Colin Cieszynski NexGen Energy NXE-T BUY Nov 29, 2024

More of a a uranium developer with many large, undeveloped uranium deposits. They just got a permit in Saskatchewan to develop a mine there. The uranium market is growing tight; is a big uptick in electrical utility contracting for uranium to shore up supply. This mine will get built. Things look good, but the company is a little speculative and beyond his risk tolerance.

Alternative energy companies haven't done well. Whole uranium sector's been doing well. With the Russia-Ukraine conflict, Canadian uranium's at a premium. A secondary play, may end up doing well. He prefers CCO.

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. 

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.

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.

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.

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.

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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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.