Cameco Corporation (CCO-T)

Came off quite significantly between December and March. Previous high was ~$85; the 50% retracement takes us to $72.50. This is where we saw some resistance in early February. Hard to say if it would get to $80. Usually, if there's a move in a stock, the countermove can often be about half of that.

Nuclear power is a way forward and there is a case for smaller nuclear power plants. He doesn't like cyclical stocks but Cameco is in a bit of a sweet spot. Lots of power will be needed for AI data centres.

On her watchlist. Have to have a very long-term view on uranium to buy this name. Long-term contracts, which don't reflect uranium spot price. Nuclear resurgence, positive on the sector. Price still ahead of itself. She has indirect exposure through BIP.UN, which co-owns Westinghouse with CCO.

Looking at it closely. Long-term future of nuclear looks very positive. Electrification of the economy increasing power demand. Many governments more willing to build facilities. Well managed. Good buy on a pullback like today.

Best way to participate in Uranium them. Believes Uranium prices will continue to rise. Recent weakness in Uranium prices has created buying opportunity. Owns large portion of Westinghouse - manufacture of nuclear related assets. Excellent growth prospects. Dividend continues to rise with earnings. Capital discipline with strong balance sheet. 

Technical structure has been very strong. 200-day MA trending higher. Stock's trading right at that 200-day, which could provide support. Fell off on the DeepSeek buzz (if not as much energy is needed, maybe not as much uranium is needed either) -- quite a stretch. Long term, makes a lot of sense. Expensive valuation.

Nuclear energy is coming back and it has to. For clean energy, there's nothing better. Demand is there and will continue to grow. Likes this name, but you have to be mindful of the supply response when uranium prices are high. Likes it long term, but there will be ups and downs in the cycle.

Quality, long-term uranium play. In Saskatchewan, CCO owns all the infrastructure and decides what mines are going to be developed. He's been in and out of the name over the years.

Too expensive.

His firm is doing some research on nuclear power and electricity generators. Hasn't pulled the trigger yet. Likes the idea of data centres driving change in electricity demand. 

He's playing it from the upstream angle with CCO, the biggest publicly owned pure-play uranium company. Still likes it.

Golden crosses and death crosses sound good, but he doesn't use them; they're lagging indicators. Next target close to $100, so 20-25% upside. Has price momentum behind it. Recommending to clients.

He'd probably pick this one as the leader in the group. Uranium stocks have done much better in the last month, waking up. That cohort probably has a tailwind. Commodities markets have been waking up in general, prior to China making a turn. 

Their 20x operating cash flow is scary, but they dominate this space. Demand remains huge for nuclear reactors. This is the top play in this sector, so the valuation is high.

Largely a reflection on uranium sentiment. If you're bullish on uranium, this is one of the most liquid ways to express that view. Despite spot prices coming in weaker, inevitable that nuclear will have a critical role to play in AI long term. Rallied, but could be volatile.

We like the uranium sector, and CCO is the largest Canadian public company in the space. It is not perfect, but with production and export limits elsewhere, its production starts looking good, being in safe jurisdictions. The sector supply demand outlook should be favourable for the company. 2) Yes. The company and sector is not only cyclical, but it can be a big momentum trader.  We would keep an eye on position size and reduce when the sector gets 'hot'. 
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