Yesterday Cameco sold off 2 points in line with the energy complex as a whole. But since when did Cameco move with them? It is already languishing near its 52 weak low and the price of uranium seems to have bottomed last month. Paladin as well seems to have developed a short term top. I hate fighting the trend, but if I was looking at this from a long term perspective, what more do I want out of a company?
Ultimately, Cameco is the best way to play the nuclear revival since it is diversified and, I believe, good management since it waited, patiently, for the speculative mania to play out in the junior miners and is slowly accumulating premiere assets and joint ventures.
Areva, of course, is the Exxon of nuclear but it is a very illiquid company. So Cameco I would liken to ConocoPhilips.
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