intreresting quote Talbot attributed the price increase not to news about Japanese reactor restarts, but to buying. “It is the utilities that are starting to enter the market, suggesting that this rally could have some sustainability. While equities did not partake on previous price increases, they did overnight in Australia and we expect today should be a good day in North America, and the potential catalyst for upward momentum in the stocks.”
We have always said, just like in 2006-2007, when contracting begins and the price moves, it will move fast.—David Talbot
A large purchase by Exelon Corp, the largest American nuclear utility, “has now spurred buying interest from other nuclear power providers such as Southern, Duke, Florida Light and Power, PSE&G Power and others. And that is in the U.S. alone,” Talbot emphasized.
“We have always said, just like in 2006-2007, when contracting begins and the price moves, it will move fast.”