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CAMECO CORPCAMECO CORPCAMECO CORP

CAMECO CORP

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CCO trade ideas

Safest Bet Among the Primary Uranium Producers!!Hey Friends! Cameco is the largest non-state owned public listed uranium miner, with uranium interests in Kazakhstan, US, Australia, and Canada. In Canada, the company operates the Cigar Lake mine in the Athabasca Basin in Saskatchewan, currently the world's highest grade mine. In Kazakhstan, the company is in a Joint Venture with Kazatomprom, the state-owned (and now publicly listed) uranium miner which operates the Inkai mine. The company has several other mines under care and maintenance, notably the McArthur River/Key Lake mine, also in Saskatchewan, erstwhile the world's highest-grade mine. And Cameco has made the right moves through the uranium bear market, shutting down its higher-cost mines, shelving development projects, and cutting its dividend to conserve cash. However, with uranium spot prices lower than the cost of production of even its Tier 1 mines, the company is aggressively purchasing uranium in the spot market to meet its contract obligations.This will preserve the value of its pounds in the ground as it waits out the bear market, and may also become a hidden balance sheet item in the way that Goldcorp used to accumulate bullion in its earlier days of existence. Cameco’s long term price contracts provide a hedge too. Based on the contracts it had in place as of Q2, the company would receive $40 per pound if the spot price was $40 per pound in 2020, $53 at a $60 spot price, and so on. If the company purchases uranium at the current spot price ($25.3/lb) and sells it at $30+ under its long-term contract, it makes a riskless profit, which is precisely what management has been doing and the reason why they are in no hurry to re-start their shuttered mines. If spot prices were to jump to $60/lb, we can see from the table that Cameco will receive $53/lb. Using their current all-in costs, that would translate to a 64% gross margin, netting $480 million in net income, based on our back of the envelope calculations. Cameco trades at 7.2x the forecast PE. For a conservative investor, Cameco is the safest bet among the primary uranium producers. Stay ahead of the masses, Seth Maniscalco Founder, Crypto Wealth Coach LLC Owner, Modern Wealth Management LP www.CryptoWealthCoach.com
NYSE:CCJLong
by smaniscalco
CCJ BottomReally like what I am seeing here. Very possible 1-2 1-2 pattern forming. Looking as though an entire EW cycle which started in 2001 may be complete. I like this play because I believe the entire uranium market is looking for a bottom. I know may traders that are interested in the market. I have also talked with a trusted CFA and he also likes this stocks numbers. I am confidently buying here between $8-$9. When the fundamentals are strong and the technicals align with the narrative, price discovery can be powerful. I am #Bullish.
NYSE:CCJLong
by dinerominded
CCJ lose with smileDate of putting the order: 2. 4. 2019 Date of purchase: 3. 4. 2019 Date of sell (all shares) first target: 10. 4. 2019 Risk of the portfolio 0,66 How many shares: 90 Where will I enter the market? 11,67 Price in 11,67 Profit taker 12,99 Stop loss (na most recent higher low) SAR(0,2;0,02;0,2) 11,27 How many shares on first target (write when sold) 90 Determined Price out at first target 11,64 Calculated max no. of shares based on max amount of $ 86 base 8000 $ Calculated max no. of shares based on max amount of risk 132 What is my profit objective at target? $118,80 Potencial profit at 2R $72,00 Write sometning about your psyhology thinking before trade? ok a little dizzy but in shape for trading. Describe the trade. What you see? there is an a rising wedge and I will trade between borders What have I done well for this trade? Enter point was appropriate but also the trade management was appropriate. You close the trade at the right price. you loose a bit but it could be worse What can I take away to help with later trades? no idea
NYSE:CCJ
by matjaz70
CCO Bull Pennant on the Daily Time FramePrice action is up-trending on higher time frames (weekly and monthly). The pennant formation shown is consistent with price consolidation within an uptrend. Pennant upper boundary has been touched twice (and almost a third time at the tip of the flagpole) and the lower boundary has been touched three times. The MACD is showing consolidation and is waiting for the breakout direction. Flagpole spans $3.30. A similar price increase, if the pattern breaks to the upside, is possible. This increase should be measured from the lower pennant boundary. Entry at this point is risky as the pattern may break to the downside. A more cautious entry would require waiting for price action to break and close above the upper pennant boundary, with a retest of the upper boundary now serving as support. An Aggressive exit would take place at a price roughly $3.30 higher than the lower boundary of the pennant on the move that breaks to the upside, with more conservative exits anywhere in between. This is not trading advice, but instead serves as a prediction of future price movements.
TSX:CCOLong
by LizzyD