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Cameco Ord Shs T.CCO

Alternate Symbol(s):  CCJ

Energy
Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment is engaged in the nuclear services businesses. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650-kilometer (Km) northeast of Perth and about 750 km south of its Kintyre project.


TSX:CCO - Post by User

Cameco Ord Shs
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Post by investmentitoson Sep 29, 2011 5:17pm
540 Views
Post# 19101063

My CCO shortsale: +25% in 5 months

My CCO shortsale: +25% in 5 months

for reference, my first post suggesting Cameco was a short was May 12. 

May 12 2011: C$25.37

Sept 29 2011: C$ 19.13

Gain on Cameco short: +24.6%  (in 4.5 months)

I have seen nothing to change my view. In fact, I am more bearish now that the market is weak, and seems 

natural gas is cheap option to provide strong competition for nukes given the shale gas revolution.

I could see CCJ going to below $10, and I'm really not convinced its a safe bargain at any price. 

If you are a PM or MM and own, or are considering buying, I encourage you to read my past CCO posts and welcome erudition that overcomes my conceptual thesis.  

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities