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Ur-Energy Inc. (URG)

  • Nov. 24, 2014, 2:37 PM
    • Uranium prices have reversed recent gains, plunging $6/lb. (~13.5%) to $38 over the past week in their biggest weekly drop since 1996.
    • TD Securities' Greg Barnes thinks the current volatility is more reflective of trader positioning in a thinly traded market than utilities exhibiting strong fundamental demand; the analyst is not convinced that the rapid drop will be enough to trigger a wave of buying by utilities.
    • Uranium names are broadly lower today: CCJ -3%, DNN -3.8%, UEC -1.6%, URG -5.7%, URZ -4.4%, UUUU -1.5%, URRE -0.4%.
    • ETFs: URA, NLR, NUCL
    • Earlier: Uranium spot prices could pass $50/lb. in next 12 months, analyst says
  • Nov. 10, 2014, 2:41 PM
    • Uranium names are moving briskly higher after H.C. Wainwright analyst Jeffrey Wright says uranium spot prices could rise above $50/lb. in the next year, as a positive decision on the restart of two Japanese nuclear reactors could alleviate psychological pressures on the uranium market.
    • The firm maintains Buy ratings for Uranium Energy (UEC +9.3%), Uranerz Energy (URZ +14.7%) and Ur-energy (URG +8.6%).
    • Also higher: CCJ +2.9%, DNN +7.1%, URRE +30.9%, UUUU +10%.
    • ETFs: URA, NLR, NUCL
  • Nov. 7, 2014, 12:20 PM
    • Reports that Japan is restarting some reactors may be helping uranium stocks catch a bid today.
    • Two reactors at Japan's Sendai nuclear plant are due to become the first to be restarted in the country since the 2011 meltdown at the Fukushima facility.
    • Also, Denison Mining (DNN +22.2%) reported Q3 earnings last night, delivering a loss of $0.01 vs. a loss of $0.10 in the prior-year quarter.
    • CCJ +10.3%, UEC +5.4%, UUUU +6.1%, URRE +27.2%, URG +16.9%, URZ +11.5%.
    • ETFs: URA, NLR, NUCL
  • Nov. 3, 2014, 5:18 PM
    • Ur-Energy (NYSEMKT:URG): Q3 EPS of -$0.03
    • Revenue of $7.33M
    • 10Q
    | Comment!
  • Aug. 4, 2014, 6:24 AM
    • Ur-Energy (NYSEMKT:URG): Q2 EPS of -$0.01 in-line.
    • Revenue of $9.24M misses by $0.83M.
    • Press Release
  • Jul. 16, 2014, 11:52 AM
    • Uranium miner Cameco (CCJ +1.7%) is higher despite reporting that ore from its Cigar Lake mine in Saskatchewan would not be milled until early 2015 instead of before the end of 2014, due to problems freezing the ground.
    • CCJ freezes the mine's ore zone and surrounding ground to prevent water from flooding production areas, but it says freezing has not advanced as quickly as expected.
    • Uranium/nuclear names are broadly higher after two of Japan's nuclear reactors received clearance to re-start: USU +8.2%, DNN +3.3%, URG +3.2%, URRE +1.6%, BWC +1%, URS +0.3%, LTBR flat.
  • Jul. 16, 2014, 8:35 AM
    | Comment!
  • Jul. 2, 2014, 11:31 AM
    • USEC (USU +25.5%) extends yesterday's huge gains following news of $2.5M in new funding from the Department of Energy; shares have dropped off early morning gains of as much as 65% but have more than tripled since the announcement.
    • A Seeking Alpha blog says the $2.5M influx moves the needle very little in the context of refinancing $530M of bonds outstanding, and that the stock soon will revert to fundamental valuation; post-reorganization, with convertible note holders taking the lion's share of value, equity holders will be left with less than 5% of the current trading value of the stock.
    • Uranium peers are mostly higher: URRE +8.8%, URG +5%, UUUU +2.8%, URZ +2.7%, DNN +1.5%, UEC flat.
  • Jul. 1, 2014, 10:58 AM
    • Uranium supplier USEC (USU +60.4%) soars as much as 70% in early trading after an SEC filing reveals it secured ~$2.5M in additional funds through the U.S. Department of Energy, bringing total DoE funding to ~$16M.
    • The funds come via an amendment to the agreement with UT-Battelle, operator of Oak Ridge National Laboratory in Tennessee, for continued R&D of the American Centrifuge technology in furtherance of Department of Energy national security objectives.
    • Also, a statement of operations shows revenues of ~$6M and a net loss of ~$3.5M in May.
    • Uranium peers on radar include UEC +7.7%, URG +2.7%, URRE +2.7%, DNN +1.6%, UUUU +1.6%.
  • Jun. 5, 2014, 10:54 AM
    • RBC cuts its outlook for uranium prices over the next several years as it concludes the market will remain in surplus through 2020.
    • RBC believes Japanese reactor restarts could result in a recovery in uranium prices to $40/lb. in late 2014 or early 2015, but thinks the price is likely to be capped at that level until the market begins to tighten; the firm predicts only four Japanese reactors will restart this year with 28 - slightly more than half the current fleet - eventually restarting.
    • Spot prices recently dropped below $30 as supply remains well ahead of demand since the Fukushima disaster.
    • RBC cuts its price target for industry leader Cameco (CCJ -2.5%), seeing shares rangebound between $18-$27.
    • URZ -3.3%, UUUU -2.5%, URRE -1.5%, UEC -1.1%, USU -0.9%, DNN flat, URG flat.
    • ETFs: URA, NLR, NUCL.
  • May. 16, 2014, 5:30 PM
    • Uranium prices have dropped to eight-year lows, with delays in restarting Japan's nuclear reactors prolonging a uranium supply glut, Bloomberg reports.
    • Uranium dropped to $29/lb. on May 2, the lowest since June 2005 and extending this year’s drop to 16%; UBS has reduced its 2014 price forecast by 9% to $39/lb., and Credit Suisse cut its projection by 7% to $38.80.
    • Japanese restarts are the key catalyst to get utilities to resume long-term contracting, which should support prices, Raymond James analyst David Sadowski says, cutting his 2014 price forecast by 14% to $36.
    • "The next 18 months we see as being a very difficult period for the market," Cameco CEO Tim Gitzel says in the report.
    • ETFs: URA, NLR, NUCL.
    • Companies: CCJ, DNN, USU, URRE, UEC, URG.
  • Apr. 11, 2014, 4:53 AM
    • 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
    • Nuclear ETFs: URA, NLR, NUCL
  • Apr. 5, 2014, 8:25 AM
    • 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
  • Feb. 26, 2014, 2:50 PM
  • Feb. 24, 2014, 11:42 AM
    • 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.
  • Feb. 19, 2014, 3:59 PM
    • 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.
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Company Description
Ur-Energy Incis a junior mining company operating the Lost Creek in-situ recovery (ISR)uranium facility in south-central Wyoming. It engages in the identification, acquisition, exploration & operation of uranium projects in the United States & Canada.