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Cameco Corporation (US)

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CCJ trade ideas

CCJI drew up this giant triangle on CCJ back in February and it was reminding me of #bitcoin TBH, I thought that the bottom trend line would in fact hold and we would see a bounce to the entire Uranium market. As well as the crypto markets. PM's are selling off and everything is breaking down below critical support. Shorts are being blocked from exchanges & not really sure where the bottom is but if CCJ goes sub $3 then I will probably sell my ass on the corner to get as much of this Uranium Giant I can buy. Be safe fam.
NYSE:CCJ
by Big_Mike716
Long-term uranium mining betI've been watching Cameco and the uranium mining market in general for years. It's about time to start building my position. In the past, I was interested in URA ETF , but I am not happy about what assets they put into the basket. Ideally, I would invest in the ETF tracking the uranium price. Since it's impossible, the next closest thing is uranium mining. I am not interested in all uranium-related businesses since they also depend on a variety of other factors. This is why Cameco alone offers, in my opinion, better exposure to the uranium price than URA ETF , not to mention the lack of managing fees. The intention here is to build a long-term position and collect some dividends in the meantime. If the price keeps falling, I am happy to continue accumulation (possibly including smaller mining stocks as well). The negative sentiment on the uranium market will end eventually, and I am happy to grow my position along the way. Uranium represents many ideas I have on the current market. My favorite is the growing demand for green energy. Nuclear power is one of the few sound alternatives to fossil fuels, and probably the most realistic one.
NYSE:CCJLong
by klos
The World is Not Quite Ready for UraniumB wave of correction made it past the .61 which is why I believe we're in a flat correction with a weak B wave, only getting to the .78. Thus, I would expect to see five waves down in this last leg. Targeting .61 minimum. There is confluence though at the .78 with wave C of the flat potentially reaching a 1.6 of wave A. Additionally fits well with the wave 2 of initial impulse. Currently just continuation of trend. Uranium not quite ready for trend change. When it is though, I'd be expecting some serious moves. Note, This is simply an observation and should not be considered as advice to buy or sell. Good luck out there.
NYSE:CCJShort
by MM-Charts
Safest Bet Among the Primary Uranium Producers!!Hey Friends! Cameco is the largest non-state owned public listed uranium miner, with uranium interests in Kazakhstan, US, Australia, and Canada. In Canada, the company operates the Cigar Lake mine in the Athabasca Basin in Saskatchewan, currently the world's highest grade mine. In Kazakhstan, the company is in a Joint Venture with Kazatomprom, the state-owned (and now publicly listed) uranium miner which operates the Inkai mine. The company has several other mines under care and maintenance, notably the McArthur River/Key Lake mine, also in Saskatchewan, erstwhile the world's highest-grade mine. And Cameco has made the right moves through the uranium bear market, shutting down its higher-cost mines, shelving development projects, and cutting its dividend to conserve cash. However, with uranium spot prices lower than the cost of production of even its Tier 1 mines, the company is aggressively purchasing uranium in the spot market to meet its contract obligations.This will preserve the value of its pounds in the ground as it waits out the bear market, and may also become a hidden balance sheet item in the way that Goldcorp used to accumulate bullion in its earlier days of existence. Cameco’s long term price contracts provide a hedge too. Based on the contracts it had in place as of Q2, the company would receive $40 per pound if the spot price was $40 per pound in 2020, $53 at a $60 spot price, and so on. If the company purchases uranium at the current spot price ($25.3/lb) and sells it at $30+ under its long-term contract, it makes a riskless profit, which is precisely what management has been doing and the reason why they are in no hurry to re-start their shuttered mines. If spot prices were to jump to $60/lb, we can see from the table that Cameco will receive $53/lb. Using their current all-in costs, that would translate to a 64% gross margin, netting $480 million in net income, based on our back of the envelope calculations. Cameco trades at 7.2x the forecast PE. For a conservative investor, Cameco is the safest bet among the primary uranium producers. Stay ahead of the masses, Seth Maniscalco Founder, Crypto Wealth Coach LLC Owner, Modern Wealth Management LP www.CryptoWealthCoach.com
NYSE:CCJLong
by smaniscalco
CCJ BottomReally like what I am seeing here. Very possible 1-2 1-2 pattern forming. Looking as though an entire EW cycle which started in 2001 may be complete. I like this play because I believe the entire uranium market is looking for a bottom. I know may traders that are interested in the market. I have also talked with a trusted CFA and he also likes this stocks numbers. I am confidently buying here between $8-$9. When the fundamentals are strong and the technicals align with the narrative, price discovery can be powerful. I am #Bullish.
NYSE:CCJLong
by dinerominded