Added today again
Is now the time to invest in uranium stocks?
- Last Updated:
- Mar 1st, 2024 8:45 pm
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- SCORE+3
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
selling some covered calls against CCO to lower avg price - goviex and nexgen look cheap as hell too, or uranium participation corp for you low risk types, there is also a new ETF HURA that could be worth a look
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
For you non financial folk - this is the equivalent like getting 90% off in hot deals section or a 0% 10 year fixed mortgage, or free Diapers
https://numerco.com/UHistory/
https://numerco.com/UHistory/
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
adding again , seasonality kicking in
- Sauerkraut
- Deal Addict
- Jan 4, 2009
- 4191 posts
- 5292 upvotes
- on the links!
Cameco down approx 7% today.
So the HBO Chernobyl series gets a few Golden Globe nominations and this happens???
So the HBO Chernobyl series gets a few Golden Globe nominations and this happens???
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
i've never been this wrong, this many times in a row on a sector but perhaps it's worth a shot again around now, main producer cameco has Q4 earnings in 2 weeks, seasonality did not work at all this year in fact almost polar opposite
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
- IrwinW
- Deal Addict
- Oct 14, 2015
- 2116 posts
- 2515 upvotes
I keep an eye on commodities generally; the index (CRB) isn't showing any signs of life.
Jaime Carrasco spent a minute on Cameco and Uranium Participation.
https://www.bnnbloomberg.ca/market-call ... on~1883672
Charts: https://stockcharts.com/freecharts/cand ... O,$CRB|C|0
Jaime Carrasco spent a minute on Cameco and Uranium Participation.
https://www.bnnbloomberg.ca/market-call ... on~1883672
Charts: https://stockcharts.com/freecharts/cand ... O,$CRB|C|0
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
- chriskanaan
- Member
- Jan 31, 2008
- 492 posts
- 226 upvotes
- Québec
I bought HURA last month and I thought it bottomed. It went down quite a bit since then but recovered quick.
My opinion is anytime now, we should see the supply & demand balance of uranium become a bull market for equities.
We do not neccessarily need a growth in nuclear demand to fuel a bull run for equities, because uranium is a very restricted product with limited sellers.
Cameco still has Macarthur River mine (the largest of its type in the world) shutdown due to low commodity prices and Kazachkstan is doing the same until prices improve.
Commodities like uranium and oil have been in the dumpsters for years now, we are due for a bull run.
Personally I bought HURA because I don't want to miss the exposure to a uranium bull run and since I spend most of my time watching Oil & Gas, I prefer to play the ETF which has exposure to NA.
Cameco is probably the only safe name to own fundamentally; riskier highbeta names like Denison Mines or Goviex-like stocks, which don't actually make any meaningful revenue and are simply potential stocks, are only safe to play as cyclical uranium rush stocks as they don't make money. At least with Cameco they are one of the largest producers in the world.
My opinion is anytime now, we should see the supply & demand balance of uranium become a bull market for equities.
We do not neccessarily need a growth in nuclear demand to fuel a bull run for equities, because uranium is a very restricted product with limited sellers.
Cameco still has Macarthur River mine (the largest of its type in the world) shutdown due to low commodity prices and Kazachkstan is doing the same until prices improve.
Commodities like uranium and oil have been in the dumpsters for years now, we are due for a bull run.
Personally I bought HURA because I don't want to miss the exposure to a uranium bull run and since I spend most of my time watching Oil & Gas, I prefer to play the ETF which has exposure to NA.
Cameco is probably the only safe name to own fundamentally; riskier highbeta names like Denison Mines or Goviex-like stocks, which don't actually make any meaningful revenue and are simply potential stocks, are only safe to play as cyclical uranium rush stocks as they don't make money. At least with Cameco they are one of the largest producers in the world.
"It is never too late to be what you might have been. "
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
I agree cameco or selling puts on cameco or selling outs on URA or selling puts on U (uranium participation) is the way to play this OR buying calls one or 2 years out for cameco the premium is cheap as a lottery ticket
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
Still haven't been stopped out of cameco and moved stop over entry. I got long uranium participation Corp today as it trades at a discount to spot its like GLD for uranium world no mining risk trades at 15% discount to NAV currently and I got long via short at the money april puts that have a 9% time value of money so I got a sweet 24% discount on the whole deal.
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
sold some more $4 puts on U today for double dip discount of Time decay and NAV decay with basically no risk of downside with a 1-2 year time frame.
https://web.tmxmoney.com/quote.php?qm_symbol=U
https://web.tmxmoney.com/quote.php?qm_symbol=U
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
stopped out of CCO again guess that was a false start, will look to re-enter
- chriskanaan
- Member
- Jan 31, 2008
- 492 posts
- 226 upvotes
- Québec
I bought HURA just over a month ago expecting it was near bottomed, oh, was I wrong...
That being said, I am still bullish on select uranium names.
Cameco won't bring more supply online until prices nearly double and Kazahkstan is also limiting production.
Uranium is an imperative commodity, so suppliers will eventually drive the market or else they won't have a market.
I'm staying long HURA. Thinking there will be a sector rotation into commodities soon (oil, gas, uranium)
Huge upside potential once things reverse.
That being said, I am still bullish on select uranium names.
Cameco won't bring more supply online until prices nearly double and Kazahkstan is also limiting production.
Uranium is an imperative commodity, so suppliers will eventually drive the market or else they won't have a market.
I'm staying long HURA. Thinking there will be a sector rotation into commodities soon (oil, gas, uranium)
Huge upside potential once things reverse.
"It is never too late to be what you might have been. "
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
Re-initiated cameco last week at @ 8.20 they just had their hearing in Toronto , news is imminent but its been like that for 2 years now so ... we'll see but they have so much cash now it may get returned via special dividend or something similarchriskanaan wrote: ↑ I bought HURA just over a month ago expecting it was near bottomed, oh, was I wrong...
That being said, I am still bullish on select uranium names.
Cameco won't bring more supply online until prices nearly double and Kazahkstan is also limiting production.
Uranium is an imperative commodity, so suppliers will eventually drive the market or else they won't have a market.
I'm staying long HURA. Thinking there will be a sector rotation into commodities soon (oil, gas, uranium)
Huge upside potential once things reverse.
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
- staffpro
- Sr. Member
- Sep 24, 2006
- 988 posts
- 201 upvotes
- Collingwood
come for my shares market makers lmao UPC has no risk here can't get more discounted than -20% to NAV