Japanese Reactors and Uranium Plays
I would like to open a discussion about how the ongoing emergency with two Japanese nuclear power plants will/can affect uranium stocks. After the devasting earthquake, tsunami, and aftershocks the Japanese government reported that it had trouble cooling reactors at two Japanese nuclear power plants in the north of the island. Uranium stocks are trading down across the board in after hours. Luckily, officials have the weekend to cool the reactors (versus investors getting slammed tomorrow if the market was open). If they succeed I would guess uranium stocks wouldn't be hit too hard on Monday morning. Should the situation progressively worsen, uranium stocks might go cliff-diving next week.
Should uranium investors take any action given the possible scenarios? Would this be a good investing opportunity? I have some shares in URA. Long term uranium seems like a winner. Would this event scare governments away from building new reactors like 3 Mile Island and Cherynobyl? Or will the rising price of oil offset some of those fears? Thoughts, links, comments, mass hysteria are all welcome. (I'm surprised there aren't more posts about this situation.)
Also, keep the country of Japan in your thoughts and prayers.