60 MINS.- Hot future for nuclear. Thoughts.

ces

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Mar 24, 2005
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E of Ball State
60 Minutes had a piece on the future of nuclear looking very bright. Named a French co. (Areva) as being the world heavyweight in nuclear plant supplies. Teaming with an American co. named Constellation.
Wondered if anyone had any thoughts about of these cos. as investments. Also, saw mention on msn money about investing in uranium suppliers.
 
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selkirk

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Jul 16, 1999
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Ces Uranium is a good long term play, and prices should continue to climb. Do not know much about the companies you mentioned.

Producers and Jr.
CCO Cameco trades at 50PE and will be lucky if Cigar Lake comes on stream in two years,....maybe be much longer, the mine is trouble.

however it is the blue chip that most US fund managers flood into when they want to play the sector.

probably goes higher with the sector, however I do not own based on valuation.....of coarse would have said the same at $45cdn.

now 54.86 low 35.35

DML Denison Uranium producer with growing production going forward. avg. cost $12.75

currently 14.99 high 16.30cdn. low 10.05

good management and growing production, believe it is close fully valued and would rate it a hold near term.

looks good on a pullback of 5%, if we see it.....
will list on Amex in late April

UEX this is a jr. posted about our shareclub contest and this pick which was .25 cdn.
it was the main reason we won, as it climbed to over $3 in the year.
had good management and good properties and fully funded.
many in the club did well on the stock, sold over 75% between $3.25-$3.50 painfulllllllllllll :scared

now sits at $7.75

low 2.92 high 8.19
quite bit of hype is in the jrs. so would wait and if anyone is holding them, congrats but do not forget to take some profits, like half the positon.

thanks
selkirk
 

ces

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Mar 24, 2005
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E of Ball State
Thanks for the info., Selkirk. Part of the 6oMINS. piece talked about how clean the air is in France vs. the US coal and oil produced energy and the new and innovative ways of recycling the the used heating rods. Seemed quite favorable for the industry moving forward.
 
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