The real reason why Uranium stocks fell today, it’s not what you think!

While I miss being able to share our afternoon note on LW in its entirety, here is a snippet we discussed today on why Uranium stocks fell… Canadian based Uranium company Cameco (CCJ US) which we recently sold in the International Equities Portfolio fell 7% overnight on their quarterly production numbers and that sent the Uranium sector in Australia sharply lower today i.e. Boss Energy (BOE) -12.69, Paladin (PDN) -7.02% and Peninsula (PEN) -6.9%. The decline in local stocks is understandable while it’s also a sign that investors are sitting on one side of the canoe here, making stability an issue.

We’ve been (still are) Uranium bulls in the medium/long term, but short term the market has gotten out of whack for a few reasons with Cameco an important cog in our thinking. Cameco has sales contracts of about 29Mlb/yr out to 2027 at an average price of […]

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