Posts for Ticker ‘NLR’

Nuclear Stocks Reacting to USEC Woes (USU, CCJ, NLR, URZ, DNN, URRE, PESI)

Carbon Emission ImageWe have already covered the nuclear winter blow-up over at USEC Inc. (NYSE: USU) after the DOE declines to issue a guarantee for it long-pending loan application.  What we wanted to see is what the fallout is in the rest of the nuclear sector.  As we expected, all of the stocks are down.  The good news is that these are not down anywhere as much we would have guessed based upon the sharp negative reaction for USEC shares.  This has Cameco Corp. (NYSE: CCJ), Market Vectors Nuclear Energy ETF (NYSE: NLR), and others on the defensive.
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Posted on: July 28, 2009 – 11:26 am in Nuclear, Trading Alert, Utilities, , , , , , ,

Pressure on Uranium Prices, Real or Not? (CCJ, URRE, DNN, NLR)

Because there is no real established exchange for buying and selling uranium, the workings of the uranium mining business is pretty much as mysterious to most of us as the nuclear reaction itself. One uranium miner, Cameco Corporation (NYSE:CCJ), trades substantial volumes at share prices well above $1/share. Most trade around a buck a share, at thin volumes, and have market caps well below $1 billion. That doesn’t mean there isn’t any action in uranium, just that it’s hard to spot. For example, Uranium Resources, Inc. (NASDAQ:URRE) recently received a decision in federal circuit court related to oversight of a planned underground injection control program that the company needs for in situ mining on a site within the Navajo Nation. The US Environmental Protection Agency has been judged to be the permitting agency for the project. Both the Navajo Nation and the state of New Mexico sought control of the program, and either would have been more to the company’s liking.

Posted on: April 21, 2009 – 10:38 am in Commodities, Nuclear, Trading Alert, , , ,

As Media Touts Nuclear Power, Time To Review Nuclear & Uranium Stocks (CCJ, USU, SGE, FLR, GE, URRE, USEG, URZ, CAU, MOS, CF, NLR)

It seems like the media is touting and flaunting more and more for a return of nuclear energy.  This may or may not happen as the applications are again for "Next Year" and it is with no surprise that it’s becoming the topic of much labor in Mexico pronounced "Man-ya-na" (sorry no N~ without changing languages).    You can also see where spot Uranium prices have come down significantly from the pre-summer ramp and summer highs.  TradeTech’s Uranium site shows its price chart for Uranium and The Ux Consulting Company shows much of the same.  But with $80.00 per barrel of oil and T. Boone Pickens calling for even higher oil prices you never know just how long the "call for nuclear power" will take to resurface from the investment community.  Nuclear power is getting more media coverage again. 

Let’s assume for a moment that we forget about the discussions leading to delays that have been perpetual.  Let’s for get about the political side of nuclear power.  Lets forget about killing land under mountains where we’ll bury the stuff in Nevada.  And let’s forget about the potential environmental catastrophe that can result if something goes horribly wrong.

There are many stock plays in the U.S. alone that will be huge beneficiaries of this if even one nuclear power plant approval goes through.  If there is one, why not the full dozen of them.  Here is the lot of companies:

Shaw Group (NYSE:SGR) is perhaps the most vertical of the engineering and construction firms.  Fluor (NYSE:FLR) is also in there.  And we can’t leave out the monster General Electric (NYSE:GE) for new reactors, nuclear fuel, reactor services and performance services.

Cameco (NYSE:CCJ) out of Canada is THE go-to behemoth in the stock market for Uranium miners and producers.  The much smaller company in the US is USEC (NYSE:USU), although its shares were hit exceptionally hard Friday after testing started.  Some more smaller and much more speculative stocks in the sector are Uranium Resources, Inc. (NASDAQ:URRE), U.S. Energy Corp. (NASDAQ:USEG), Uranerz Energy Corp (AMEX:URZ), and even Canyon Resources Corporation (AMEX:CAU).  Mosaic (NYSE:MOS) and CF Industries (NYSE:CF) are stealth plays in the sector that can enrich uranium from phosphate, but you should know that prices have to be very high and have to be expected to remain very high for quite some time for those to be cost effective.

 

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Posted on: September 14, 2007 – 12:32 pm in Nuclear, , , , , , , , , , , , , , , , , , ,