Uran
Bevistade ett seminarium om uran på onsdagskvällen. Några notat:
Idag finns 442 operativa kärnkraftverk. 2015 kommer det att vara 506 st.
Inom överskådlig tid (definierades ej) beräknas ytterligare ca 180 kkv.
Dagsläget: i USA finns 25% av dem, i Frankrike 17%, i Japan 13%.
Uranproduktionen idag
29% i Canada och 23% i Australien. 8 producenter svarar för 89% av all produktion.
Sedan en tid tillbaka så är efterfrågan på uran större än utbudet. En dramatisk förändring har skett, bla som följd av att uranet från nedmonterade stridsspetsar börjat ta slut och att det tar väldigt lång tid att få nya gruvor i sving.
Många känner sig nu kallade att utvinna uran eftersom priset på några få år har mångdubblats och kalkylerna med nuvarande priser är väldigt gynsamma. 2003 fanns det en handfull juniors som prospekterade uran idag finns det 530 (sic) st! De flesta noterade i Kanada (Toronto, Vancouver). Av dessa 530 beräknas endast ca 5% kunna utvecklas till lönsamma företag. Alltså, i den klondykestämning som råder finns det många blindskär.
Världens gigant inom uranproduktion är Cameco, ett kanadensiskt bolag. I november drabbades företagets gruva i Cigar Lake av en katastrof och stora delar av gruvan blev vattenfylld. Den här gruvan förväntades täcka en rejäl del av de kommande årens efterfrågan. När katastrofen blev känd drog uranpriset rejält. Inom några veckor kommer Cameco att offentliggöra vad man tror om gruvans framtid. Talarna igår befarade (egentligen hoppades ;) ) att Cameco kommer att säga att det tar 5 år innan man kommer att kunna bryta uran från den aktuella gruvan. Ett sådant besked kommer säkert att få uranpriset att ta ett ytterligare rejält skutt uppåt.
Den som är intresserad av att handla uranaktier rekommenderas att lyssna på råden från Jordanfonden, utsikterna att undvika felskär tror jag ökar då.
Under dagen sägs Erik Penser FK komma att lägga ut seminariet på sin hemsida
http://www.penser.se/default____148.aspx
och jag rekommenderar att avsätta tid och lyssna på det. Speciellt det inledande föredraget ger en bra översiktsbild. Seminariet avslutas med att företagen Denison och Energy Fuels presenterar sig.
Vh
Björta
Bolag som redan producerar eller står i begrepp att JUST starta produktion:
LAM.TO
PWE.V
SXR.TO
EFR.V
PDN.TO
DEN.TO
Vh Björta
#2
Tack Björta. Bra info !
// Sandmark
skulle vara intressant om det fanns någon ppm-fond som går på det här. nån som vet?
...eller någon ETF?
"Conclusion
During this second phase of the cycle, the uranium price is headed to $100, then $200. As the market matures and investors become more informed about uranium, the pretenders will be exposed and the contenders, those working hard to prove-up economic deposits, will be rewarded. Getting positioned today will still get you in ahead of the crowd, but don?t be in a rush, and don?t make the mistake of jumping into a pretender that has already had a big run up on nothing more than hype."
Profiting from the Next Phase of the Uranium Bull Market
Mvh
ex nihilo
#5 Ska finnas någon ETF listad i London som heter Nufcor International. Vet tyvärr inget närmare om den. Sedan finns ett holdingbolag som investerar i uransektorn, Uranium Participation Corporation, U.TO
vilken uran fond rekommenderas, förslag?
Vh/Z
#9 Låter ju som om det skulle kunna vara samma. Nufcor International kan man i alla fall läsa om här: www.nufcor.co.uk/
Nordamerikanska toppen bland Avanzas privatkunder 4-17 jan
Position Bolag Bransch
1 Coeur D gruvbolag
2 Apple data
3 Agnico Eagel gruvbolag
4 Tara Gold gruvbolag
5 Carmelo uran
6 SXR Uranium uran
7 Pacific Etanol etanol
8 Intel data
9 Uranium Power uran
10 Moby Clear säkerhet
11 Novartis läkemedel
12 Google data
Källa: Avanza
Mvh H3NPHLO
Intreesant om mindre uranplayers.
12:30 PM ET
Market Call with Jim O'Connell
Energy Stocks
Brendan Kyne, chairman and CEO, Leeward Hedge Funds
Snackar en del om uran på ROBTv
Mvh H3NPHLO
"Observera att du måste ha användarnamn och lösenord för att komma in." :(
Mvh H3NPHLO
Finns det bolag som är noterade på Stockholmsbörsen?
//Mvh, M
#17
Enda bolaget med anknytning till branschen är Studsvik.
Vh Björta
Middlefield Group, on behalf of Uranium Focused Energy Fund (the "Fund"), is pleased to announce that it has filed a preliminary prospectus in relation to the initial public offering of units of the Fund.
The Fund has been designed to capitalize on the view of the Advisor that the uranium sector will continue to provide attractive opportunities for investment over the next several years. The Advisor expects that primary uranium supply will continue to fall short of global demand over the life of the Fund due predominantly to limitations in the production capacity of existing mines, while secondary uranium supplies, such as inventories, stockpiles and decommissioned nuclear weapons, which historically have bridged the global uranium supply shortfall, are expected to steadily decline. In light of the significant capital and time requirements associated with the development of new uranium mines, the Advisor expects uranium prices to remain strong over the life of the Fund, which will terminate on December 31, 2013.
The Fund?s investment objectives are to achieve capital appreciation of the investment portfolio and to pay quarterly distributions to unitholders. The initial indicative yield is 5% per annum based upon the original issue price of $10.00 per unit. In order to achieve the Fund?s investment objectives, the Portfolio will be focused on the securities of issuers that operate in or have exposure to the uranium sector, supplemented with the securities of other energy related issuers that operate in or have exposure to the energy sector. The Advisor expects that the weighting in uranium related securities will comprise approximately 75% of the value of the initial Portfolio and will include such companies as Cameco Corp., Paladin Resources Ltd., Denison Mines Corp. and sxr Uranium One Inc. The Portfolio will be focused on securities which, in the view of the Advisor, are of high quality issuers that exhibit strong fundamentals and superior prospects for exploration and development, and offer the potential to benefit from the favourable supply-demand fundamentals in the uranium sector
Vh Björta
#19
Jag förstår av texten att det är en ny fond om just håller på att emitteras/kapitaliseras ?
Vet du om, och i så fall hur den kommer att handlas ?
#20
Nej, ingen aning.
Vh Björta
Citerar ett inlägg från grannchatt:
"Nån som kan ge mig lite mer info om Kanada marknaden och Nordnet? Vilken av Uranbolagen kan man belåna mest? Såg att Vena var 0 i belåning. Finns någon bra sida att läsa mer om det och historik för olika bolag osv.?"
Hmm, intresset för uran börjar sprida sig. Ändå tror jag att vi får vänta ett bra tag innan taxichauffören och frisören snackar uran. Alltså, det kommer nog finnas tid att göra goda affärer i branschen länge än.
Vh Björta
Ps. Att belåna råvarujuniors är nog inte att rekommendera dock.
Vh Björta
Uranspot $95.00/lb
Mvh H3NPHLO
Intressant och nyanserad artikel om uran/kärnkraft-situationen.
Nuclear Power Companies Hunker Down As Uranium Prices Soar
By Matthew Dalton
Of DOW JONES NEWSWIRES
NEW YORK -(Dow Jones)- Supply disruptions and dwindling inventories have
created a perfect storm in the uranium market. Now electric utilities are
hoping they can wait out the bad weather.
The price of uranium, the fuel of nuclear power plants, has soared to $95 a
pound, from less than $20 three years ago. Market participants say they expect
uranium to become even more expensive, at least in the short term.
Recent disruptions at two of the world's largest uranium mines have seriously
threatened global supply, putting added pressure on prices at a time when new
production, until very recently, has been almost non-existent.
Some of the industry's biggest nuclear operators are simply trying to get
through the next few years without buying too much uranium.
"There's a period where the market is going to be very ugly from a buyer's
standpoint," said Frank Rives, director of nuclear fuel at Entergy Corp. (ETR),
the second-largest nuclear power plant owner in the U.S. "But in the long term,
pricing will settle into a more reasonable area."
The hope is that a wave of new uranium production, spurred by current high
prices, will cool down the market before too many of the long-term contracts
nuclear power operators have signed to lock in supplies at lower prices,
expire.
"The impact of the rising prices isn't now, it's later," said Jim Malone,
vice president of nuclear fuels at Exelon Corp. (EXC), the largest nuclear
operator in the U.S. "The prices in the contracts we have are reasonable."
Malone said producers across the globe are offering prices in long-term
contracts of around $45 per pound, much lower than spot market offers, but
double the price a few years ago.
"I think we can, so to speak, weather the storm of these very high prices,"
Malone said.
Profitability Eroding
The cost of fuel is a relatively small component of the total cost of
operating a nuclear plant, much smaller than the fuel costs for coal or natural
gas-fired power plants. Malone says total nuclear fuel costs - which include
the uranium itself and the process of enriching it into a more energy intensive
form - are 25%-28% of total production costs.
If fuel prices don't moderate, nuclear plants will be somewhat less
profitable, particularly if the enrichment process becomes more expensive, as
expected by the Nuclear Energy Institute, which represents nuclear power
companies and uranium suppliers.
"We anticipate that you'll start seeing an increase," said Felix Killar, the
institute's director of fuel supply.
Nuclear power companies that operate in regulated states can probably recover
the higher costs of uranium from ratepayers. But nuclear operators in
competitive markets, such as Exelon, Entergy, FPL Group Inc. (FPL) and Dominion
Resources (D), will see higher fuel costs eat into their profit margins.
Despite the hope of uranium buyers, new production hasn't yet reached the
market. Production in 2006 actually dropped from 2005. Total global production
is now about 100 million pounds a year, compared with global demand of 180
million pounds.
For years, the difference between supply and demand was made up with extra
supply from government nuclear weapons programs that was sold to the private
sector. But this inventory has been steadily dwindling and, recently, gobbled
up by speculators looking to profit from rising prices.
Supplies In Jeopardy
The supply situation took a sudden downturn last October, when heavy rains
and flooding prevented the opening of the massive Cigar Lake mine in northern
Saskatchewan, Canada. That mine was expected to produce 18 million pounds of
uranium a year, or about 10% of global demand. Mine owner Cameco Corp. says
Cigar Lake won't be started until 2010.
The market endured another blow at the beginning of March, when a cyclone
struck the Ranger mine in Australia, which produces 14.3 million pounds of
uranium a year. Energy Resources of Australia, the mine's owner, declared force
majeure on deliveries and said production would be impacted into the second
half of 2007.
"Utilities are scrambling to cover their supplies, and at the same time
trying not to show too much buying interest," said Kevin Smith, who connects
buyers and sellers at the energy brokerage Evolution Markets.
The disruptions at the two mines highlight the current perilous state of the
global uranium market. Because prices were low for many years, only the
lowest-cost producers at the largest mines could afford to expand production.
That means uranium production today is now highly concentrated at a few massive
mines, mainly in Australia and Canada. A disruption at any of them could be
disastrous for uranium supply worldwide.
"Up to 85% of the supply comes from large projects," said Jim Cornell, chief
executive of Nukem Inc., a uranium trading firm. Cornell suggested the
following comparison: "Say tomorrow, Iran stopped exporting oil - you can
imagine what it would do to oil prices."
Call For Help
Adding to the shortage is the entry of hedge funds and other speculators into
the market. These participants have been buying up supplies of uranium in the
hopes of benefiting from rising prices, to the irritation of nuclear power
companies that are scouring the marketplace for supply.
The Nuclear Energy Institute sent a letter to the U.S. Department of Energy
in February asking the department to create a "Strategic Nuclear Fuel Reserve"
that can only be accessed by commercial nuclear reactors.
Some in the industry believe speculators may ultimately help the market by
assuring that prices are high enough for producers to develop new mines that
otherwise wouldn't be economic at lower prices.
"The reality is, (the speculators) have sent an amplified signal to the
market to encourage exploration and production," Malone said. "In the longer
term they've done us a favor, though some of my colleagues have cringed at the
short-term costs."
In the long term, market participants are looking to significant new uranium
demand from a global surge in the construction of nuclear plants. Russia, China
and India all have plans to build new nuclear plants. Several U.S. companies
also plan to build new plants. Nuclear power, which doesn't produce greenhouse
gases or rely on foreign fossil fuels, is now seen as crucial to satisfying
electricity demand as global warming and conflicts in the Middle East become
greater concerns.
"We still don't know to what extent all of these new reactor builds that are
planned are going to be fulfilled," said Cornell of Nukem. "That'll be the
million-dollar question two to three years down the road."
-By Matthew Dalton, Dow Jones Newswires; 201-938-4604;
matthew.dalton@dowjones.com
(END) Dow Jones Newswires
03-30-07 1459ET
Copyright (c) 2007 Dow Jones & Company, Inc.
Nuclear Power Companies Hunker Down As Uranium Prices Soar
By Matthew Dalton
Of DOW JONES NEWSWIRES
NEW YORK -(Dow Jones)- Supply disruptions and dwindling inventories have
created a perfect storm in the uranium market. Now electric utilities are
hoping they can wait out the bad weather.
The price of uranium, the fuel of nuclear power plants, has soared to $95 a
pound, from less than $20 three years ago. Market participants say they expect
uranium to become even more expensive, at least in the short term.
Recent disruptions at two of the world's largest uranium mines have seriously
threatened global supply, putting added pressure on prices at a time when new
production, until very recently, has been almost non-existent.
Some of the industry's biggest nuclear operators are simply trying to get
through the next few years without buying too much uranium.
"There's a period where the market is going to be very ugly from a buyer's
standpoint," said Frank Rives, director of nuclear fuel at Entergy Corp. (ETR),
the second-largest nuclear power plant owner in the U.S. "But in the long term,
pricing will settle into a more reasonable area."
The hope is that a wave of new uranium production, spurred by current high
prices, will cool down the market before too many of the long-term contracts
nuclear power operators have signed to lock in supplies at lower prices,
expire.
"The impact of the rising prices isn't now, it's later," said Jim Malone,
vice president of nuclear fuels at Exelon Corp. (EXC), the largest nuclear
operator in the U.S. "The prices in the contracts we have are reasonable."
Malone said producers across the globe are offering prices in long-term
contracts of around $45 per pound, much lower than spot market offers, but
double the price a few years ago.
"I think we can, so to speak, weather the storm of these very high prices,"
Malone said.
Profitability Eroding
The cost of fuel is a relatively small component of the total cost of
operating a nuclear plant, much smaller than the fuel costs for coal or natural
gas-fired power plants. Malone says total nuclear fuel costs - which include
the uranium itself and the process of enriching it into a more energy intensive
form - are 25%-28% of total production costs.
If fuel prices don't moderate, nuclear plants will be somewhat less
profitable, particularly if the enrichment process becomes more expensive, as
expected by the Nuclear Energy Institute, which represents nuclear power
companies and uranium suppliers.
"We anticipate that you'll start seeing an increase," said Felix Killar, the
institute's director of fuel supply.
Nuclear power companies that operate in regulated states can probably recover
the higher costs of uranium from ratepayers. But nuclear operators in
competitive markets, such as Exelon, Entergy, FPL Group Inc. (FPL) and Dominion
Resources (D), will see higher fuel costs eat into their profit margins.
Despite the hope of uranium buyers, new production hasn't yet reached the
market. Production in 2006 actually dropped from 2005. Total global production
is now about 100 million pounds a year, compared with global demand of 180
million pounds.
For years, the difference between supply and demand was made up with extra
supply from government nuclear weapons programs that was sold to the private
sector. But this inventory has been steadily dwindling and, recently, gobbled
up by speculators looking to profit from rising prices.
Supplies In Jeopardy
The supply situation took a sudden downturn last October, when heavy rains
and flooding prevented the opening of the massive Cigar Lake mine in northern
Saskatchewan, Canada. That mine was expected to produce 18 million pounds of
uranium a year, or about 10% of global demand. Mine owner Cameco Corp. says
Cigar Lake won't be started until 2010.
The market endured another blow at the beginning of March, when a cyclone
struck the Ranger mine in Australia, which produces 14.3 million pounds of
uranium a year. Energy Resources of Australia, the mine's owner, declared force
majeure on deliveries and said production would be impacted into the second
half of 2007.
"Utilities are scrambling to cover their supplies, and at the same time
trying not to show too much buying interest," said Kevin Smith, who connects
buyers and sellers at the energy brokerage Evolution Markets.
The disruptions at the two mines highlight the current perilous state of the
global uranium market. Because prices were low for many years, only the
lowest-cost producers at the largest mines could afford to expand production.
That means uranium production today is now highly concentrated at a few massive
mines, mainly in Australia and Canada. A disruption at any of them could be
disastrous for uranium supply worldwide.
"Up to 85% of the supply comes from large projects," said Jim Cornell, chief
executive of Nukem Inc., a uranium trading firm. Cornell suggested the
following comparison: "Say tomorrow, Iran stopped exporting oil - you can
imagine what it would do to oil prices."
Call For Help
Adding to the shortage is the entry of hedge funds and other speculators into
the market. These participants have been buying up supplies of uranium in the
hopes of benefiting from rising prices, to the irritation of nuclear power
companies that are scouring the marketplace for supply.
The Nuclear Energy Institute sent a letter to the U.S. Department of Energy
in February asking the department to create a "Strategic Nuclear Fuel Reserve"
that can only be accessed by commercial nuclear reactors.
Some in the industry believe speculators may ultimately help the market by
assuring that prices are high enough for producers to develop new mines that
otherwise wouldn't be economic at lower prices.
"The reality is, (the speculators) have sent an amplified signal to the
market to encourage exploration and production," Malone said. "In the longer
term they've done us a favor, though some of my colleagues have cringed at the
short-term costs."
In the long term, market participants are looking to significant new uranium
demand from a global surge in the construction of nuclear plants. Russia, China
and India all have plans to build new nuclear plants. Several U.S. companies
also plan to build new plants. Nuclear power, which doesn't produce greenhouse
gases or rely on foreign fossil fuels, is now seen as crucial to satisfying
electricity demand as global warming and conflicts in the Middle East become
greater concerns.
"We still don't know to what extent all of these new reactor builds that are
planned are going to be fulfilled," said Cornell of Nukem. "That'll be the
million-dollar question two to three years down the road."
-By Matthew Dalton, Dow Jones Newswires; 201-938-4604;
matthew.dalton@dowjones.com
(END) Dow Jones Newswires
03-30-07 1459ET
Copyright (c) 2007 Dow Jones & Company, Inc.
Mvh 1324
Visa sida
Ogilla! 1
Gilla!
Du kanske kan lista några intressanta bolag för oss som inte är så insatta ?
// Sandmark