URA ... Uranium ETF

Discussion in 'Stocks' started by BKR88, Jan 15, 2023.

  1. BKR88

    BKR88

    URA setting up for a breakout?
    ***Holding small positions in URA, UEC, UUUU.

    URA.png
     
    Mr.Richter and themickey like this.
  2. themickey

    themickey

    I hold several uranium stocks some months now, there are probably about 7 reasonably good uranium stocks listed on ASX.
    Definitely a good place to be imo.
     
    BKR88 likes this.
  3. wartrace

    wartrace

    BKR88 likes this.
  4. themickey

    themickey

    BHP's uranium production has been falling over the past year, it has only one mine in South Australia, Olympic Dam.
    Olympic Dam is however the fourth largest copper deposit and the largest known single deposit of uranium in the world. Copper is the largest contributor to total revenue at that mine, accounting for approximately 70%, with 25% from uranium, and approx 5% from silver and gold.
    However, in terms of total BHP revenue, uranium is an insignificant financial contributor, something like no more than 1%.
     
    Nobert likes this.
  5. wartrace

    wartrace

    I realize BHP is not a pure uranium play however their other products are attractive to me as is the dividend. I have URNM to cover more of the uranium sector.
     
  6. vanzandt

    vanzandt

    ABB is the way to play Uranium.
    And Fluor.
    For multiple reasons.
     
  7. wartrace

    wartrace

    Another good play is Cameco. Since quite a bit of nuclear fuel is refined and processed in Russia this Canadian company should benefit from the current geopolitical environment. The reasoning is further explained by a nuclear expert in the second linked podcast above.
    https://www.cameco.com/about

    Vanzandt; Fluor may be a good play however I would be concerned about what role they would play now that the idea of modular reactors and SMRs are going to have going forward. With the massive cost and time overruns experienced by constructing the entire reactor on site there may be a push for factory-built reactors. I am not here to argue about anything; just stating what I believe may happen. :D
     
  8. BKR88

    BKR88

    Harris Kupperman ("Kuppy"):
    2023 view.

    Kuppy...Uranium.png
     
    wartrace likes this.
  9. BTW another player in the uranium sector (miner, developer and explorer) is PALADIN ENERGY (PDN). Slowly it's getting out of the penny stock area and technically it looks promising IMO.
     
    wartrace likes this.
  10. BKR88

    BKR88

    #10     Jan 25, 2023