STOCKCHASE

(Market Call Minute.) China is going to build somewhere between 80 and 100 reactors in the next 15 or 20 years. The world does not have that much uranium.

2010-02-08

WAIT

29.960

Starting to come up on his radar but not ready to buy yet. Pumping water out of cigar Lake is almost finished. Outlook for uranium is improving.

2010-01-28

TOP PICK

31.910

China, a laggard environmentally because of coal usage, will be building between 20 and 40 nuclear plants in the next 25 years and doesn't have enough uranium. Cigar Lake is now being successfully de-watered, making it the biggest global producer. A story for the next 2 decades.

2010-01-14

TOP PICK

33.900

Rick Stuchberry

If recovery and move towards clean power continues as well as India and China's move towards nuclear facilities, this one looks interesting. No rush to buy. Looks like Cigar Lake is being fixed. Biggest producer globally.

2009-12-30

HOLD

32.150

Rick Stuchberry

Uranium. This is the “go to” company for institutions. Have wonderful properties. Had some operating problems with Cigar Lake but these can be fixed.

2009-12-10

TOP PICK

32.670

Barry Schwarrtz

Has assets supply of many, many years of uranium. Will have a clean balance sheet. On the hunt for acquisitions. Thinks uranium prices are going to go higher. This is a China story and will increase its uranium demands as it builds nuclear reactors.

2009-12-02

PAST TOP PICK

31.400

(A Top Pick Jan 8/08. Up 28.47%.)

2009-12-01

BUY

31.890

Dennis Da Silva

If you have a good view on uranium, this is the proxy. Has a history of missing numbers and operational problems. Going into a new zone that is riskier in terms of water encroachment. If you want uranium, this should be one you own.

2009-11-18

DON'T BUY

29.840

Loves uranium as a commodity. Nuclear energy is the future, although it will take a long time to put into effect. Had a number of accidents lately, which seems to be an ongoing theme. If he were to buy anything it would be Uranium Participation (U-T).

2009-11-02

BUY

29.840

Craig MacAdam

Very bullish on uranium and this is one of the market leaders. Fully integrated in the nuclear cycle from mining to enrichment as well as some exposure to electrical generation. You have to be prepared for operational disappointments.

2009-11-02

PAST TOP PICK

30.700

(A Top Pick Jan 8/09. Up 29.7%.)

2009-10-16

DON'T BUY

29.620

John Zechner

Uranium prices are going higher. Supplies are going to be constrained. It will do well, but other names will do better, e.g. U-T.

2009-10-06

PAST TOP PICK

30.430

Bill Carrigan

(A Top Pick July 3/08. Down 26.92%.) Stopped out with a 11% decline. Chart looks bullish. Alternative energy plays are going to be uranium, natural gas and coal. Wind, solar, etc. is a lot of money for what you are going to get out of it.

2009-08-28

Comment

31.090

Andrew Cook

Good, easy, liquid way for people to play uranium but you won't get the beta/torque that you would from some of the smaller names.

2009-08-20

Comment

29.380

Mike S. Newton, CIM FCSI

They seem to continue to disappoint going back over the last 5 years.

2009-08-11

PAST TOP PICK

29.490

(A Top Pick Aug 1/08. Down 17.3%.)

2009-07-28

DON'T BUY

27.670

Jean-Francois Tardif

The good thing going for them is the price of uranium. If uranium goes to $150 in 8 years the stock will be higher. Seem to have problems in everything they do. Prefers Paladin (PDN-T).

2009-07-07

PAST TOP PICK

29.580

Bill Carrigan

(A Top Pick July 2/08. Down 29% but because of his stop loss at $37 so it was only down 11.14%.)

2009-07-02

BUY

28.200

(Market Call Minute.) Opened their Port Hope facility at ahead of schedule producing uranium hexafluoride. All the announcements of new nuclear power installations being built is terrific to good for them.

2009-06-18

HOLD

30.750

Ken McCord

(Market Call Minute.) Prefers Denison (DML-T) instead.

2009-06-09

PAST TOP PICK

30.130

(A Top Pick May 20/08. Down 29.03%.) Uranium has bottomed out. Reasonable to assume that in the next 2 years you will see the price of the stock in the $30's.

2009-06-04

TOP PICK

28.830

This is the global giant in the uranium space. Feels there is a long-term secular theme in energy and specifically nuclear power. Most cost at $19 a pound.

2009-05-15

BUY

29.180

Jim Huang

Likes uranium and thinks there is upside to something like $60-$80 a lb. over the next couple of years. This is one of the world’s biggest producers and own one of the richest mines.

2009-05-07

BUY on WEAKNESS

29.650

Things are starting to improve in the uranium market. Chinese are building a number of reactors. Starting to warm up to this one now.

2009-05-06

DON'T BUY

25.850

Prefers PDN-T, plus see today’s top picks.

2009-04-28

BUY

21.960

Wants a company with production. They have a problem with contamination in Saskatchewan. The time to plan, approve and build a nuclear reactor is long, so there is lots of time to plan. Sees a long slow upslope of Uranium prices. Patient Money – 5 to 10 years.

2009-04-14

Comment

21.220

Jeff Parent

Fairly major consolidation level in the low $17’s up to $21 level. If it breaks out, it could have a significant rally to at least $25 without a lot of resistance until $30. Wait for it to break out above $21. (You could put a Buy order in at $18.50. Putting low bids in has been a good way of making some money, especially in volatile markets.)

2009-03-18

Comment

20.050

John Zechner

Likes uranium. This one could go up with uranium prices but he would play through the Uranium Participation (U-T), which is a direct play on uranium prices and is trading as if uranium was $28 a pound.

2009-03-16

DON'T BUY

17.630

Likes the uranium commodity. Chinese growth plans for nuclear power plants include 40, 50 or higher. For longer plays on uranium he prefers Uranium Participation (U-T). This company has had mine troubles at Cigar Lake.

2009-02-25

BUY

19.200

Started going down ahead of the other resource stocks. China, India and Finland are going to be building new nuclear power plants. Demand should grow gradually over the next 5 10 years.

2009-02-13

HOLD

19.200

Market has been waiting for ever for an announcement on Cigar Lake. There is a sense in the market that they might even put it on hold. #1 uranium producer globally. Uranium will get going again at some point.

2009-02-13

BUY

20.590

Bill Harris, CFA

(Market Call Minute.) Buy it but use pretty rigid risk management. A one-asset company. Best thing in uranium in Canada but there are always risks to a one-mine company.

2009-02-10

PAST TOP PICK

20.710

(A Top Pick Feb 4/08. Down 37.2%.)

2009-02-09

Comment

21.380

Michael Decter

Best of the uranium companies. Watching. Uranium had a big run on speculation that a lot of nuclear plants would be built, but timing was ahead of itself. Nuclear plants take a long time to get approved and built. Has an ongoing problem with flooding in Cigar Lake mine. With a 3 to 5 year view this would be a good one to own.

2009-01-28

SELL

21.750

Brendan Caldwell

(Market Call Minute.) Wouldn't be a holder of this one right now.

2009-01-19

Comment

21.800

Uranium is holding in around the $51 level. Have had a number of production issues.

2009-01-15

PAST TOP PICK

21.300

(A Top Pick Jan 2/08. Down 47.8%.) 38 nuclear power plants are being constructed globally with 34 in the US. Longer-term story for uranium is great. Largest producer. Also has ownership in Bruce Power Plant and other assets. Will be substantially higher in long-term growth. Buy.

2009-01-14

BUY

22.420

Paul Gardner, CFA

(Market Call Minute.) Uranium prices seemed to have stabilized and gone up. Seemed to have sorted out their problems other than Cigar Lake. Nuclear energy is here to stay.

2009-01-13

BUY

22.670

Ross Healy

(Market Call Minute.) Now has a technical breakout here, which could carry further. No shortage of demand for uranium.

2009-01-09

TOP PICK

23.760

Very bullish on uranium. This company supplies about 20% of the worlds’ mine supply. Trading at about 13X PE. The Cigar Lake disaster has been discounted.

2009-01-08

BUY

23.770

Own 38.1% of Bruce Nuclear and 48% of Ventura Gold (VGO-X). Recently began buying. Uranium pricing seems to be firming up. This is probably the best way to get uranium exposure.

2009-01-07

Comment

19.670

Bruce Campbell

Generally likes the uranium space. Prefers Paladin Resources (PDN-T), a higher growth/low-cost way to play. This is kind of the monster of the group and will probably move first.

2008-12-23

DON'T BUY

20.300

Don Lato

Uranium has fallen along with oil. This company also has other problems. Their Cigar Lake is still having operational problems. In energy, he would prefer oil/gas where there are some very solid companies.

2008-12-19

Comment

18.290

David Cockfield

(Market Call Minute.) Getting close to a Buy range. Watch it on a technical basis. Good company.

2008-12-05

Comment

18.330

Peter Gibson

Just coming into a phase where China is starting to ease. Doesn't think you can bring 3 billion people into a global economy and have oil prices stay at their current level. Thinks you will see uranium stocks come back again. It could take a few years.

2008-10-28

BUY

18.350

Dennis Da Silva

“Go to” name if you want uranium exposure. Has its problems and downgraded its production earlier this year. Still don't know if Cigar Lake is a new leak or remedial problems from its earlier leak and no timeframe as to when it will come in. Very good cost base. Highly liquid and strong assets.

2008-10-21

HOLD

18.610

Outlook is OK

2008-10-14

BUY

26.100

Michael Decter

If interested in uranium, this would be his choice. They struggled with the flooding at the Cigar Lake mine. Down 41%.

2008-09-23

SELL

23.040

Ken McCord

Uranium out of favour. Terrible production problems and Cigar Lake never seems to go away. A law allowing foreigners to own more uranium might be a catalyst but that could be a ways off. If he had it in his portfolio it would be a Sell.

2008-09-18

Comment

25.780

Benj Gallander

Check to see if you should Sell and take a tax loss. He does not know the financials on this one. It will slow with uranium prices and with what happened at Cigar Lake.

2008-09-15

DON'T BUY

27.310

(Market Call Minute.) Uranium has performed like the rest of energy. Stay away.

2008-09-08

Comment

28.530

Great company with great output. Biggest problem is correction of the water problems at Cigar Lake. This hurts their potential production.

2008-09-05

DON'T BUY

28.780

He is very enthusiastic on uranium longer-term. There are enough question marks on this company that he would prefer Uranium Participation (U-T).

2008-09-04

DON'T BUY

31.940

Steve Carlin

Uranium fundamentals appear to be looking pretty good. Unfortunately, this company has one misstep after another. He just can't get comfortable with the earnings profile so it is not an attractive investment to him yet.

2008-08-29

HOLD

30.480

Participating in Kazakhstan. Had another flooding problem at Cigar Lake. Uranium buying is picking up again. Only decent size producer. Could look at a couple of smaller ones such as Hathor Exploration (HAT-X) and UEX Corp (UEX-T) on the premise that Cameco will buy them.

2008-08-20

Comment

30.520

Ron Meisels

$32 is an extremely support level. If it breaks $32 you are looking at a major disaster on the price level. Holding here between now and the end of September will give a better outlook for the stock going higher.

2008-08-15

DON'T BUY

33.960

Brian Acker, CA

His model price is almost right on the current price and has a -3% differential. Earnings have been coming down.

2008-08-06

Comment

33.800

(Market Call Minute.) Stock is trying to make a turn here. Wouldn't want to see a trade below $32.

2008-08-05

TOP PICK

35.650

Only real genuine uranium producer. Shortly going into massive production in Kazakhstan. Fixing up Cigar Lake.

2008-08-01

DON'T BUY

36.810

Duncan Stewart

Uranium prices went down when they were expected to go up. Seems to be some unusual speculation going on in the uranium market. The linkage with oil prices does not seem to be in place yet.

2008-07-28

HOLD

37.390

Uranium is going through a bottoming process. Had a number of issues with Cigar Lake is taking a long time to bring it back on strength. Recently announced an acquisition in Australia to diversify their holdings. Australia has controls with regards to expansion of uranium, which is a limiting factor. Prefers some of the smaller players. (See Top Picks.)

2008-07-23

Comment

41.360

Big believer in peak oil. Nuclear power is part of the solution. China is building about 40 nuclear plants and there is talk of plants being built in Saskatchewan and Alberta. Very attractive stock with a world-class asset.

2008-07-07

TOP PICK

42.500

Bill Carrigan

Thinks that a lot of the alternate energy plays are not going to work but uranium is here to stay. This is a long-term theme.

2008-07-03

TOP PICK

38.860

Paul Harris, CFA

Likes the uranium business. Fundamentals are very strong. They are the lowest cost producer with the best assets. Thinks they are on target to get Cigar Lake mine going again by early 2009.

2008-06-25

HOLD

37.900

Pat McKeough

If you own, he would be inclined to Hold. If it were a big part of your portfolio, he would Partially Sell. The stock does not have an immediate attractive outlook.

2008-06-20

DON'T BUY

41.180

Steve Carlin

Uranium is currently trading at about $60 a pound and is getting to levels that represent the marginal cost to bring on a new mine so thinks that uranium has bottomed. This company still has to get Cigar Lake up and running and have some Port Hope issues.

2008-06-03

DON'T BUY

40.320

Laura Wallace

Have had problems with Bruce Power and Cigar Lake. Trading at about 1.5X asset value so thinks it will tread water here or go down to a more attractive price such as $35.

2008-05-23

TOP PICK

42.840

Down 22% over the last year. With a focus on the green environment this is the non-CO2choice. Largest producer of uranium in the world. Buy this one as a laggard. You have decent growth.

2008-05-20

DON'T BUY

41.590

Derek Webb, CFA

Uranium prices have been coming down for the last year in spite of the stronger oil prices. At some time this will be a great buy but he doesn’t know when this is going to happen.

2008-05-16

DON'T BUY

40.760

Brian Acker, CA

His model price is $37.21, about an -8% differential.

2008-05-08

HOLD

35.100

A lot of the uranium stocks are in bottoming phases. Uranium spot price has traded down to the $65 area. Long-term contracts themselves are trading in the $90 area. As the economy starts to move again, this is an area that will resurface and will spark to life. Would consider adding to it on weakness.

2008-04-29

Comment

37.100

Duncan Stewart

Seems to have a jinx. Close to its lows. Taking the right steps in the right direction for the flooding at Cigar Lake.

2008-04-25

Comment

37.100

Duncan Stewart

Seems to have a jinx. Close to its lows. Taking the right steps in the right direction for the flooding at Cigar Lake.

2008-04-25

Comment

38.510

Gordon Higgins, CA, MBA

One factor weighing on the stock is the big drop in the price of uranium. Also had some flooding problems with one of their mines. You have to believe in uranium prices to buy this at the current level, otherwise it will be flat.

2008-04-17

Comment

37.510

Bruce Campbell

Their problem in Saskatchewan started the whole higher run in uranium. He feels uranium prices are at nice levels now and they go up higher. Looking to start a uranium mail in Alberta, which normally takes 4 to 5 years. Early days, so it is not built into anything yet.

2008-04-11

BUY on WEAKNESS

33.990

Would like to own the stock at a lower price.

2008-03-27

HOLD

34.500

China will have a huge demand for resources, energy and uranium in the future. Wouldn’t buy at this price, prefers the competition. Would hold at this price.

2008-03-19

BUY

39.360

Have started plugging successfully at Cigar Lake. Utilities have started buying uranium again.

2008-03-13

SELL

38.060

John Zechner

Thinks the uranium story is winding down and that uranium prices will be $40-$50 3 years out. This company has had their own production issues to deal with. Not that attractive.

2008-03-06

BUY

38.930

Michael Sprung

Recent 4th quarter was a little bit disappointing as uranium prices they were getting was lower than expected. Also, operating costs have been getting very high. Have also lowered their production estimates for next year going forward, it is the standard in the uranium industry.

2008-03-05

DON'T BUY

38.830

We are in a market where you are seeing an arbitrage amongst a bunch of different types of energy production. Natural gas prices are starting to come more in line with oil with BTU. The same with coal. Market is pretty well supplied with uranium currently. You can see this in the pricing. A lot of nuclear plants are being built. This will continue and ultimately uranium prices will move higher. Wait until the group turns higher.

2008-03-03

DON'T BUY

38.550

Prefers others in the uranium field. Had issues with Cigar Lake in terms of production delays. Looks like they are going to continue to have issues for the next couple of years. Would prefer Denison (DML-T) or Paladin (PDN-T).

2008-02-29

TOP PICK

36.880

Paul Harris, CFA

Has the best uranium deposits in the world. This is a very simple dynamics on uranium. There are 442 nuclear reactors around the world. That requires 180 million pounds of uranium a year. In 2005 110 million pounds of uranium was produced. There have been a lot of problems and there is not a lot of supply coming on board.

2008-02-21

BUY

32.320

Paul Gardner, CFA

Because the Cigar Lake, this will be dead for a couple of years. However, there will still be the ultimate demand for uranium and this is the only play out their at reasonable levels. Good long-term assets and management.

2008-02-05

TOP PICK

33.530

This is a uranium company that has the ore in the ground and will have that even if they have difficulty in getting it out of Cigar Lake. Huge demand for uranium for fuel is going to hit us 8 to 10 years from now.

2008-02-04

SELL

34.090

Laura Wallace

(Market Call Minute.) Expensive relative to its earnings potential.

2008-01-30

PAST TOP PICK

34.630

Robert Lauzon

(A Top Pick in June 28/07. Down 34.6%.) Largest producer of uranium globally. Have had problems with certain mines. The production they sold over the last 5 years at reduced prices will be getting higher prices. Sees earnings improvement of 15%/20% over the next 5-10 years. Buy on any pullback.

2008-01-28

DON'T BUY

34.850

Gordon Higgins, CA, MBA

Had troubles with flooding in their Cigar Lake mine. They have been able to stem that and got fixed a little earlier than expected. Uranium prices have dropped. To spur this one, you would really have to see uranium prices spike up, which doesn't look like it is going to happen in the near term.

2008-01-25

DON'T BUY

35.300

(Market Call Minute.) Uranium stocks look promising but this one still has its issues.

2008-01-18

WAIT

35.500

Brian Acker, CA

His model price is $41.28, a 14% positive differential. The bottom is $31.60 and look for a big bounce there.

2008-01-17

TOP PICK

41.000

Has dropped because spot uranium prices have come down and the flooding of Cigar Lake mine. It will be back on in 2011. The price of their long-term contracts keeps on being re-priced. Earnings will be up 35% to 40%.

2008-01-02

BUY on WEAKNESS

35.600

Would love to be in the uranium business had have been being looking at it. Still early. Have some internal operational problems. Would be more reasonable in the low $30's.

2007-12-18

BUY

37.100

Alex Ruus

Thinks that some of the big cap uranium stocks such as Cameco (CCO-T), Uranium One (UUU-T) and Denison (DML-T) are Buys at this point. They are all looking pretty interesting and the valuations are looking quite attractive. It will be volatile, but good long-term plays.

2007-12-13

SELL

37.100

Paul Harris, CFA

The problems here are more related to the company than they are to uranium. Feels uranium will continue to do well. Consider moving into other uranium companies. You could consider buying Uranium Participation (U-T).

2007-12-13

DON'T BUY

38.420

Uranium. Probably down at a reasonable spot for purchase, but they continue to report very troubling news out of Cigar Lake regarding water problems and delay of production. Prefers others.

2007-12-11

WEAK BUY

41.630

Robert Lauzon

Largest producer of uranium in the world. Encountered many problems over the last few years. Management has a lot of work to do to build back credibility. Cigar Lake will take about 5 years to get back in order. Some contamination in their Port Hope facilities. Potential sulphuric acid problems in Kazakhstan. Russia wants to renegotiate a contract. As they iron out these problems, the stock should trend higher. Tried to buy at $35-$40.

2007-11-29

BUY

41.630

He is bullish on uranium, which is going to be a long story. Building and operating a nuclear facility is a minimum of a 5-year story. Has always liked this one as the senior producer. There really aren't many other places you can go. Have had a rough year.

2007-11-29

BUY

40.650

Derek Webb, CFA

Funnily looks like they are getting their act together. Starting to see some positive earnings momentum as some of the long-term contracts are falling off. He is very bullish on uranium.

2007-11-28

WAIT

40.830