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February 9, 2013
13:52 EDTCCJCameco: Little improvement in Japan, but seeing some clarity on some issues
In a press release the company said: There was little improvement in 2012 over 2011 due to the lingering effects of the events in Japan, as well as global economic slowdown. However, we started to see some clarity on issues that have been overhanging the market. The most significant of these was the establishment in Japan of the Nuclear Regulatory Authority, NRA, which is currently drafting new safety standards for the nuclear industry in that country, against which reactor restarts will be evaluated. The NRA indicated that this process would likely take until mid-2013. While this means that reactor restarts will take longer than we had previously thought, we believe that the NRA brings important stability to the nuclear regulatory environment in Japan, and welcome the clarity it has already brought to the issue of reactor restarts.
News For CCJ From The Last 14 Days
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April 22, 2015
12:11 EDTCCJCameco May weekly volatility increases into Q1 and outlook
Cameco May weekly call option implied volatility is at 45, May is at 35, June and September is at 35; compared to its 26-week average of 37 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 29.
April 15, 2015
11:00 EDTCCJCameco announces contract to provide uranium to India
Cameco announced that the company has signed a supply agreement with the Department of Atomic Energy of India to provide 7.1M pounds of uranium concentrate under a long-term contract through 2020. The contract is Cameco Inc.'s first with India, which is the world's second fastest growing market for nuclear fuel, the company noted. "This contract opens the door to a dynamic and expanding uranium market. Much of the long-term growth we see coming in our industry will happen in India and this emerging market is key to our strategy," said Tim Gitzel, Cameco president and CEO.
06:52 EDTCCJJapanese judge blocks relaunch of nuclear plants, NY Times says
A Japanese judge yesterday blocked the country's government from restarting two nuclear power plants, according to The New York Times. None of Japan's 48 reactors has been operating since the Fukushima disaster, and the judge's decision is potentially significant because it directly challenges the government's new nuclear safety standards, the newspaper stated, adding that the two affected reactors may not reopen for months or even years. Cameco (CCJ) develops uranium used by nuclear plants. Solar energy companies whose products may be used to supplement nuclear power in Japan include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
April 13, 2015
10:00 EDTCCJOn The Fly: Analyst Upgrade Summary
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07:25 EDTCCJCameco upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded Cameco to Buy from Neutral. The firm upgraded Cameco citing a lower cost structure in the Canadian operations due to U.S. dollar strength and a strong long-term contract portfolio. Price target is $18.
07:06 EDTCCJCameco upgraded to Buy from Neutral at BofA/Merrill

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