Walktothewater

Going to pick up Laramide and Denison, as my entry in Uranium.

 

Any naysayers on these two names?

Laramide just intersected gold

http://biz.yahoo.com/ccn/080618/200806180469358001.html?.v=1

Denison is basically another Cameco.

I just picked up some URRE today. The stock is down 42% since they annouced problems at Rosita operations earlier in the month. URRE are one of the handful of miners that actually produce and sell uranium

http://www.uraniumresources.com/20080609%2...ate%20FINAL.pdf

McCain Plans to Add 100 U.S. Nuclear Reactors, Invest in Coal

http://www.bloomberg.com/apps/news?pid=206...&refer=home

``I will set this nation on a course to building 45 new reactors by the year 2030, with the ultimate goal of 100 new plants to power the homes and factories and cities of America,'' McCain said. ``This task will be as difficult as it is necessary. We will need to recover all the knowledge and skills that have been lost over three stagnant decades in a highly technical field.''

Also, Middlefield Uranium Focused Metals Class (T.UF.UN) - which is about 50% directly into U308 stuff

Any good ETF's in the Uranium space or are individual stocks the way forward?

Try,

Market Vectors Nuclear Energy ETF (AMEX: NLR) from Van Eck Global

Global Uranium Fund, Inc. (T.GUR), managed by UBS

[As is usually the case, these probably only avail via NAmer dealers/exchanges]

Paladin up 12% today in Australia on huge volume (Toronto closed for Victoria Day) on rumour that Cameco might buy out

http://www.bloomberg.com/apps/news?pid=206...refer=australia

Is Cameco about to go acquisition hunting?

.."with the decline in the uranium spot price since June of 2007, the cost of potential acquisitions are coming into a much more reasonable range," Jerry Grandey, Cameco's president and chief executive officer, told shareholders during the company's annual meeting.

"Cameco is well-positioned to take advantage of emerging opportunities that will expand and diversify our business. When the right opportunities appear, your company will be actively building on its impressive asset base."

http://tdw.globeinvestor.com/servlet/Artic...ws?back_url=yes

So is this not the time to start looking for bargains or real long term plays?

 

Keeping an eye on Thorium power, only 8 employees but a uranium play that may

have gone past the despair point, but long term story to be unfolded if you can wait i guess

 

Riggers

Theoretically and normally yes. But the uranium pack have acted strange since begin of April. It’s not difficult to see another 50% loped off some of these, as they go to down to the 10-25c range en mass

Back to the Future... Barbera is now a U Bull

 

Revisiting Some Radioactive Ideas

What's next for U308?

by Frank Barbera

 

It was late August of last year when I sat down to update readers on the outlook for Uranium stocks. At the time, the sector had been going through its first major correction following several years of unbridled advance. Several months earlier in my newsletter update on June 21st, 2007 we became concerned that the Uranium sector was headed for a serious decline. In that update, we stated...

 

As we can seen in the chart above, Wave C down was almost exactly the SAME PERCENTAGE decline as Wave A with Wave A totaling (4/9/07 peak at 1389.58 less the A Wave low on 8/16/07 at 684.74 = 50.72%) with Wave C totaling (1116.04 Wave B peak on 11/2/07 less 556.41 on March 31st = 50.14%). What’s more, the declining waves were also very similar in terms of overall elapsed time with Wave A taking up 90 trading days on the downside, and Wave C unfolding over 101 trading days into the March low. Within the overall A-B-C structure, Wave B retraced exactly .66% of the prior A Wave decline. If we plot the Primary Wave II correction on the same longer range graph, we find that prices retraced about 1/3 of the prior entire bull market run (does that sound strange to anyone?). If so, it should not as this is simply what bull markets periodically do, and constitutes nothing but a ‘normal’ correction even though the absolute price decline from high to low so far has been (4/09/07 1389.58 less 556.41 3/31/08) a stunning 60%.

 

/see: http://www.financialsense.com/Market/wrapup.htm

Good Lord, I dont think Ive ever seen anything quite like the pounding uranium stocks are taking in recent weeks. The jnrs are being hammered again today, and the producers/adv explorers getting it too. A lot of jan/feb 08 supports being taken out as well. The bloodbath in prec metals jnrs pales in comparison, really does.

I bailed (a bit) earlier this year, but this still hurts. Im gonna pull the trigger here and buy some, I like the contrarian angle, but this beating is unlike anything Ive seen. Any wiser heads have a view???

http://www.minesite.com/fileadmin/content/...date14Jan08.pdf

review of aus u mining cos etc - long download - tahnks to madjock on tmf

Has volume completely dried up on the uranium and natgas jnrs, or is it just the ones Im following?

Have been keeping an eye on Penn West for a while, looking for a good point to buy for the long term. It’s sub-$27 at the moment which looks good, but with a p/e of over 38 I’m still hesitant.

PennWest is my largest single stock holding. Buy it and forget it.

Everything getting whacked today - LAM down 9%... I'm watching like a hawk but not buying just yet!

yep. sit tight. still not cheap enough. Im trying to use tech analysis to trade these moves. Look at DrBs Golden Inflection Point thread. These uraniums can go much much lower and prob will. If they do, THEN buy. If not, oh well, wait for weakness on next consolidation. I made serious dough with this approach in August, (aggressively) trading LAM and others. I have the following buy orders in place;

PDN $5.50

SAN $0.42

UEX $6.15

DML $8.75

PNP $4.00

some even look a bit high after todays action. Im expecting the mkts to go lower from here pre Dec 11. my 2 cents!

a concise guide on how to distinguish a good miner from an overvalued dog then please educate me, but I suspect it's not simple.

Get a sub to Doug Casey, Jim Dines, Jay Taylor, Paul van eden etc. Not being clever, the analysis is too much and i defer to the experts.. the advice from Casey and Dines alone has paid for their subs many times over.. good luck...

*********************************

Im waiting very very patiently for Credit Crunch 2.0 to expose some buy opps. On my watchlist for (re)entry are UEX, SAN, JNN, CHX. Also looking to add to my 'long-term' pos in the top-tiers, DML, UUU, LAM, PDN etc.

Up-move starting?/

 

Some of the U-stocks now have good bases in place.

We could be set for a good-sized upmove

Agreed. And natgas looks like a good punt too. But how can ANYTHING go up with US sliding into recession, and UK/US housing and stock markets going into bear mode?

Both my main U stocks have now been takenout. Urasia and now most likely Uramin.

My firsthand experience is that utilities and even fuel vendors are still interested in buying but the companies must be relatively small (not Cameco or BHP for instance) and have proven reserves. My strategy of concentrating on small near term producers has worked thus far and i will look to reinvest after takings some profits to buy a quality home cinema system

 

BTW - What U stocks are you nibbling at Bubb ?

where now u308 stocks??..

Bernanke 0.5%, following week Dow/Ftse down, u308 shares way down?

Im consigning my remaining shares to the "lottery ticket" component of my portfolio. I need to focus on nat gas anyhow (PennWest looks good)

JUST GOES TO SHOW...

 

You have to be willing to sell when the hype levels are high - like near the time of the Dines interview.

 

Uranium continued to rise, but starting near that time, the shares started to drift. They could continue

to drift for many weeks, and I will be in no rush to buy aggressively. Having said that, I am nibbling

at a few stocks

Frizzers (fine) interview and some other “alternative” reporting, a few newsletters, and the odd mention on the back pages in mainstream media hardly constitutes hype? If you want to see top-of-cycle hype look no further than todays irish times property section… say no more

My experience with U stocks, and Ive been involved only about 18mths now, is that buyers can return with a venegence after a period of consoldiation. So far, this is only my 2nd experience of an across the board consolidation in this sector. Mega Uranium (MGA.t) is a good example. Call up a 2-yr chart of the price action. It looks to be doing the exact same thing it did April/May of last year (sorry don’t know how to paste charts!).

Having said that, I agree that more downside is possible/likely here. No rush to buy aggressively here.

Just had two uraniums hit automatic buys today…

 

UPC.v for C$0.86

PNP.t for C$10.75

 

I’d set up these “stink bids” about a month ago. I almost bought UPC for C$1.15-ish a few weeks ago

Here’s hopin Im not going to cut myself too badly on the ol falling knife.

 

Anyone else dabbling?

And just bought load of JNN.v. My U exposure massive again, 20%+ yikes!!

Nice 12% gain on the day in Canada after Uramin announced it was in talks to sell the company.

China has earlier announced an interest and Areva has a 6% holding so hoping for a bidding war.

Just had two uraniums hit automatic buys today…

UPC.v for C$0.86

PNP.t for C$10.75

I’d set up these “stink bids” about a month ago. I almost bought UPC for C$1.15-ish a few weeks ago

Here’s hopin Im not going to cut myself too badly on the ol falling knife.

Anyone else dabbling?

Uranium May Rise to $250 a Pound Next Year, SXR Says

 

http://www.bloomberg.com/apps/news?pid=206...mp;refer=canada

 

Uranium may more than double to $250 a pound next year as demand for the nuclear fuel outpaces production, according to SXR Uranium One Inc.

 

``We'll see resistance at around $200 to $250, where utilities will take some pain,'' Neal Froneman, Toronto-based SXR's chief executive officer, said in a May 11 phone interview from Johannesburg. ``Within a few weeks, you'll see it go to $130'' and $150 later this year, he added. ...

The following stocks look cheap at close today:

BAY.v C$1.26

UPC.v C$1.13

probably buy both tomorrow

and getting cheap...

PDN.t

JNN.v

CXX.v

SXR.t

Price is now in triple digits

 

"The shot heard around the uranium world comes from Corpus Christi, Texas. A modest lot of 100 thousand pounds U3O8, offered by tiny privately owned Texas-based Mestena Uranium LLC, drove bidders to establish a new record spot uranium price. “The spot uranium price rose dramatically this week, jumping $18 to $113/pound U3O8, following the results of the sealed-bid auction,” according to Nuclear Market Review (NMR) editor Treva Klingbiel. “This is the largest single increase since uranium prices were first reported.” The spot uranium price jumped by nearly 19 percent this past week.

 

Since the beginning of the year, the spot uranium price has risen by 57 percent. By comparison, nickel has only increased by about 35 percent year to date. Nickel leads all metals traded on the London Metal Exchange (LME). In January 2001, spot uranium could be purchased for as little as US$6.40. Since then, yellowcake, industry slang for the processed nuclear fuel, has jumped by more than 1700 percent! According to Gene Clark, chief executive of TradeTech, which publishes Nuclear Market Review, “We are about $2 short of the all-time high in inflation-adjusted dollars.”

 

Bidders hoping to purchase the Mestena uranium came from all market groups, according to NMR. Uranium producers, traders, investors and utilities bid for the 100 thousand pound lot. Klingbiel gave three reasons for the aggressive bidding: ERA’s recent mine flooding, continued interest from speculators and utilities seeking significant quantities for near-term delivery. New demand from a U.S. utility also emerged in the long-term uranium market this week. The long-term uranium price remains unchanged at US$85/pound. TradeTech posts the weekly spot and long-term uranium price on the consulting service’s website at www.uranium.info. http://www.stockinterview.com/News/0407200...dred.html"

Anyone here own Mega Uranium (CA:MGA)? Popped bigtime yesterday?? Looking for comments on this as its my largest holding and I want to sell into this, what looks like, pending buying frenzy

I would suggest that not all are impacted equally by the proposed tax-law changes and some represent genuine bargains today. Some only exist because of and rely on the trust form, others simply have taken advantage of it and will do fine reverting to alternate forms. I would for example, NOT buy the trust index BAI.UN as it contains a lot of the former.

Existing trusts have 4yrs to figure how to deal with the eventual legislation. Moreover, the opportunity to get one hands on oil sand assets at these rolled-back prices, outways the concern over the form of the holding entity IMHO.

In recent days/weeks I’ve bought substantial positions in Arc Energy (AET.UN) and Canadian Oil Sands (COS.UN) at prices I thought I’d never see again.

PennWest (PWT.UN) and Vermillion (VET.UN) are on my buy list for the New Year.

Too busy trading gold I'll call you back

Interesting Oil Sands ETF, includes some trusts.

http://biz.yahoo.com/ifunds/061006/2006100...tf_jb.html?.v=1

hammered.

thnx to that proposed change in the tax law.

thank Gawd, I sold out earlier because I thought CNM was too expensive relative its nAV

 

anyone who holds, should consider selling, and buying individual royalty trusts.

that gap between price and nav will close somehow.

if it closes by the trusts rising, then you will do better with the trusts themselves

(on a geared basis- since CNM.un includes an element of gearing)

 

some Individual trusts here: http://www.advfn.com/cmn/fbb/thread.php3?id=13079166

Further to my earlier post Oct 10, I bought a nice large block of COS for C$26.50 during the sell-off (Ive wanted to own this particular one for years and feeling very clever right now!).

The thing is some of these trusts only exist because they're a trust, other trusts are good businesses in their own right and will convert back to regular corporations. Regardless of the legal form, IMHO, COS's Syncrude assets will be snapped up by one of the other interests in the project (Petro-Can?).

Have a look at www.cos-trust.com

Looking at the whole trust sector, it appears that money in this sector is flowing into the 'good' trusts. The five I've listed may do very very well, PennWest is another good one.

Cdn Energy Trusts are right of the top of the top of my “to-buy” list. Having recently gone on sale, they even look better now than Petro-Canada, a longstanding favourite of mine.

The better ones are [Toronto/NY trading]:

Arc energy, AET-UN

PennWest Growth, PWT-UN

Keyera Facilities, KEY-UN

Canadian Oil Sands Trust, COS-UN

With the recent downdraft, dividends from these are high single/double digits again. The large dividend means that even if these get cheaper going forward [highly possible] the payout goes a long way to offsetting paper losses. You can find Cdn Energy Trusts with very high payouts but the underlying share price not as reliable as the above [e.g. True Energy I beleive is paying >20%]

Also, take a look at Transcanada pipelines. Not a trust, but this one really is for “grannies and orphans”. Nice little dividend also which I suspect will be raised soon.