Heather Exner-Pirot: Huge Cameco deal makes it a nuclear giant, too

The headquarters of Cameco is seen in Saskatoon, SK on Friday, September 13, 2019. (Saskatoon StarPhoenix/Liam Richards) Article content

Last week, Cameco, the Saskatchewan-based uranium miner, announced it was acquiring American nuclear energy giant Westinghouse in a partnership with Toronto-based Brookfield Renewables. Article content

The multi-billion-dollar deal made news and created buzz in the business sector, but its real significance is geopolitical. Russia’s invasion of Ukraine has set off a chain of reactions in the West, from friend-shoring supply chains, to prioritizing energy security, to hastening demand for non fossil fuel sources of electricity. Article content

The Cameco deal is a manifestation of all of those.With its headquarters in a nondescript neighbourhood on the west side of Saskatoon, Cameco is the world’s largest publicly traded uranium company, buoyed by two of the most valuable mines on the planet, both in northern Saskatchewan’s prolific Athabasca basin: Cigar Lake and McArthur […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet