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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (109766)	7/23/2021 2:53:09 PM
From: Goose94	Read Replies (2) of 202400

Cameco (CCO-T) top pick from Norman Levine on BNN.ca Market Call Friday July 23rd @ 1200ET Cameco is one of the largest uranium producers in the world. Growing global decarbonization initiatives should increase demand for nuclear power, which will be positive for uranium. The company has a strong balance sheet with more cash than debt. Over the long-term we expect Cameco to see higher contract pricing for uranium as demand ramps up with new reactors that are currently being built and completed. In addition, the uranium market should slowly improve from current depressed levels, aided by ongoing material production cuts and more recently, ongoing inventory hoarding by various market participants. It is very early in the recovery for uranium, which bodes very well for Cameco over the next few years.

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