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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (49723)	10/5/2018 7:07:36 PM
From: Goose94	Respond to of 203397

Cameco (CCO-T) new 52 week high, $16 BUCKAROOS

To: Goose94 who wrote (49723)	10/18/2018 8:13:13 PM
From: Goose94	Read Replies (2) \| Respond to of 203397

Cameco (CCO-T) top pick from Bruce Murray on BNN.ca Market Call tonite Thirst-day Oct 18th @ 1730ET We have been gradually building a position in Cameco in expectations of better pricing for uranium in the coming future. Both Cameco and Kazakhstan have shut down a substantial portion of their production to rebalance the world supply following the shutdown of the Japanese nuclear power industry after the Fukushima disaster in 2011. Even japan is returning to nuclear power, with nine reactors now restarted and 26 others in application to restart. There are 453 operable reactors in 30 countries, with 55 under construction and 152 on order or planned. The uranium price is $10 above its November 2016 low of $17.75 and is expected to move much higher ($40 plus) over the next five years. Cameco has a profitable backlog of about 22 million pounds of annual uranium deliveries through 2022. Cameco also recently won a court judgement against taxes claimed by the CRA, which has cleared another negative on the stock. The stock was as high as $59.90 at the previous peak in 2007 and we believe it could return towards $40 as the fundamentals improve.