While the concept of energy stocks to buy might seem a bit controversial due to the uncertainty – and in some cases volatility – involved, the narrative comes down to a simple equation. If you believe in the broader economic recovery, then more people will be consuming more resources. And if that’s the case, the full spectrum of energy sources could be in high demand.First, the hydrocarbon sector would get a new lease on life, at least from the investment point of view. To be blunt, hydrocarbons have always ...

RHJ (A Lengthy) Introduction ...Where I explain why uranium is the place to be Ever since the global energy transition was accelerated in 2020, we have discussed a wide variety of energy sources, including fossil fuels, renewables, and nuclear energy. Although I am massively overweight oil and gas stocks, I am a big believer in the importance of clean energy. In this area, I am a fan of nuclear energy. While I have to agree with critics who say that nuclear reactors are expensive to build, there is no denyi ...

When major oil-producing nations attempted to bid up the price of crude through coordinated production cuts, circumstances appeared bullish for the best energy stocks to buy – particularly those tied to the hydrocarbon space. However, that narrative didn’t pan out as other factors such as broader economic concerns weighed on the sector.Nevertheless, investors shouldn’t ignore the best energy stocks to buy. Indeed, the present juncture may be the time to reconsider the bullish narrative. For one thing, we av ...

PALM BEACH, Fla., Feb. 13, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Companies in the Uranium and Metal Ore Mining industry in Canada mine molybdenum, platinum, palladium, uranium, cobalt, and a variety of metal bearing ores sold to various markets. Industry revenue is closely linked to the underlying prices of the commodities, which themselves are a function of global supply and demand conditions. The prices of these major commodities experience significant volatility. Overall industry reve ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Financial Data and Key Metrics Changes - The company reported a significant improvement in financial performance metrics in 2023, with net earnings, adjusted net earnings, and cash from operations all more than doubling compared to the previous year [94] - Adjusted EBITDA also saw a substantial increase, reflecting higher sales volumes and realized prices in the uranium and fuel services segments [94][116] Business Line Data and Key Metrics Changes - The company ended 2023 with total long-term commitments of 205 million pounds of uranium with 37 customers worldwide, representing about 20% of its current reserve and resource base [98] - The company plans to increase UF6 production at Port Hope to 12,000 tonnes in 2024, which would exceed record production levels set in previous years [111] Market Data and Key Metrics Changes - The spot market was smaller in 2023 than in 2022, indicating a shift in utilities' focus from the spot market to the term market [32] - The market is entering a security of supply contracting cycle, with utilities looking for longer-term contracts and increased volumes [34] Company Strategy and Development Direction - The company believes it remains the best way to invest in the recovery of the nuclear fuel cycle, emphasizing the importance of nuclear energy in achieving net zero carbon emissions [25] - The company is focused on disciplined growth, aligning production decisions with customer needs and long-term commitments, avoiding excess supply in the market [96][117] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durable and growing demand for nuclear energy, driven by geopolitical tensions and climate change considerations [86][89] - The company is optimistic about the long-term fundamentals of the uranium market, expecting strong demand to continue building rather than peaking [35][91] Other Important Information - The company has a strong balance sheet with $567 million in cash and approximately $1.8 billion in total debt, positioning it well for future investments [116] - The company is undertaking a study to evaluate the expansion of the MacArthur River mine and Key Lake Mill, potentially increasing annual production from 18 million pounds to 25 million pounds [105] Q&A Session Summary Question: Cigar Lake extension production levels - Management confirmed plans to maintain production at 18 million pounds per year until 2036, with ongoing evaluations for potential extensions beyond that date [16] Question: Westinghouse guidance for CAGR - The guidance for Westinghouse's CAGR of 6% to 10% includes only announced contracts, with potential for more upside as new markets are evaluated [17] Question: Inkai purchases and timing - Management stated that the table assumes expected volumes from Inkai will arrive, but acknowledged potential timing differences [41] Question: Conversion plant at Springfields - Management indicated ongoing interest in the conversion plant, emphasizing the need for a responsible and disciplined approach to restarting operations [45][46] Question: G&A expenses in Westinghouse - Management explained that higher G&A expenses are due to the high-touch nature of the Westinghouse business, which involves significant engagement in developing new markets [52][55] Question: Future pricing in the conversion market - Management noted that the conversion market has not yet fully accounted for risks related to supply disruptions, suggesting potential for continued price increases [58][60]

SASKATOON, Saskatchewan--(BUSINESS WIRE)--Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2023, in accordance with International Financial Reporting Standards (IFRS). “ Our 2023 financial performance benefitted from higher sales volumes and realized prices in our uranium and fuel services segments. Our net earnings, adjusted net earnings, and cash from operations all more than doubled compared to 2022, with adju ...

Cameco Corporation (CCJ) is scheduled to report fourth-quarter 2023 results on Feb 8, before the opening bell.Q4 EstimatesThe Zacks Consensus Estimate for CCJ’s fourth-quarter earnings is pegged at 21 cents per share, which indicates a solid 200% improvement from the earnings of 7 cents per share reported in the prior-year quarter. Over the past 30 days, the estimate has moved down 5%.Q3 PerformanceCameco reported adjusted earnings per share of 24 cents in the third quarter of 2023 compared with 2 cents in ...

The world has collectively gotten off to a slow start in reducing emissions and transitioning to a carbon-free model. Yet, these renewable energy stocks for 2024 look primed to deliver strong results for investors. And that is partially because we’re currently so far behind in addressing the pressing issue of climate change. One reason 2024 could be a big year for these stocks is the renaissance of nuclear energy, which has entered back into public awareness recently. Some analysts expect that nuclear energ ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cameco (CCJ) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Cameco is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank cons ...