Uranium Energy Corp UEC

came co....lol.

[CLOUDER]

Well  Cameco, i just saw a podcast that says that CAME CO is a very bad uranium investment with a turbo charged spot  uranium price. It seem that cameco is booked up (maybe to booked up) at a very low price ,   it is like they have HEDGED UP there future, and  they might have sold to much (like they have so far at this said LOW PRICE)  then  they will have to use what profit that they are makeing to buy and cover there contract in the SPOT MARKET,   like they have been doing.                                                                      PS,   WOAH   TO   CCO,  and it`s shareholders.   this will be interesting to see.                                     PSS,  in a skyrocketing term and spot price,  you do not want to hedge at the bottom,imo. and his.

[RichardStock]

Cameco is booked 5 years ahead for many of their pounds. And their current forecasted profits look like this:  https://www.cameco.com/invest/markets/uranium-price-sensitivity That's a problem because they make maybe ~20$/ of profit per pound (assuming production in 40s). At the same time they're short and bought several million pounds at 100$+ per pound in Q4, 2023 (according to

[GSTbay1060]

Their management has stated that in the past the way they contracted was to protect themselves from a falling market.. They did that very well then.. They have stated a few months ago that they still believe in that strategy and were scoffing at companies that would not contract as they do. Amir has stated that UEC is unhedged, but in the future when conditions warrant they will review their

[MightyMorf]

Cameco is flawed, to long a wait to react to a bull market in Uranium.   Now with coming up short year after year, they will have to buy on spot at much higher prices than their contracts are written.   Sure seems like a flawed business approach.   What they could do is buy a near term producer, this would help them shore up reserves that are needed going forward.   Them being

[ReactorOP]

In Cameco’s defense their  hedging strategy got them through a 30 year bear market as the worlds second largest Pure Play Uranium company. 

[CLOUDER]

I don`t know what to tall yah....oh wait i do,CCO tied one hand and a leg behind them and figure that they are still the top dog....they aint,  and the market will figger this out as the term and spot market leaves them  dropping compaired to the other producers in months to come that are NOT hedged.imo.