried about the AI CAPEX cycle rolling over. NXE is a $3.8B company that is pre-revenue, and mostly funds its operations through share dilution. Like most stocks, NXE has fallen a lot over the past several months, and given the recent weak momentum, we would prefer to see some stabilization in its price before adding to the name, but we would be comfortable holding it here. Its future prospects look good, but it is not expected to be profitable for a few years, and so much of its price will be determined by expectations for future nuclear energy demand. 
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Broken out to new highs. Benefits from falling interest rates, which should continue in Canada even if not in the US. Energy is a foundation of our economy, and as our economy grows we'd expect energy demand to grow as well. May have additional boost from newer sectors, like nuclear, growing more rapidly.

Came out of the position. Raised money, turned around and bought uranium, which was at odds with shareholders' ultimate best interests. Better use is to build up the company. Great asset, but that move was off-strategy.

He holds it in an aggressive account and not the conservative one. He doesn't like the chart right now but if it dropped to $7 and bounced off, it would look interesting.

Largest undeveloped uranium deposit in the world. The bet is that the deposit is as good as test results say, and he thinks it is. Bullish on uranium. Real question is does the world need that much new uranium, or will we get a resolution for other global producers? Nuclear renaissance, contributing to increasing demand. Higher risk, since it doesn't produce either commodity or revenue yet.

Mine will probably get built. If you have the risk appetite, good entry point with the pullback. He owns CCO, bigger and actually producing.

Company's doing quite well. Recent earnings indicate some challenges. Would love to see consistent profitability, improve cashflow, reduce debt, execute on strategy a bit better.

Very strong demand for Uranium. Nuclear energy appears to be solution to long term power demands. Eastern European Uranium appears to be compromised. Great resource that has lots of opportunity. Management compensation very high, with questionable capital allocation at times. Would recommend a small position.