Posts for Ticker ‘UEC’

Top Analyst Upgrades (BCS, IDTI, JNY, NTES, POR, SQNM, TRMB, UEC)

These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street early this Wednesday morning:

Barclays (BCS) Raised to Overweight at HSBC.
Integrated Device Tech (IDTI) Raised to Buy at Deutsche Bank.
Jones Apparel (JNY) Raised to Buy at Lazard.
Netease.com (NTES) Started as Outperform at Bernstein.
Portland General Electric (POR) Raised to Overweight at Barclays.
Sequenom (SQNM) Started as Buy at Auriga.
Trimble Navigation (TRMB) Raised to Buy at Needham.
Uranium Energy Corp. (UEC) Raised to Sector Perform at RBC.

JON C. OGG

Posted on: April 29, 2009 – 6:51 am in Analyst Calls, , , , , , , ,

Business Week Gets More & More Speculative (ABX, CBLI, UEC)

Business Week’s "Inside Wall Street" weekly column has been known for moving stocks.  In fact it has been influential enough that people have been busted for insider trading via getting the names ahead of time and front-running the magazine.  This week’s column  looks more speculative than fundamental, which you can see if you go inside the real guts.  Here are the basics:

  • Barrick Gold (NYSE: ABX) was noted positively with the stock being called as "going to $75 in 18 to 24 months" by Schaeffer Research.  This is actually a call on how to play gold going above $1,000… just keep in mind that this is total performance chasing, even though it cites a near 10% pullback as Barrick has doubled in the last year and this is one of the largest pure-plays on gold out there.  Jim Cramer named this one recently as his speculative gold stock for 2008.
  • Cleveland Biolabs (NASDAQ: CBLI) was listed as being able to nearly triple after being cut in half.  Two mostly unknown pundits have spoken positively about it despite the company losing its largest potential Defense Department order for its anti-radiation drug Protectan, which lost out to Osiris Therapeutics (NASDAQ: OSIR).  It lists foreign government contracts, and its potential for oncological hopes in chemotherapy.  This one seems extremely speculative with a $56 million market cap, even if only 2.5-times net book value with essentially zero in real revenues.  This was one that we also recently noted as one of the many biotechs hitting 52-week lows.
  • Lastly noted is Uranium Energy (AMEX: UEC), a volatile speculative stock in the highly volatile uranium sector.  With so many already producing uranium and many being less speculative in a speculative group, this one is noted as having a new mine going into production in 2010.  If you look at our past grouping of uranium calls as the nuclear sector heats and cools, you’ll see why this one is definitely one of the more risky plays out there.  This also recently moved from the OTCBB to Amex, and was one we asked "when is enough finally enough?" in many of the uranium names.

We’ve seen the "Inside Wall Street" column give some great calls before, and we’ve seen it give some duds.  It’s too soon to call these out entirely, but twoout of these three have a real risk at ultimately giving investors a chanceof sitting on a goose egg.

Jon C. Ogg
February 22, 2008

Posted on: February 22, 2008 – 6:15 am in Analyst Calls, Biotech, Metals, Micro Cap, Nuclear, , , , ,

The Business Day In Global Warming (YGE, PCL, FSLR, SPWR, FTEK, NPWS, UEC, CEG, CVX)

Yingli Green Energy Holding Company Limited (NYSE: YGE) amended the joint venture contract with Baoding Tianwei Baobian Electric Co., Ltd. under which Yingli Green Energy will contribute additional capital of US$236.6 million to its principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd.

Plum Creek (NYSE:PCL) was noted positively on ethanol help on "Inside Wall Street" in Business Week.

First Solar (NASDAQ:FSLR) opened a new solar plant in Malaysia; First Solar was one of the WINDOW DRESSING stocks this week (see Friday notes on this) with more than 25% stock price gains.

SunPower (NASDAQ:SPWR) is partnering with Macy’s to install solar power in stores in California.

Fuel Tech (NASDAQ:FTEK) was awarded air pollution control orders totaling $4.8 Million.  This is the "cleaning up coal plants" player.

CGM’s Ken Heeber talked up Oil Services On CNBC (SLB, BHI), although we haven’t gotten his read on alternatibve energy.  This sounded much like T. Boone Pickens bullish call recently that we’ve addressed.

Read More »

Posted on: September 28, 2007 – 4:18 pm in Alternative Energy, , , , , , , , ,

AMEX Lists Uranium Energy Corp (UEC, URME)

Uranium Energy Corp (AMEX: UEC) has begun trading on the American Stock Exchange.  This was previously trading OTC under the "URME" ticker.  The company is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States.  The company claims to control one of the largest historical uranium exploration and development databases in the US and has acquired advanced uranium properties throughout the southwestern US.

it also calims operational management is comprised of uranium mining and exploration professionals with experience in the uranium mining industry gives the company ongoing uranium mine-finding and uranium mine development expertise.  Here is the management team data from the site.

Just yesterday it gave its fifth update this year of its progress at its Goliad Project in South Texas:  Since acquiring the Goliad project, the Company has drilled over 360 holes and completed extensive sampling, mapping and reporting by experienced independent and internal technical staff in generating a number of studies for permitting applications.  The Company plans to develop an in-situ uranium recovery facility, following the completion of further resource definition and engineering studies, that must meet the stringent review and analysis of the Texas Commission on Environmental Quality (TCEQ) for air, water, and radiation emissions before permits and licenses are granted.  In-situ recovery is a mining process developed in South Texas over the past 30 years. The process is well understood and has been applied successfully at other South Texas mining projects.

Here is the full SEC site data that will give a much in depth example and backgrounder for the financials and operations.  We recently covered how the media was increasing coverage of nuclear energy and we focused much of the sector and gave some other links as well.
As Media Touts Nuclear Energy, Time To Review Nuclear & Uranium Stocks
Cameco: Playing Pinocchio or Pangloss
NYMEX Trading Uranium Futures
Uranium Stocks Went Bonkers on Rising Uranium Prices

Jon C. Ogg
September 28, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the Special Situation Investing Newsletter and does not own securities in the companies he covers.

Posted on: September 28, 2007 – 11:12 am in Alternative Energy, Nuclear, , , ,