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

To: Goose94 who wrote (56440)	4/9/2019 5:32:28 AM
From: Goose94	Read Replies (1) \| Respond to of 203409

Cameco (CCO-T) top pick from Bruce Murray on BNN.ca Market Call Monday Apr 8th @ 1300ET Uranium price has been depressed since the Fukushima disaster, which led to a large surplus of uranium production. Cameco and other major miners (Kazakhstan) have curtailed production and are selling from inventory. Japan had 54 operating reactors in 2010 of which only four were operating in 2017. There are nine operating today with another eight approved to restart and 12 still applying for resumption. Japan is trying to move nuclear back to being the source of over 20 per cent of the nation’s electrical power. There are also 57 new reactors under construction largely in Asia. As stockpiles are run down, we would look for the price of uranium to double and would expect Cameco to triple. This is likely a three-to-five-year play.