Wed, Apr. 22, 12:30 PM
- Uranium names are showing notable strength today following yesterday's ruling in Japan that will allow the Sendai nuclear plant to reopen, which would be the first plant to be reopened since the Fukushima disaster: CCJ +6.8%, DNN +5.6%, LEU +10.3%, URRE +4.5%, UEC +5%, URZ +2.6%, URG +1%, UUUU +1.7%.
- The news is positive for the nuclear industry to the extent that authorities in Japan have not given up on the energy source despite Fukushima.
- China is pushing for more nuclear power, with the government reportedly approving eight new nuclear power projects.
- A MarketWatch article paints a bright picture of the nuclear industry, with uranium prices rising ~35% since last summer and improving public opinion; "China and India believe that the upside from the clean energy from nuclear far outweighs the downside risks of sticking to dirty coal,” says GoldStockTrades.com editorJeb Handwerger.
- Last week, CCJ signed a deal with India to provide 7.1M lbs. of uranium concentrate over the next five years.
- ETFs: URA, NLR
Mon, Mar. 16, 6:00 PM
Mon, Jan. 5, 9:10 AM
Mon, Jan. 5, 7:45 AM
- Energy Fuels (NYSEMKT:UUUU) agrees to acquire Uranerz Energy (NYSEMKT:URZ), in an all-stock deal valued at ~$150M that the companies say will create the largest publicly-traded uranium producer in the U.S. by market cap.
- URZ shareholders will own ~55% of the shares of the combined company upon completion and receive a 37% premium based on the Jan. 2 NYSE closing price.
- UUUU expects to have a total of six uranium supply contracts with terms that extend into 2020; in 2015, the contracts require ~1M lbs. of uranium to be delivered at an average price of ~$58/lb., 63% higher than the current uranium spot price of $35.50/lb.
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. 10, 2014, 9:10 AM
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
Aug. 11, 2014, 9:11 AM
Jul. 18, 2014, 9:10 AM| 5 Comments
Jul. 17, 2014, 12:46 PM
Jul. 16, 2014, 4:56 PM
- Uranerz Energy (NYSEMKT:URZ) -11.2% AH after announcing plans for a public offering of as many as 8M units at $1.25 each.
- URZ says proceeds from the offering will be used to continue development of mining facilities, including wellfields, at its Nichols Ranch ISR uranium project, as well as for working capital and other general corporate purposes.
Jul. 14, 2014, 12:41 PM
- Uranerz Energy (URZ +3.7%) moves higher after reporting it is nearing completion of the commissioning phase of mine operations at Nichols Ranch, and flow rates from the production wells have outperformed initial estimates.
- URZ says it made its first uranium-loaded resin delivery to Cameco's Smith Ranch uranium processing facilities in mid-June, and expects to reach commercial production in Q3 and start making deliveries to its nuclear utilities customers.
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.
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. 14, 2014, 9:08 AM
URZ vs. ETF Alternatives
Uranerz Energy Corp is an exploration stage company engaged in the acquisition, exploration and, if warranted, development of uranium properties. It is also focused on constructing an in-situ recovery uranium facility.
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