PDN 0.00% 40.0¢ paladin energy ltd

uranium stocks

  1. 6 Posts.
    The take over action on BMN has clearly revealed China's interest and confidence on the uranium sector.

    'Thanks' to the Japan earthquake, the uranium stocks have been deeply depressed, presenting excellent buying opportunity in terms of valuation.

    It is expected that uranium demand will be strong over the next decades as the world (especially China) will build more nuclear stations for the following reasons:

    - Energy demand for China continues to be strong due to rapid urbanisation. Currently, China has 13 nuclear stations with 28 under constructions. To support its utility demand, China needs to build 20 more new nuclear stations by 2030;
    - Nuclear station can be cost effective over the long run;
    - Nuclear energy is more envrionmental friendly than coal generator, helping China to reduce its pollution, which has been harshly accused by the US government.
    - Chinese officials believe that nuclear station is a symbol of the nation's rise. Somehow, this can be regarded by the public as 'face project' (like Beijing 2008 Olympics)
    - Chinese officials believe that they can avoid or minimize the negative impact of any adverse nuclear events by a) better technology than Japan; 2) tighter operations management; 3) constructing stations in inner China rather than in coastal cities, stay away from the earthquake belt area.

    So overall, from economic, diplomatic, envrionmental and political perspectives, China will build more nuclear stations. They simply do not have any better alternatives than the nuclear energy for utility purposes.

    People tend to forget unhappy things easily, as they did to the airline companies after September 11....

    As a result, uranium stocks (especially these with strong production profiles such as PDN) might be a good bet at current price.
 
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Last trade - 16.10pm 26/02/2021 (20 minute delay) ?
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