Investors are getting excited about the energy sector. The price of crude oil has topped $86 per barrel once again and is now at its highest level in months. Geopolitical uncertainty has played into the move. With the conflict in the Middle East and the ongoing problems with Russia, investors are pricing potential supply constraints into the oil market. In addition, the economy continues to run hotter than expected and inflation remains above long-term targets. This inflation-driven economic backdrop should ...

Big Bases Can Breed Big ProfitsThe old Wall Street adage “the longer the base, the higher in space” in technical analysis refers to the idea that the longer a price consolidates or trades within a range (forming a base), the more significant the subsequent breakout tends to be. In other words, extended periods of sideways movement often precede powerful upward movements in prices. Breakouts to fresh highs indicate that the price has surpassed previous resistance levels, and no significant overhead resistanc ...

PALM BEACH, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Production of Uranium globally is projected to increase and also to reach all time highs. A recent report from Mining.com said that Global uranium production is expected to grow by 11.7% to more than 60.3 kilotonnes (kt) in 2024, according to estimates by UK-based analytics firm GlobalData, with the production rise predominantly coming from key producers such as Kazakhstan and Canada. It added: "Kazakhstan is expected to d ...

With the world fighting to go green, you may want to load up on clean energy stocks.For one, according to the U.S. Department of the Interior, “The demand for renewable energy has never been greater. The technological advances, increased interest, cost-effectiveness, and tremendous economic potential make these projects a promising path for diversifying our national energy portfolio while at the same time combatting climate change and investing in communities.”Two, 200 countries recently agreed to transitio ...

Starting off the new month on a positively energetic note, Cameco (CCJ 5.49%) stock is shooting higher today. While both the S&P 500 and Dow Jones Industrial Average are in the red, investors are clicking the buy button on the uranium producer's stock after learning of some favorable attention that the stock is receiving from Wall Street.As of 11:15 a.m. ET, shares of Cameco are up 5.5%, retreating from their earlier rise of 7.4%.Goldman Sachs gives Cameco stock a green lightInitiating coverage on Cameco, G ...

The uranium sector is integral to the production of nuclear energy. In detail, it provides the raw materials needed for nuclear power plants worldwide. As countries seek cleaner energy alternatives to fossil fuels, the demand for uranium for nuclear energy production has the potential to grow. This sector encompasses mining companies, exploration firms, and those involved in the processing and transportation of uranium. The increasing focus on reducing carbon emissions and securing stable energy supplies co ...

The surge in AI and Big Tech continues capturing widespread attention, but savvy investors will want to focus on energy stocks. Energy stocks are off to an excellent start this year, with the Energy Select Sector SPDR Fund posting double-digit gains year-to-date (YTD), performing in line with tech stocks. Moreover, despite a somber outlook on the stock market, Morgan Stanley has shifted its stance on energy stocks to ‘overweight’ from ‘neutral.’ This adjustment is based on the stock prices of top energy com ...

The uranium market has been red hot, with prices soaring higher for the element that's used to fuel nuclear power plants. This has also led to the strong performance of uranium miners such as Cameco (CCJ 1.43%) and Uranium Energy Corp. (UEC 0.75%). While both companies are set to benefit from continued increasing uranium prices, Uranium Energy is positioned to benefit more. Here's why.Why prices have been soaringPricing for commodities generally comes down to supply and demand, and uranium is no exception. ...

Exhibit 99.2 Cigar Lake Operation Northern Saskatchewan, Canada National Instrument 43-101 Technical Report Effective Date: December 31, 2023 Date of Technical Report: March 22, 2024 PREPARED FOR CAMECO CORPORATION BY: BIMAN BHARADWAJ, P. ENG. C. SCOTT BISHOP, P. ENG. ALAIN D. RENAUD, P. GEO. LLOYD ROWSON, P. ENG. Table of Contents 1.1 Preamble 1 1.2 Introduction 1 1.3 Property tenure 2 1.4 Location and site description 2 1.5 Geology and mineralization 3 1.6 Exploration of Cigar Lake deposit 4 1.7 Mineral r ...

Ole_CNX Back in January, I placed a “Hold” rating on Cameco (NYSE:CCJ), noting that while the company is a solid play on the improving uranium and nuclear market, the stock is pretty pricey by historical standards. With the stock down about -12% since then, though, now is the time take the stock to "Buy." With the company reporting results last month and recently hitting the investor conference circuit, let’s catch on the name. Company Profile As a refresher, CCJ is a uranium miner and nuclear service p ...