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URG vs. ETF Alternatives
Ur-Energy Inc., is an exploration stage mining company engaged in the identification, acquisition, exploration, evaluation and development of uranium mineral properties in the United States and Canada.
Friday, Apr 114:53 AM
Friday, Apr 114:53 AM| 11 Comments
- Japan's Cabinet has approved an unpopular plan to reinstate nuclear energy as an important source of electricity, although there are doubts about how big a role atomic power will be able to play.
- Japan may have to leave up to two-thirds of its 48 idled nuclear reactors closed, a Reuters analysis shows, due to the high cost of upgrades, local opposition or seismic risks.
- The country's nuclear plants were shut following the Fukushima disaster over three years ago, which has caused the country to significantly increase its energy imports. That has acted as a drag on GDP and prompted fears that Japan could suffer from a permanent current-account surplus which could undermine confidence in its massive debt.
- Relevant tickers: DNN, CCJ, USU, URRE, UEC, URG
- Japan ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, JYN, NKY, DBJP, EZJ, EWV, YCL, ITF, JPNL, JGBL, JPP, JGBT, JPNS, HEWJ, JGBB, FJP, URA
- Nuclear ETFs: URA, NLR, NUCL
Saturday, Apr 58:25 AM
Saturday, Apr 58:25 AM| 56 Comments
- Bloomberg discusses the chances of the next nuclear accident, arguing it is a crisis waiting to happen and could be in a country with little experience to deal with it.
- While atomic power has fallen from favor in some western European countries since the Fukushima accident in Japan - Germany, for example, is shutting all its nuclear plants - it’s gaining more traction in Asia as an alternative to coal; of the 176 reactors planned worldwide, 86 are in nations that had no nuclear plants 20 years ago.
- If nuclear is to remain a part of the world’s energy supply, the industry must come up with solutions to make sure contamination - and other consequences, including financial - don't spread beyond station grounds, former NRC boss Gregory Jaczko says.
- Gregor Macdonald believes nuclear has no future, adding the extinction level event bearing down on global nuclear power is the rise of solar.
- Nuclear names: URA, NLR, NUCL, CCJ, DNN, USU, URRE, UEC, URG
Wednesday, Feb 262:50 PM
Wednesday, Feb 262:50 PM| 9 Comments
- Top uranium miners rise for a second straight day after the Japanese government reversed plans to shift away from atomic energy, designating nuclear as an integral part in meeting the country’s long-term electricity needs.
- PM Abe's plan, which is expected to receive cabinet approval in weeks, could open the door to restarting some of Japan's 48 idled reactors as soon as this year; the plan also hints at possible new reactors.
- Japan’s turnaround on atomic energy has as much to do with finances as anything else; Japan's utilities have been making up the shortfall caused by the absence of nuclear energy by buying liquefied natural gas on the international market at record high prices.
- Denison Mines (DNN +8.6%), which today announced high grade uranium intersections at its Phoenix deposit, and Cameco (CCJ +4.2%), Canada's largest uranium producer, continue to move higher; smaller miners are fading after posting strong gains yesterday: USU +3.3%, URRE -0.9%, UEC -1.1%, URG -3.4%.
- ETFs: URA, NLR, NUCL.
Monday, Feb 2411:42 AM
Monday, Feb 2411:42 AM| 23 Comments
- Uranium takeovers are on the verge of a comeback that could put companies such as Denison Mines (DNN +5.2%), Ur-Energy (URG +4.9%) and Fission Uranium (FCUUF) in play, according to a Bloomberg report.
- Uranium prices are forecast to rise more than 40% by year's end as Japanese power plants restart nuclear reactors that have been shut down since the March 2011 Fukushima disaster, and analysts say the rebound in uranium demand may fuel takeovers as buyers try to get ahead of rising prices.
- DNN would make an attractive target for someone looking to gain access to Canada’s Athabasca Basin, home to the world’s richest high-grade uranium; a Raymond James analyst thinks Rio Tinto may be particularly interested.
- Cantor Fitgerald thinks DNN and Fission could be targets of Cameco (CCJ +0.8%), which has been building up cash and last month sold a stake in a power plant for C$450M.
- Also: URRE +5.5%, URZ +4.6%, UEC +0.9%, USU +0.4%.
- ETFs: NLR, NUCL.
Wednesday, Feb 193:59 PM
Wednesday, Feb 193:59 PM| 7 Comments
- Investors in uranium companies are not excited by the U.S. government's plans for $8.3B in nuclear loan guarantees, as the amount is viewed as insufficient and the overall loan program is seen as fizzling, according to a NY Times report.
- Funds are coming far later than anticipated and may effectively end a program that Congress established in 2005 to jump-start a new generation of nuclear plants, NYT writes; at one point, the program was expected to support more than $50B in loans for nuclear projects.
- USEC (USU -10.8%) is slammed despite reporting another $16.7M in government obligated funds toward development of the American Centrifuge project.
- Other uranium providers are lower too: URG -4.1%, DNN -3.7%, URRE -3.7%, UEC -3.5%, URZ -3.2%, CCJ -1%.
- ETFs: NLR, NUCL.
Friday, Oct 252013, 5:42 PM
Friday, Oct 252013, 5:42 PM| Comment!
- Greenland's parliament has removed a 25-year-old ban on uranium mining, paving the way for an industrial boom the Arctic island hopes will help it gain independence from Denmark.
- Greenland wants to boost its mining of rare earths, but uranium often is found mixed into rare earths, so the ban was blocking key mining activity.
- One rare earth deposit being explored by Greenland Minerals (GDLNF) could be the largest outside China; the company thinks it could extract up to 40K tons/year of rare earth metals.
- Rare earths: REMX, REE, MCP, SHZ, AVL, GSM.
- Uranium: URA, NLR, BWC, SHAW, URS, FLR, LTBR, URG, UEC, URRE, USU, DNN, CCJ.
Tuesday, Aug 272013, 8:37 AM
Tuesday, Aug 272013, 8:37 AM| 4 Comments
- Japan's government will provide money and personnel to help cope with rising amounts of contaminated water at the Fukushima nuclear power plant after losing confidence in Tepco's (TKECF.PK, TKECY.PK) ability to handle the situation on its own.
- The trade minister says the latest leak of 300 metric tons of highly contaminated water "could have been prevented" if Tepco had been more careful, pointing out that the 1,000 tons/day of groundwater flowing into the site presents a serious problem.
- Related: URA, NLR, NUCL, CCJ, DNN, URS, LTBR, URG, UEC, URRE, USU.
Wednesday, Aug 212013, 8:11 AM
Wednesday, Aug 212013, 8:11 AM| 8 Comments
- Nearly 80K gallons of highly radioactive water have leaked from the crippled Fukushima Daiichi nuclear plant, the latest black eye for Tepco (TKECF.PK, TKECY.PK), which has struggled to contain contaminated groundwater experts believe is flowing into the sea from the site every day.
- Japan is set to raise the severity rating of the leak to level 3, or "serious incident," underlining a deepening sense of crisis at the site.
- Revelations of more toxic leaks may raise second-thoughts about Japan's nuclear future but won't halt the long-term global expansion of the industry, uranium (URA, NLR, NUCL) insiders say.
- Related Stocks: CCJ, DNN, URS, LTBR, URG, UEC, URRE, USU.
Tuesday, Jul 302013, 3:52 PM
Monday, Jul 292013, 9:16 AM
Monday, Jun 172013, 12:17 PMUr-Energy (URG +2.8%) gets a lift today from Cantor Fitzgerald, who initiated the shares with a Buy and a $1.40 price target. Cantor thinks URG is poised to become the next U.S.-based uranium producer, with initial in-situ recovery production expected later this summer. The firm adds that it expects to post further ratings upgrades as the company transitions from construction to production. |Monday, Jun 172013, 12:17 PM| 1 Comment
Wednesday, May 152013, 6:30 AM
Friday, Oct 52012, 3:08 PM
Wednesday, Sep 192012, 6:09 AMJapan's cabinet backtracks on plans to phase out nuclear power by 2040, deciding to take the proposals "into consideration" when deciding energy policy rather than giving them formal approval. The plans have met strong opposition from business, which fears increased electricity bills and an unstable electricity supply. |Wednesday, Sep 192012, 6:09 AM| 11 Comments
Friday, Sep 142012, 8:15 AMJapan's government says it will phase out nuclear power by the 2030s, marking a major policy shift and the first formal decision to retreat from atomic energy since the Fukushima disaster 18 months ago. Japan aims to triple the share of renewable power to 30% of its energy mix, but it is sure to remain a top importer of oil, coal and gas for the foreseeable future. |Friday, Sep 142012, 8:15 AM| Comment!
Thursday, Apr 142011, 3:39 PMUranium names back in favor today after a report suggests that related companies, so depreciated they’re trading at less than their assets would be worth in a fire sale, could see a pickup in M&A activity. Japan’s nuclear crisis made uranium miners 31% cheaper relative to book value, Bloomberg says. URG +4.4%, UEC +4.7%, URRE +0.5%, USU +1.6%, DNN +2.6%, URZ +7.6%. |Thursday, Apr 142011, 3:39 PM| 1 Comment
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westewart:: I think things are looking good, just need spot prices to cooperate!
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westewart:: i hear ya harball, UUUU definitely made a genius move. i don't know why more companies haven't started doing that.
harball:: there's a cost involved when it comes to discontinuing production, that's why
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westewart:: Also good point, oftentimes forget to look at the bigger picture so thank you
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sinha0713:: I hope to return to that 1.65 support soon
smitsky:: It's 200-day moving average is coming in at ~1.27 We will see if it finds support there.
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Philberg:: my first idea was that they will open less than expected reactors. but maybe this way they get more public support of the Japanes people.
ValueHunter109:: Even if Japan is only able to bring back 1/3 capacity, that 's ~18 reactors supplying ~10% of the country's energy.