Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Shelved nuclear power plans leave UK government's energy policy in hot water | Main | Now that UK nuclear power plans are in tatters, it’s vital to double down on wind and solar »
Monday
Feb112019

Cameco says improved uranium market not enough to warrant new supply

A quick update re: Cameco found on Seeking Alpha earlier:

 

Cameco (CCJ +0.3%warns against investing in new uranium mines, saying "even the promise" of new supply could create a headwind and place downward pressure on uranium prices.

"There is plenty of idle tier one production and tier one expansion capabilities, as well as idle tier two production and expansion capabilities," CCJ says. "And we can't lose sight of material sitting with financial players. This is capacity that can come back to the market relatively quickly. As a result, new supply poses a significant risk to the uranium market recovery."

CCJ says interest in long-term contracting has returned, but prices and contracting opportunities are not where they should be to restart idled capacity or warrant investment in growth opportunities.

The company also says the possibility of Section 232 U.S. tariffs on uranium imports is still creating uncertainty.

Shares are slightly higher after reporting better than expected Q4 earningswhile saying 2019 gross margin could come in weaker.

LINK


In the last year Cameco has risen from $8.50 to $12.32 so maybe we shouldnt be too despondant

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

 

 

 


 

Winners of the GoldDrivers Stock Picking Competition 2007 

 

 

 Follow us on TWITTER @goldprices

 

 


PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>