iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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CNBC Shills For Uranium: The Secret is Getting Out

We might be due for a pullback, lads. The shills over at CNBC just published an article, rehashing month old news about uranium supply cuts in Kazakhstan and pointing out the obvious: nuclear energy is the single best, clean, source of energy. Forget wind and solar. We have the ability to split atoms, damn it — harnessing the power of physics to produce unlimited energy.

Granted, every so often our human traits leads us towards disaster and nuclear meltdowns occur. But perhaps we’ll get better lessons from the aliens next time.

Source: CNBC

“(Nuclear power) is undergoing quite a resurgence. A lot of countries are recognizing that nuclear power is the baseload supply of electricity that is emissions-free,” he added.
This is particularly in China where air pollution from coal-powered plants have become a social and political issue.

There are some 61 nuclear plants being built globally with another 150 being planned, so the demand outlook for uranium is much stronger than that for other fossil fuels, said Mark Jolley, equity strategist at CCB International Securities.
Macquarie Bank was more circumspect on the current rally, noting that the jump was from a low base as prices tanked to a 12-year low of $18 per pound low in November, with the run-up lagging gains in the energy complex.

“Uranium pricing is currently trading 50 percent of where it was 40 years ago in nominal terms – never mind adjusting for inflation. There is no other commodity for which this is true. Essentially, this has put uranium in the situation where many peer commodities were at this time last year, trading too far into the cost curve for pricing to be sustainable,” analysts wrote in a report on Jan. 20.

Even so, the Australian bank was upbeat on the outlook on confidence in the U.S., the world’s largest uranium consumer.
“With the closure of a large number of nuclear power plants announced earlier in 2016 on economic grounds, legislative actions in New York and Illinois keeping some of these open will provide both more optimism and spot market demand into 2017,” Macquarie analysts wrote.

I’m long $UEC and $URG with about 40% of my assets.

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8 comments

  1. LP

    Nova covering safe nuclear designs right now. Interesting. Sodium reactors FTW.

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    • sarcrilege

      It’s all bullshit unless it’s thorium-based nuclear power. The reason why we have to put up with the uranium fuel cycle is because it can be weaponized.

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  2. onlysallyssell

    I’m holding UEC until it’s $8 or zero, I DGAF

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  3. onlysallyssell

    I’m holding URG until it’s $3 or bankrupt. I DGARA

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  4. rangersfan

    That jaggoff Adam pawka, with this gay Brooklyn glasses was dead wrong, we go higher biotch. Mowgan Stanwey is garbage

    http://www.morganstanley.com/ideas/us-2017-equity-playbook-buy-election-sell-inauguration

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  5. ferd

    “pointing out the obvious: nuclear energy is the single best, clean, source of energy”

    Even if we didn’t have any more meltdowns, nuclear, as it is now used, is by far the most expensive way to make electricity. Got to figure in the cost of tens of thousands of years of spent fuel storage. You are profiting from evil as you piss on your progeny.

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