Energy Stocks Catch Fire
Energy stocks have been on a tear in recent weeks. So much so that the XLE is nearly back to flat for the year after falling nearly 20% in the first few weeks of 2016: XLE (Daily) In the … Continued
Uranium Poised For A Rally
While uranium has been oscillating between $35-$40/lb this year, uranium stocks have performed relatively poorly as the broader energy space has remained under pressure. However, things may be on the verge of undergoing a significant shift very soon: Cameco … Continued
Japan Restarts its First Nuclear Reactor Since Fukushima – How To Play It
Some key points courtesy of Cantor Fitzgerald Metals & Mining team: Kyushu Electric Power Co. has announced that it will resume operations at its Sendai nuclear power plant at 10:30am on August 11 (9:30pm eastern time tonight). o … Continued
Uranium Market Oversupply Moves Closer to Balance
A note on the current dynamic in the uranium market from Haywood Securities this morning: “Uranium market conditions continue to suffer in the wake of Fukushima. The attrition of major projects in the global production pipeline will go some distance … Continued
Cameco Breakout Update
Wednesday morning we highlighted mega uranium producer Cameco (CCJ, CCO.TO) and the potential for multiple chart pattern breakouts along with improving fundamentals. Since then Cameco shares have rallied ~10% and broken out above a 13-month downtrend line while completing a rounding … Continued
This Key Energy Producer Could Be Set to Soar
After enjoying a meteoric rise between 2002 and 2007 Cameco (CCJ) has endured an extremely challenging few years since the Fukishima disaster in March 2011: Technically speaking, there are a lot of positive developments in the CCJ chart including … Continued