Total 5 Posts
Cameco is one of the largest global providers of the uranium fuel needed to energize a clean-air world. Its competitive position is based on controlling ownership of the world’s largest high-grade reserves and low-cost operations. Utilities around the world rely on its nuclear fuel products to generate power in safe, reliable, carbon-free nuclear reactors.

Dragged over the coals

Covid-19 has certainly disrupted the coal mining business. Basically the government closed the economy, killing demand for electricity and since coal is a major input for electricity, killing the demand for coal.

Simply sizzling performance

Since March 1st, we are up 55% versus the market's approx 25% Since January 1st, we are up 112% versus the markets approx break even performance.

2020 - April Performance

The lucky rabbits foot has paid big dividends in April. Compared to the broader S&P market the portfolio gained 43% compared to 12% - so that was nice.

Who said Uranium and Oil do not mix? - BHP Group (NYSE: BHP)

Finally the Uranium spot price has started to move in the right direction, which should set off a long term contracting phase for a profitable future.

Is this Uranium bet still worthwhile? - Cameco (TSX: CCO; NYSE: CCJ)

Uranium today is like a game of chicken - which utility will blink first and enter into long term contracts commercially appealing to the miners before the inventories dry up? Which miners will hold out till they get the right price for their product.
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