Uranium Plays

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Would you have any recommendations for Uranium plays, stocks or ETF’s. I know it is fairly speculative but considering dipping a toe in some stocks or ETF’s, just which ones are the big question. CCO seems fairly solid?

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Asked on February 10, 2024 7:16 pm
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Hi there,
When it comes to speculative assets like this, I always prefer to go with best in class. Sure, they may not deliver the same level of returns as smaller capped, more speculative plays but on the flip side, they tend to perform better in the event of a bear market. In the case of Uranium, I am of the opinion that Cameco (CCO - as you mentioned) is best in class and it also happens to be world's largest uranium producer. In fact, it would be the only Uranium company i'd feel comfortable owning.

Another asset you might consider is Sprott Physical Uranium Trust (TSE:U.U). This is an investment fund and the first uranium trust which buys and holds physical assets. At the time of writing, it holds over 63 million pounds of uranium with a market value that exceeds $5.75B. It is probably the purest way to get exposure to uranium without the risks associated with development and production.

Here is a link to the fact sheet: https://sprott.com/media/4192/uranium-trust-factsheet.pdf

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Posted by Mathieu Litalien
Answered on February 12, 2024 6:22 pm
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Much appreciated, thanks for the reply. Wish I would have jumped on CCO a u year ago, but maybe the next dip might be a good opportunity. Seems like nuclear power might be the movement in the near future. Wind and solar seem to have fallen flat.
(bpl521@outlook.com at February 13, 2024 12:24 pm)