The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
Uranium Price Update
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Uranium Stocks newsletter (03/04/2009)
The spot price for uranium has slipped slightly to $47/lb, according to TradeTech and to $45/lb, according to UxC. The longer-term uranium price remains steady at $70/lb. Over at NYMEX, the futures prices for uranium range from $45/lb for March 2009 to $56/lb for December 2009 delivery. The difficulty, as we see it, is that the broader markets are still taking a pounding as demonstrated by the DOW, which has halved from 14,000 to sub-7,000 as the sell off continues and the market expresses its displeasure at the myriad of bailouts and stimulus packages that appear to have little effect on the economy. This situation and negativity could exist for some time rendering any progress in the price of uranium subdued with uranium stocks going sideways in a consolidation pattern. Apart from the occasional pop northwards by a stock that genuinely has some good news or has been highly recommended, the order of the day will be a fairly static one. |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >