NexGen Energy (NXE-T)

NXE is a $2.7B company that is pre-revenue that operates in the exploration and development of uranium properties in Canada. It has a decent cash balance of $141.3M and an equity position of $481.9M. It does not generate free cash flow, and mostly issues shares and debt to fund its operations. It has performed well over the years, supported by a growing interest in nuclear energy. We like NXE as part of a play on nuclear energy, but would be mindful of its smaller size, that it is pre-revenue, and higher risks from the nuclear energy industry. 
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Two very different beasts in the same industry. NXE will probably have the next project built in Canada. CCO is the granddaddy of traditional mining. Buy NXE if you're looking for the rerate, but with it comes risk. Doesn't see an issue getting fully financed, but then comes execution. Track record for things going according to plan is not great for mining. 

CCO is your best way to get exposure to uranium, which is undergoing a renaissance. Predictability, bit of a dividend, real upside from today's uranium price.

Uranium is part of the materials sector. Seeing signs of improvement, though weakening broadly for a short-term pullback. Longer term, charts look great. With Ukraine-Russia conflict, one of the big suppliers has been taken out of the picture. Series of higher highs and higher lows, a new uptrend. Stocks globally have sold off, and jobs numbers tomorrow will be a big factor if selloff continues or if stocks hold in and start rallying.

There's a big debate over nuclear energy, which can go either way. But what do you do with the uranium after it's used? We overweight the risks of nuclear--it's not as bad as environmentalists think, though what to do with the uranium after use is a real concern. The price of green energy and storage--batteries--will become cheaper than nuclear in the future. That lower cost is the tipping point that will green energy more affordable than nuclear--but we're not there yet.

Uranium has been quite a volatile play. It has marched down to about $2.40 and then broke down further. This is an interesting area on the chart. You should look at CCO-T to get the direction in the area.

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.