NexGen Energy (NXE-T)

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.

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.