NexGen Energy (NXE.TO)

Must own this if you're in the urnanium space. Deposit is in an extremely remote part of the Athabasca basin. It's an enormous deposit and it's highly likely it will be developed. Be patient. Believes the price of uranium will rise with Chinese and maybe increased Japanese demand.

Uranium market is structurally challenged. The problem at Fukushima changed the story for uranium. Uranium bounced after Cameco (CCO-T) decided to shut down one of their mines. However, they can bring it back on whenever they like.

This is a speculation. An absolute world-class ore body in a previously barren part of the Athabascan Basin. You don’t need to worry about the uranium price in the near term, because this is not going to go into production in the near term. If you are patient with regards to uranium and with the production schedule, this stock is a must own for a speculator.

Lows are getting a little higher so there is a potential of a consolidation ending. A consolidation is great because it could mean a change in the outlook. If it breaks, good, otherwise he does not want to own it.

Lower priced stocks are not traded by large institutions. They are typically traded by retail investors, and could be thrown around a lot more. As a technical person, it is harder to predict where it might go. You don’t want to see the floor of about $2.90 broken, because that could lead to a violent move down.

He was attracted to the study they released today. The deposit is economic down to $25 Uranium. Most uranium in the world is not economic below $30.

Seasonally, you want to look at uranium stocks in November. They have a huge conference that takes place and they tend to set uranium prices and expectations at that time. Right now, this company is still moving down in a band, and it hasn’t broken out to the upside.

Uranium. It has been an enticing sector for 15 years, but they have chronically disappointed. You can get surprises in the exploring space. This one is one of them. They are well capitalized. This project will take a couple more years. but it will be a world class mine. There may be players interested in taking them out.

(A Top Pick June 6/16. Up 14.67%.) Uranium exploration. Despite uranium prices continuing to be very depressed over the last few years, they continue to find more pounds in the ground, which translates to higher valuations.

A pretty volatile stock, so make sure you don’t put too much into it and that it is a reasonable percentage of your portfolio. The chart indicates the stock is in an overbought position earlier this year, and he thinks it will correct to close to its previous high at around $3. Look for $3.10 or $3.20.

This just put out a resource upgrade, so are now at just over 300 million pounds of uranium, the single, largest, uranium play in Canada. The stock sold off on Monday because people were expecting even more. They were focused on the infill drilling, converting indicated to inferred. A great project. (Analysts’ price target is $4.75.)

He is a large shareholder. It is a tier-one asset. All of these stocks are ahead of the uranium price. You have to be a patient investor with a 3 year time horizon. He thinks it will go lower after PDAC and then will go higher.

A uranium project in Saskatchewan. It has strong seasonality right now. It is hard to know, if we get an exhaustion in the market, where will it go. Probably the $3.80 and then the $2.60 levels. It is tough to call. There are safer names in Uranium.

This could be sitting on an immense, very valuable uranium deposit, which they will continue to develop over the next couple of years. He has seen situations like this before, where they get taken over quite quickly. Thinks uranium is coming back to life. This could be a nice fit for Cameco (CCO-T).

A fairly volatile looking chart. The chart shows a breakout in early 2016, followed by a consolidation, followed by a breakdown at around $2, found a base again and has gone parabolic up. Probably a little overbought now. If it bases for a while and breaks to the upside, that could be bullish.