Cameco Corporation: How To Invest In Uranium [Seeking Alpha]
Cameco Corporation (CCJ)
Last cameco corporation earnings: 5/1 07:00 am
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Source: Seeking Alpha
Summary A closer look at the uranium mining industry over the last 20 years reveals a classic debt-fueled commodity cycle which peaked in 1Q2011 and, I believe, bottomed in 4Q2016. As demand increased globally and uranium spot prices rose to over $70/ton by early 2011, gargantuan long-term CAPEX projects were commissioned to increase production. However, after total nuclear energy consumption peaked at ~626 million metric tons of oil equivalent ("mTOE") in 2010, the market entered a deep recession following the March 2011 Fukushima disaster. Beginning in 2011, global nuclear energy consumption, the largest driver of uranium demand, fell 10% (predominantly due to Japan shutting down virtually all reactors in the country), resulting in spot prices falling to under $20/ton by 4Q2016. Source: Statista Given the long-term importance of nuclear energy to the global energy landscape, I believe that the uranium market is set to rebound over the next 3-5 years. As we have
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News
- Purepoint Uranium Group Inc. Launches Strategic Drill Program at Turnor Lake Project Targeting the La Rocque Structural Corridor [Yahoo! Finance]Yahoo! Finance
- Bedford Metals Reaches Definitive Agreement for Ubiquity Lake Uranium Project in Athabasca, Canada [Yahoo! Finance]Yahoo! Finance
- Bedford Metals Reaches Definitive Agreement for Ubiquity Lake Uranium Project in Athabasca, Canada [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Canada needs to have a plan for the U.S., no matter who becomes president. That starts with making us matter more [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- The Week Ahead: Fed interest rate announcement; Canada GDP data due [BNN Bloomberg (Canada)]BNN Bloomberg
CCJ
Earnings
- 2/8/24 - In-Line
CCJ
Sec Filings
- 4/9/24 - Form 6-K
- 4/5/24 - Form 6-K
- 4/5/24 - Form 6-K
- CCJ's page on the SEC website