Cameco's Hedging StrategyPardon my ignorance... but... does Cameco not already have problems relating to forward sales of Uranium? Specifically, are they already forced to buy Uranium on the open market at today's higher prices to fill orders contracted at previous lower prices? And now that Cigar Lake may never actually produce, what happens regarding Cameco's obligations going forward - will they be forced to continue buying Uranium at market price to fulfil contractual obligations?
It would seem to me that a better strategy than buying Cameco would be to sell CCO and buy Uranium Participation?????? Probably just me overreacting - nevermind
Sorry but I just have a problem with their "Buy High, Sell Low" philosophy - maybe it's just me