CCJ - Uranium's Golden Age: Positioning With Cameco

2024-02-14 13:12:37 ET

Summary

• Uranium prices have surged, reaching the highest level since 2007, driven by increased demand from electric utilities.
• The uranium market is facing supply constraints due to disruptions in exports and production setbacks in major producing countries.
• Cameco Corporation, Canada's largest uranium producer, remains well-positioned for success with its multi-faceted contracting and supply strategy and focus on expanding capacity.

(A Lengthy) Introduction

...Where I explain why uranium is the place to be

Ever since the global energy transition was accelerated in 2020, we have discussed a wide variety of energy sources, including fossil fuels, renewables, and nuclear energy.

Although I am massively overweight oil and gas stocks, I am a big believer in the importance of clean energy. In this area, I am a fan of nuclear energy.

While I have to agree with critics who say that nuclear reactors are expensive to build, there is no denying that nuclear energy can deliver something (most) renewable energy sources lack, which is significant energy density and supply reliability....

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