Cameco Corp (USA) (CCJ)
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.
Recs
dcsilver
(92.98)
Submitted: 11/27/2009 10:16:45 AM :
Start Price:
$28.65
CCJ Score:
+8.02
Something has to change. Dominant position in exploration, development, mining, refining, conversion, and fabrication of uranium for sale as fuel.
Recs
indust3
(45.19)
Submitted: 11/11/2009 3:36:06 PM :
Start Price:
$29.58
CCJ Score:
+4.95
commodity play for prudent investors
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riegonla
(76.90)
Submitted: 10/15/2009 1:45:04 AM :
Start Price:
$29.26
CCJ Score:
+4.93
33,75 US$ 14 Nov 2009
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macvoda
(55.67)
Submitted: 10/10/2009 4:43:47 PM :
Start Price:
$29.66
CCJ Score:
+2.50
Nuclear is the future
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Brian7992
(< 20)
Submitted: 8/20/2009 7:38:26 AM :
Start Price:
$28.23
CCJ Score:
-0.59
It's all about Power!
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Rep07
(96.86)
Submitted: 8/15/2009 3:41:27 PM :
Start Price:
$27.69
CCJ Score:
-0.17
Cyclical action in an uncertain market in an adverse environment.
Recs
rlbenner
(< 20)
Submitted: 8/12/2009 7:27:30 PM :
Start Price:
$27.18
CCJ Score:
+5.00
The best managed uranium company with a fist full of cash and on the lookout for new acquisitions once the uranium market starts the upward move. You blink on this one and you will pay $50/share next year.
Recs
LouisHafner
(56.06)
Submitted: 7/24/2009 10:27:24 AM :
Start Price:
$27.19
CCJ Score:
+0.41
The price of the shares looks attractive considering the perspectives for a constantly increasing demand for uranium
Recs
techfule
(< 20)
Submitted: 7/20/2009 7:25:55 AM :
Start Price:
$25.93
CCJ Score:
+2.88
The current administration is taking a "NIMBY" attitude to uranium mining - this ought to give non-US producers a huge boost and Cameco is the biggest.
Recs
goldnail
(29.71)
Submitted: 7/13/2009 5:32:53 AM :
Start Price:
$23.32
CCJ Score:
+7.94
power to the people
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kab1952
(63.39)
Submitted: 7/9/2009 7:23:58 PM :
Start Price:
$23.11
CCJ Score:
+8.31
U235 Nuclear is going to be the energy source of choice . Not just in Iran , N Korea, Ha But here in the good old USA.
The world needs it, CCJ has it, and the world pay for it sooner than most think.
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kwill1992
(94.64)
Submitted: 7/2/2009 3:49:04 PM :
Start Price:
$24.90
CCJ Score:
+0.22
They have the largest supply of uranium ore. Man-made greenhouse theory is plain debunked, but that won't stop people from using uranium on the basis of clean energy.
Recs
Jro81
(93.85)
Submitted: 7/2/2009 8:02:55 AM :
Start Price:
$25.61
CCJ Score:
-0.24
Uranium is going up ... I like the Cameco to outperform.
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ipfmanager
(98.70)
Submitted: 6/23/2009 11:23:31 PM :
Start Price:
$24.85
CCJ Score:
+2.23
ASP. Uranium is a weird commodity and could bust out. Good hedge to everything nonsensical too.
Recs
AllStarPortfolio
(83.46)
Submitted: 6/19/2009 6:52:36 PM :
Start Price:
$24.91
CCJ Score:
+3.25
On June 19, 2009 at 1:16 PM, 100ozRound (99.84) wrote:
Cameco is the world's largest uranium miner and has high-grade reserves and low-cost operations. With the push for clean energy and Urianium's reputation as a reliable source of power, Cameco is in a position for growth and continued profitability. With the large gap between Uranium demand and Uranium production, Cameco's potential for profitability is rather high.
So let's break it down:
McArthur River - world's largest, high-grade uranium deposit with proven and probable reserves of 332.6 million pounds U3O8 (Cameco's share – 232.2 million pounds).
Key Lake - largest high-grade uranium milling operation in the world - production capacity of 18.7 million pounds U3O8 (Triuranium octaoxide) annually.
Rabbit Lake - second largest uranium milling operation in the world with a capacity of 12 million pounds - 100% owned by Cameco.
Cigar Lake - world's largest undeveloped high-grade uranium deposit;proven and probable reserves of more than 226.3 million pounds U3O8 at an average grade of 20.7% (Cameco's share – 113.2 million pounds).
Inkai (Kazakhstan) - owned and operated by Joint Venture Inkai (JVI) which is owned by Cameco (60%) and KazAtomProm (40%); reserves of 141.8 million pounds U3O8 (Cameco's share 85.1 million).
They also pulled about 103,000 ounces of Gold out of the ground in 1st qtr '09. Cameco owns approximately 53% of Centerra Gold. Centerra owns 100% of the Kumtor mine in the Kyrgyz Republic, 100% of the Boroo mine in Mongolia, 100% of the Gatsuurt property in Mongolia near Boroo (exploration), and 63% of the REN joint venture in Nevada, U.S. (exploration).
In addition, Cameco owns significant interests in several junior explorations companies:
UEX Corporation - uex-corporation.com
UNOR Inc.- unorinc.com
Minergia (Cameco has the right to earn a 50% ownership in Minergia by investing $10mil in two payments over the next 4 years).
Western Uranium Corporation - westernuraniumcorp.com
Govi High Power Exploration Inc - goviex.com
Uranium is currently trading around US$53.00/lb (Mid June 2009) compared to an all time high of US$136.00/lb in June 2007; so there is ostensibly some upside to Uranium spot prices and CCJ should benefit from a surge in Uranium prices.
Recs
usmcharley
(< 20)
Submitted: 6/16/2009 12:59:54 PM :
Start Price:
$25.37
CCJ Score:
+1.02
As energy is looked at more and more, anything that can be used for energy will get another look.
Recs
ajm101
(37.17)
Submitted: 6/4/2009 1:11:36 PM :
Start Price:
$27.31
CCJ Score:
-4.46
uranium demand is fundamentally increasing, and there is less and less fuel to be had from decommissioned warheads. The fuel cost is a small percentage of plant operation, so there is a lot of room for the cost to increase.
Recs
NFender
(36.12)
Submitted: 6/2/2009 2:23:41 PM :
Start Price:
$28.47
CCJ Score:
-8.69
The International Energy Agency predicts a doubling of electricity demand by 2030. As the efficiency of nuke plants has improved (operating costs per KWh shrank by 44% between 1990 and 2003 in the U.S.A.) and construction costs have declined, nuclear power has become the most economical way to generate power in much of the developed world. Thus, the World Nuclear Association forecasts construction of 200 to 400 new reactors worldwide over the next 25 years; most for new capacity.
It's a nuclear world, and CCJ is the world’s largest uranium producer, accounting for 19% of world production from mines in Canada and the US. Cameco is also a leading provider of processing services required to produce fuel for nuclear power plants, and generates 1,000 MW of electricity through Bruce Power Limited Partnership in North America’s largest nuclear generating station. Plus they have stake in gold mining operations, too, with a 53% stake in Centerra Gold, Inc.
CCJ derives about 63% of sales from uranium mining and processing, 17% from power generation, and 20% from gold.
Financials are solid but growth has slowed, and they are forecasting uranium revenue for 2009 to decrease 2% to 5%, and electricity sales to decline by 5 to 10% over 2008. They have taken on more debt and that bears watching.
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