Cameco Corp (USA) (NYSE:CCJ)

CAPS Rating: 5 out of 5

The Company is engaged in the exploration, development, mining, refining, conversion, and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and internationally.


Player Avatar fabfabman (< 20) Submitted: 10/16/2011 9:31:00 PM : Outperform Start Price: $19.87 CCJ Score: -87.85

This rating was originally for Uranium One (UUU.TO), but it seems Uranium One ticker is not accepted by CAPS. The closes proxy is Cameco (CCJ).
After Fukushima, Uranium spot prices dove, because of the fear that nuclear active countries such as China, Japan, France and Germany would shut down nuclear programs. To date, only Germany has changed its nuclear policies stance. While there is uncertainty around the long term (10-20 years) political viability of nuclear power, the picture is quite clear in the medium term. China plans to add to its 25 reactors, an additional 150. India, Russia also plan more reactors. The demand for uranium in the next 5 years will likely exceed supply. The HEU (conversion of weapon grade uranium to fuel grade) will expire in 2014, putting additional upward pressure on prices.

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