Updating Cameco Corp., Stantec Inc., and Delphi Energy

Article Excerpt

CAMECO CORP. $13.54 (Toronto symbol CCO; TSINetwork Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares outstanding: 395.8 million; Market cap: $5.3 billion; Dividend yield 0.6%) sells about 30% of its uranium to buyers in the U.S. That’s why it’s closely watching a new United States Department of Commerce (DOC) investigation into what, if any, threat uranium imports pose to national security. On July 18, 2018, U.S. Commerce Secretary Wilbur Ross announced the investigation, which could take up to 270 days to complete. If warranted, he will then issue a report containing the DOC’s findings and recommendations. President Donald Trump then has up to 90 days to decide whether to accept the DOC findings and determine a course of action—if any. There will be no immediate impact on Cameco’s existing contracts, and its deliveries to the company’s U.S. utility customers will continue as usual. The U.S. has 99 of the 447 operable reactors globally. It is currently the largest nuclear energy producer on the planet, and Cameco’s biggest customer…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.