Mid-Day Market Movers focus on above average volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com and on our Hot Sheet. Below recaps last week's movers, all prices when posted, week high price Wk-H:, with a brief company description and recent news headlines. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: RAD) Rite Aid Corp. (10 posts since $1.31 5/22/12) $7.84 Wk-H: $7.96
- one of the largest U.S. drugstore chains, Reports Same Store Sales for April, +5.0% over the prior-year period
NYSE MKT AMEX
(AMEX: SYRG) Synergy Resources Corp. $7.10 $7.12 $8.57 $11.15 $11.88 Wk-H: $12.96
- U.S. O&G E&P co. focused in the Wattenberg field in the Denver-Julesburg Basin, Mid-Year Proved Reserves Increase 43%
(AMEX: BXE)(TSX: BXE) Bellatrix Exploration Ltd. $5.74 $6.82 $7.16 $8.54 $10.03 Wk-H: $10.24
- O&G co. focused in Alberta, British Columbia and Saskatchewan, Apr. 10 Grafton increases investment by $50M to a total of $250M
NASDAQ
(NASDAQ: SIRI) Sirius XM Radio Inc. (22 posts since $0.73 in 2010) $3.25 Wk-H: $3.26
- world's largest radio broadcaster, Offers $1.5B 6.00% Senior Notes due 2024; Apr. 28 Completes $500M Repurchase Agr.; Q1 Results
(NASDAQ: LOGM) LogMeIn Inc. $21.67 $40.08 $45.42 Wk-H: $47.689
- essential cloud and mobile services, gets Integration Cert. With ServiceNow to Help IT Service Providers Rapidly Support Multi-Device Cust.'s
(NASDAQ: FXEN) FX Energy Inc. $3.43 $4.92 $5.66 Wk-H: $5.85
- independent O&G co. with production in the U.S. and Poland's Permian Basin, Reports Est. 24 Mmcf/d Production Rate for Tuchola Field
(NASDAQ: CALD) Callidus Software Inc. $9.88 $10.77 Wk-H: $11.77
- a leading provider of sales and marketing effectiveness software, Reports Record Q1 Revenue of $31.0M, a 21% Year-Over-Year Increase
(NASDAQ: AVNR) Avanir Pharmaceuticals Inc. $3.71 $4.77 Wk-H: $5.15
- innovative medicines for central nervous system disorders, Prevails in NUEDEXTA Patent Trial Resulting in Exclusivity Thru 2026
(NASDAQ: AGEN) Agenus Inc. $2.90 $3.00 Wk-H: $3.12
- Announces Collaboration and License Agreement with Merck for Novel Checkpoint Antibody-Based Cancer Immunotherapies
(NASDAQ: MPET) Magellan Petroleum Corp. $1.57 $2.18 Wk-H: $2.34
- O&G co. focused on CO2-EOR at Poplar Dome in Montana, Receives Post-Completion Payment for Sale of Onshore Australia Assets
(NASDAQ: MXWL) Maxwell Technologies Inc. $16.59 Wk-H: $17.02
- a global leader in innovative, cost-effective energy storage and power delivery solutions, Appoints Dr. Franz Fink Pres./CEO; Q1 Results
(NASDAQ: RFMD) RF Micro Devices Inc. $8.43 Wk-H: $8.805
- a global leader in the design and manufacture of high-performance radio frequency solutions, Delivers $256M Mar-14 Quarterly Revenue
TSX (quote T. and ticker symbol)
(TSX: ACQ) AutoCanada Inc. $18.77 $25.78 $31.80 $37.78 $47.52 $69.78 Wk-H: $72.59
- one of Canada's largest auto dealerships with 34 franchises in 7 provinces and 1,600+ employees, Provides Update on Acquisition Pipeline
(TSX: WEF) Western Forest Products Inc. (4 posts since $0.38 4/21/10) $2.32 Wk-H: $2.33
- largest coastal B.C. woodland operator and lumber producer, Statement on Incident at Nanaimo Sawmill; Q1-2014 Results on May 7
(TSX: IRG) Imvescor Restaurant Group Inc. $2.28 Wk-H: $2.36
- franchises and operates restaurant brands in Canada: Pizza Delight, Mikes, Scores & Baton Rouge, reviews strategic alternatives
(TSX: TH) Theratechnologies Inc. $0.56 Wk-H: $0.65
- Health Canada Approves EGRIFTA (tesamorelin for injection) and Theratech Regains Canadian Commercialization Rights to EGRIFTA
TSX Venture (quote V. and ticker symbol)
(TSXV: NOT) Noront Resources Ltd. $0.50 $0.57 $0.61 Wk-H: $0.65
- developing high-grade Ni-Cu-Pt-Pd & high-grade Cr deposits in the Ring of Fire, Responds to Ontario's $1B infrastructure spending
(TSXV: EIL) Empire Industries Ltd. $0.095 $0.16 Wk-H: $0.21
- makes specialized engineered products, Apr. 22 Reports 2013 Profit of $4.4 Million
(TSXV: FO) Falcon Oil & Gas Ltd. $0.185 Wk-H: $0.21
- O&G assets in Australia, South Africa and Hungary, Transformational Farm-Out of Beetaloo Unconventional Acreage in N-Teritory Australia
(TSXV: KEK) Keek Inc. $0.17 Wk-H: $0.18
- a leading mobile video social network with over 66M members worldwide, Partners With Hot 97 as Official Video App of Summer Jam Concert
(TSXV: PAU) Papuan Precious Metals Corp. $0.10 Wk-H: $0.155
- evaluating medical marijuana while holding mineral resource prospects in Papuan New Guinea, PAU Signs LOI on Colorado Dispensary
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Saturday, May 3, 2014
Saturday, April 26, 2014
InvestorsGuru.com 18 Filtered Mid-Day Market Movers Recap
Mid-Day Market Movers focus on above average volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com and on our Hot Sheet. Below recaps last week's movers, all prices when posted, week high price Wk-H:, with a brief company description and recent news headlines. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: AMD) Advanced Micro Devices Inc. $3.18 $4.23 $4.44 $4.15 $4.15 Wk-H: $4.35
- semiconductor co. with groundbreaking APUs powering many computing devices, May 20 to Present at J.P. Morgan Conf.; Q1-14 Results
(NYSE: AKS) AK Steel Holding $4.37 $5.07 $7.05 Wk-H: $7.14
- flat-rolled carbon, stainless and electrical steels for auto, construction, electrical etc., Q1-2014 Financial Results; Steel Price Increases
(NYSE: PNK) Pinnacle Entertainment Inc. $17.28 $23.59 Wk-H: $24.22
- owns and operates 14 casinos plus racinos and others, launches enhanced mychoice guest loyalty program; Q1 Results on Apr. 30
NYSE MKT AMEX
(AMEX: EGAS) Gas Natural Inc. $10.80 Wk-H: $11.34
- operates local natural gas utility co.'s in 7 states, Mar. 31 Reports 2013 EPS +54% and Announces Monthly Dividend of $0.045 Per Share
(AMEX: GBR) New Concept Energy Inc. $2.81 Wk-H: $3.28
- Dallas-based oil and gas company, no comment on unusual market activity
NASDAQ
(NASDAQ: TCX)(TSX: TC) Tucows Inc. (9 posts from $0.84 to $2.83, pre 1 for 4 Split) $15.04 Wk-H: $15.45
- a global provider of domain names, email and Internet services, Mar. 4 Announces $20M Stock Buyback Program; Feb. 12 Q4-13 Results
(NASDAQ: MU) Micron Technology Inc. $9.71 $10.04 $22.95 $26.23 Wk-H: $26.62
- a global leader in advanced semiconductor systems, New SATA Solid State Drive Tuned for Data Centers; Apr. 3 Q2 F-2014 Results
(NASDAQ: HWAY) Healthways Inc. $16.54 $18.34 Wk-H: $18.73
- largest independent global provider of well-being improvement solutions, Reports First-Quarter Financial Results
(NASDAQ: VDSI) VASCO Data Security International Inc. $10.53 Wk-H: $11.18
- a leading software security co. specializing in authentication products/services, Q1-2014: Rev. $38.8M +10%, Op. Inc. $3.9M +43%
(NASDAQ: ASTM) Aastrom Biosciences Inc. $4.23 Wk-H: $4.95
- develops patient-specific cardiovascular therapies, to Acquire Sanofi's Cell Therapy and Regenerative Medicine Business
TSX (quote T. and ticker symbol)
(TSX: CF) Canaccord Genuity Group Inc. $7.79 $8.89 Wk-H: $9.65
- a leading independent full-service financial services firm, discloses transactions in own shares under normal course issuer bid/buy-backs
(TSX: MBC) MBAC Fertilizer Corp. $0.55 Wk-H: $0.61
- focused on phosphate fertilizers in Brazil and Latin American, completes C$20.7M of $0.70/unit financing incl. over-allotment option
(TSX: NUS) Nautilus Minerals Inc. $0.48 Wk-H: $0.53
- first co. to explore the ocean floor for polymetallic seafloor massive sulphide deposits, State of PNG Resolve Issues and Sign Agreement
TSX Venture (quote V. and ticker symbol)
(TSXV: QST) Questor Technology Inc. $1.43 $1.95 $2.70 $3.02 Wk-H: $3.15
- clean air technologies and sells/rents high efficiency waste gas incinerators, Apr. 16 Announces Record 2013 Financial Results
(TSXV: PMI) Petromanas Energy Inc. $0.115 $0.13 $0.24 $0.27 Wk-H: $0.29
- O&G co. with 1.1M+ acres in Albania's Berati thrust belt and in France & Australia, Apr. 7 filed YE results; Mar. 11 Albanian activities update
(TSXV: PEO) People Corp. $0.88 $1.25 $2.60 Wk-H: $2.84
- provides group benefits, retirement and human resource services, Completes $10.4M Bought Deal P.P. Financing at $2.15 per share
(TSXV: CCE) Commerce Resources Corp. $0.175 Wk-H: $0.20
- Mar. 20 Initiates Drill Program at the Ashram Rare Earth Deposit, Northern Quebec; Mar. 14 Closes $2.5M P.P. of $0.23 and $0.20 units
(TSXV: GZZ) Golden Valley Mines Ltd. $0.135 Wk-H: $0.185
- holds ~62.3% of (TSXV: RZZ), Abitibi Royalties Announces Drill Results on Odyssey North by Osisko of 2.85 g/t Au Over 110 Metres
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NYSE
(NYSE: AMD) Advanced Micro Devices Inc. $3.18 $4.23 $4.44 $4.15 $4.15 Wk-H: $4.35
- semiconductor co. with groundbreaking APUs powering many computing devices, May 20 to Present at J.P. Morgan Conf.; Q1-14 Results
(NYSE: AKS) AK Steel Holding $4.37 $5.07 $7.05 Wk-H: $7.14
- flat-rolled carbon, stainless and electrical steels for auto, construction, electrical etc., Q1-2014 Financial Results; Steel Price Increases
(NYSE: PNK) Pinnacle Entertainment Inc. $17.28 $23.59 Wk-H: $24.22
- owns and operates 14 casinos plus racinos and others, launches enhanced mychoice guest loyalty program; Q1 Results on Apr. 30
NYSE MKT AMEX
(AMEX: EGAS) Gas Natural Inc. $10.80 Wk-H: $11.34
- operates local natural gas utility co.'s in 7 states, Mar. 31 Reports 2013 EPS +54% and Announces Monthly Dividend of $0.045 Per Share
(AMEX: GBR) New Concept Energy Inc. $2.81 Wk-H: $3.28
- Dallas-based oil and gas company, no comment on unusual market activity
NASDAQ
(NASDAQ: TCX)(TSX: TC) Tucows Inc. (9 posts from $0.84 to $2.83, pre 1 for 4 Split) $15.04 Wk-H: $15.45
- a global provider of domain names, email and Internet services, Mar. 4 Announces $20M Stock Buyback Program; Feb. 12 Q4-13 Results
(NASDAQ: MU) Micron Technology Inc. $9.71 $10.04 $22.95 $26.23 Wk-H: $26.62
- a global leader in advanced semiconductor systems, New SATA Solid State Drive Tuned for Data Centers; Apr. 3 Q2 F-2014 Results
(NASDAQ: HWAY) Healthways Inc. $16.54 $18.34 Wk-H: $18.73
- largest independent global provider of well-being improvement solutions, Reports First-Quarter Financial Results
(NASDAQ: VDSI) VASCO Data Security International Inc. $10.53 Wk-H: $11.18
- a leading software security co. specializing in authentication products/services, Q1-2014: Rev. $38.8M +10%, Op. Inc. $3.9M +43%
(NASDAQ: ASTM) Aastrom Biosciences Inc. $4.23 Wk-H: $4.95
- develops patient-specific cardiovascular therapies, to Acquire Sanofi's Cell Therapy and Regenerative Medicine Business
TSX (quote T. and ticker symbol)
(TSX: CF) Canaccord Genuity Group Inc. $7.79 $8.89 Wk-H: $9.65
- a leading independent full-service financial services firm, discloses transactions in own shares under normal course issuer bid/buy-backs
(TSX: MBC) MBAC Fertilizer Corp. $0.55 Wk-H: $0.61
- focused on phosphate fertilizers in Brazil and Latin American, completes C$20.7M of $0.70/unit financing incl. over-allotment option
(TSX: NUS) Nautilus Minerals Inc. $0.48 Wk-H: $0.53
- first co. to explore the ocean floor for polymetallic seafloor massive sulphide deposits, State of PNG Resolve Issues and Sign Agreement
TSX Venture (quote V. and ticker symbol)
(TSXV: QST) Questor Technology Inc. $1.43 $1.95 $2.70 $3.02 Wk-H: $3.15
- clean air technologies and sells/rents high efficiency waste gas incinerators, Apr. 16 Announces Record 2013 Financial Results
(TSXV: PMI) Petromanas Energy Inc. $0.115 $0.13 $0.24 $0.27 Wk-H: $0.29
- O&G co. with 1.1M+ acres in Albania's Berati thrust belt and in France & Australia, Apr. 7 filed YE results; Mar. 11 Albanian activities update
(TSXV: PEO) People Corp. $0.88 $1.25 $2.60 Wk-H: $2.84
- provides group benefits, retirement and human resource services, Completes $10.4M Bought Deal P.P. Financing at $2.15 per share
(TSXV: CCE) Commerce Resources Corp. $0.175 Wk-H: $0.20
- Mar. 20 Initiates Drill Program at the Ashram Rare Earth Deposit, Northern Quebec; Mar. 14 Closes $2.5M P.P. of $0.23 and $0.20 units
(TSXV: GZZ) Golden Valley Mines Ltd. $0.135 Wk-H: $0.185
- holds ~62.3% of (TSXV: RZZ), Abitibi Royalties Announces Drill Results on Odyssey North by Osisko of 2.85 g/t Au Over 110 Metres
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Saturday, April 19, 2014
InvestorsGuru.com 14 Filtered Mid-Day Market Movers Recap
Mid-Day Market Movers focus on above average volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com and on our Hot Sheet. Below recaps last week's movers, all prices when posted, week high price Wk-H:, with a brief company description and recent news headlines. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: GSI) General Steel Holdings Inc. $1.02 $1.31 Wk-H: $1.35
- a leading non-state-owned steel producer in China, Signs Direct Iron Ore Supply Agreement with Rio Tinto
(NYSE: KNL) Knoll Inc. $18.29 Wk-H: $19.43
- designers of workplace and residential furniture, textile, leather etc. brands, Growth in Sales, Margins and Operating Profit to Start the Year
NYSE MKT AMEX
(AMEX: DEJ)(TSX: DEJ) Dejour Energy Ltd. $0.21 $0.214 $0.268 $0.29 Wk-H: $0.31
- O&G co. in the Piceance Basin & Peace River Arch regions, Sees Net Production +60% at Woodrush; Investor Call; Expands Operations NE B.C.
(AMEX: GTT) Global Telecom & Technology Inc. $7.10 $11.77 Wk-H: $11.95
- cloud networking service provider, Apr. 2 Phillips Selects GTT EtherCloud Service; Mar. 18 Q4 and FY 2013 Financial Results
NASDAQ
(NASDAQ: WBMD) WebMD Health Corp. $27.94 $33.82 $35.46 $43.06 Wk-H: $46.00
- leading source of online/mobile health info, Provides First Quarter Update, Expects Results To Be Above High End Of Guidance
(NASDAQ: HOLI) Hollysys Automation Technologies Ltd. $13.53 $17.88 $22.41 Wk-H: $22.96
- Announces the Successful Operation of its Proprietary Distributed Control System in Yangjiang Nuclear Power Plant
(NASDAQ: RDNT) RadNet Inc. $4.11 $4.57 Wk-H: $4.71
- U.S.' leading provider of freestanding, fixed-site diagnostic imaging, Multi-Faceted Agreement for Radiology Services in Southern New Jersey
(NASDAQ: IIIN) Insteel Industries Inc. $23.74 Wk-H: $24.26
- largest U.S. manufacturer of steel wire reinforcing products for concrete construction applications, Q2 Financial Results
(NASDAQ: SPRO) SmartPros Ltd. $3.07 Wk-H: $3.35
- a leader in the field of accredited professional education and corporate training, Mar. 17 Releases eLearning Platform for Mobile Devices
TSX (quote T. and ticker symbol)
(TSX: CLL) Connacher Oil and Gas Ltd. $0.125 $0.27 $0.335 Wk-H: $0.35
- focused on in-situ oil sands production in the Great Divide of northern Alberta near Fort McMurray, Mar. 19 Q4/YE 2013 Results
(TSX: TOG) TORC Oil & Gas Ltd. ($1.63, $8.15 post cons.) $13.20 Wk-H: $13.67
- focused in Western Canada, Mar. 17 Confirms Monthly Dividend; Q4/YE-13 Results and Year-End Reserves, Increase to Guidance
(TSX: TBE) Twin Butte Energy Ltd. $2.48 Wk-H: $2.50
- dividend paying value oriented intermediate O&G producer, Mar. 20 2013 Year End Financial and Operating Results
TSX Venture (quote V. and ticker symbol)
(TSXV: NOT) Noront Resources Ltd. $0.50 $0.57 Wk-H: $0.59
- developing high-grade Eagle's Nest Ni-Cu-Pt-Pd & high-grade Blackbird Cr deposits in Ring of Fire, Stmt. on Ont. & Matawa 1st Nations agr.
(TSXV: VEL) Vanoil Energy Ltd. $0.065 Wk-H: $0.085
- O&G co. with assets in East Africa and the Republic of Seychelles in the western Indian Ocean, Feb. 3 Update on License Renewals in Kenya
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Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.
NYSE
(NYSE: GSI) General Steel Holdings Inc. $1.02 $1.31 Wk-H: $1.35
- a leading non-state-owned steel producer in China, Signs Direct Iron Ore Supply Agreement with Rio Tinto
(NYSE: KNL) Knoll Inc. $18.29 Wk-H: $19.43
- designers of workplace and residential furniture, textile, leather etc. brands, Growth in Sales, Margins and Operating Profit to Start the Year
NYSE MKT AMEX
(AMEX: DEJ)(TSX: DEJ) Dejour Energy Ltd. $0.21 $0.214 $0.268 $0.29 Wk-H: $0.31
- O&G co. in the Piceance Basin & Peace River Arch regions, Sees Net Production +60% at Woodrush; Investor Call; Expands Operations NE B.C.
(AMEX: GTT) Global Telecom & Technology Inc. $7.10 $11.77 Wk-H: $11.95
- cloud networking service provider, Apr. 2 Phillips Selects GTT EtherCloud Service; Mar. 18 Q4 and FY 2013 Financial Results
NASDAQ
(NASDAQ: WBMD) WebMD Health Corp. $27.94 $33.82 $35.46 $43.06 Wk-H: $46.00
- leading source of online/mobile health info, Provides First Quarter Update, Expects Results To Be Above High End Of Guidance
(NASDAQ: HOLI) Hollysys Automation Technologies Ltd. $13.53 $17.88 $22.41 Wk-H: $22.96
- Announces the Successful Operation of its Proprietary Distributed Control System in Yangjiang Nuclear Power Plant
(NASDAQ: RDNT) RadNet Inc. $4.11 $4.57 Wk-H: $4.71
- U.S.' leading provider of freestanding, fixed-site diagnostic imaging, Multi-Faceted Agreement for Radiology Services in Southern New Jersey
(NASDAQ: IIIN) Insteel Industries Inc. $23.74 Wk-H: $24.26
- largest U.S. manufacturer of steel wire reinforcing products for concrete construction applications, Q2 Financial Results
(NASDAQ: SPRO) SmartPros Ltd. $3.07 Wk-H: $3.35
- a leader in the field of accredited professional education and corporate training, Mar. 17 Releases eLearning Platform for Mobile Devices
TSX (quote T. and ticker symbol)
(TSX: CLL) Connacher Oil and Gas Ltd. $0.125 $0.27 $0.335 Wk-H: $0.35
- focused on in-situ oil sands production in the Great Divide of northern Alberta near Fort McMurray, Mar. 19 Q4/YE 2013 Results
(TSX: TOG) TORC Oil & Gas Ltd. ($1.63, $8.15 post cons.) $13.20 Wk-H: $13.67
- focused in Western Canada, Mar. 17 Confirms Monthly Dividend; Q4/YE-13 Results and Year-End Reserves, Increase to Guidance
(TSX: TBE) Twin Butte Energy Ltd. $2.48 Wk-H: $2.50
- dividend paying value oriented intermediate O&G producer, Mar. 20 2013 Year End Financial and Operating Results
TSX Venture (quote V. and ticker symbol)
(TSXV: NOT) Noront Resources Ltd. $0.50 $0.57 Wk-H: $0.59
- developing high-grade Eagle's Nest Ni-Cu-Pt-Pd & high-grade Blackbird Cr deposits in Ring of Fire, Stmt. on Ont. & Matawa 1st Nations agr.
(TSXV: VEL) Vanoil Energy Ltd. $0.065 Wk-H: $0.085
- O&G co. with assets in East Africa and the Republic of Seychelles in the western Indian Ocean, Feb. 3 Update on License Renewals in Kenya
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Thursday, April 17, 2014
Japan Okays Nuclear Power Restarts; Uranerz Energy Approved To Produce Uranium - InvestorsGuru.com
Japan Reinstates Nuclear PowerLow U3O8 Spot Prices Persist
Last Friday, April 11th, a Reuters report entitled, "Japan approves energy plan reinstating nuclear power" would normally have been seen as a boost to uranium stocks. Instead uranium miners have pulled back, at least marginally.
One might argue that uranium stocks have been among the best performers this year and were due to consolidate gains, and that the overall market has been weak. However this was not just the usual bullish uranium related news that we have seen lately, about higher demand from more nuclear power plant builds worldwide, or less supply from mine closures, cancelled expansions and recycled uranium programs that ended recently. Japan shutting down nuclear power was the major catalyst that brought the uranium mining industry to its knees three years ago, and Japan restarting its nuclear plants is the major catalyst that can jumpstart the industry again.
Are believers in uranium's near and long-term growth story missing something? I don't think so, read the report's title again! Japan has changed its energy policy by reversing plans to gradually mothball its nuclear power plants. We said this would happen, now it's official, nuclear power will restart in Japan!
While the article got that main point right, its next breath tone is interesting, "a move likely to be unpopular with a wary public following the 2011 Fukushima disaster". Following must mean just after the event, because in December 2012 Shinzo Abe was elected president and two months ago Yoichi Masuzoe was elected governor. Both are pro-nuclear and were elected to restart Japan's nuclear power. What the wary public wants is an end to: energy blackouts, higher costs, deficits and pollution, all which worsened after Japan switched from nuclear to LNG and other dirty high-cost fossil fuels.
The article says that utilities are suffering from $50 billion in operating losses, can't afford to upgrade their nuclear plants, and have asked for government bailouts. The reason for these huge operating losses is because they have had to pay $90 billion on replacement fossil fuels. Then it says they have spent $16 billion in upgrades to meet safety guidelines, but says that up to two-thirds of Japan's 48 idled reactors may have to be left closed because of the high cost of further upgrades. The consultant quoted concludes that "Japan will write off most of their nuclear 'assets' and move on".
That's like saying Japan and its utilities are broke because of the problems caused by importing fossil fuels, but they have to stay with fossil fuels as they can't afford the solutionwhich is upgrading and restarting their nuclear power plants.
Does it make any sense for Japan to continue powering itself with unreliable, high-cost and polluting fossil fuels when they have 48 operable reactors? Why stay the course of high power bills, operating losses for its utilities and trade/fiscal deficits for a country that used to be known for its surpluses. No it doesn't make sense; I believe Japan will restart most, if not all, of its reactors step-by-step.
Cheers to Japan's plans for more renewable energy, but this will take decades to produce even a small fraction of its base-load needs. Until then nuclear power is still Japan's only practical solution. It costs a lot less time and money to upgrade a reactor than to build a new one, so doubters of Japan's restart intent might ask why World-nuclear.org shows Japan also has 3 new reactors under construction, 9 planned and 3 proposed. Bottom line, changing Japan's energy policy on nuclear power should be seen by uranium investors as a big step forward, and U3O8's low $33/lb. spot price as an opportunity.
Uranerz Energy Is Now A Producing U.S. Uranium Miner
It's official, (AMEX: URZ)(TSX: URZ) Uranerz Energy has graduated from the exploration to development to now the production stage. Nuclear Regulatory Commission (NRC) inspections have concluded and Uranerz has been approved as the United States' newest uranium producer. Here's URZ' Tuesday news release: "Uranerz Starts Uranium Mining Operations at Nichols Ranch".
This is a major accomplishment and a testament to Uranerz' management skills as only a small percentage of mining companies ever make it to the production stage. This is especially so with uranium mines as they are the most highly regulated, a journey for Uranerz that started a decade ago. With fewer uranium companies than for most other commodities, Uranerz joins an elite group of uranium companies that can also call itself a producer.
Uranerz Energy has been ready and waiting for this final government go ahead for a while. Within hours of receiving it there was no ribbon cutting ceremony, ISR uranium mining production just started. The company's Nichols Ranch mine is expected to produce 1Mlbs./year on average, and at that rate it could be producing for over 13-years at a cash operating cost of $35/lb., with final processing to be done at (NYSE: CCJ)(TSX: CCO) Cameco's nearby Smith Ranch-Highland plant. For at least the first seven years a significant portion of Uranerz' yellowcake will be sold to major U.S. utilities such as (NYSE: EXC) Exelon, under premium off-take agreements signed when uranium prices were significantly higher.
Uranerz' March 14th Q4 financials showed over $11M in working capital at the end of 2013. The company now likely has around $7-8M. As uranium production begins, cash flow is anticipated to start in just a few months. Uranerz is better positioned to grow compared to other small to mid-cap uranium miners with more debt, nearly depleted treasuries, and not hedged against today's low uranium prices. We look forward to Uranerz growing through timely acquisitions, the drill bit, and via production with higher U3O8 prices.
Uranerz' mine is permitted for up to 2Mlbs./year, which it can organically grow by further exploring its 80k acres in the Powder River Basin of Wyoming. The company has already identified combined NI 43-101 U3O8 resources of over 19Mlbs. at Nichols Ranch and its nearby satellite projects called: Hank, West North-Butte, South Doughstick and related properties, North Rolling Pin and Reno Creek. URZ even looks attractive as an acquisition target, with a market-cap of $134M at US$1.56 per share which is one of the lowest market-caps I can find among uranium producers anywhere.
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Last Friday, April 11th, a Reuters report entitled, "Japan approves energy plan reinstating nuclear power" would normally have been seen as a boost to uranium stocks. Instead uranium miners have pulled back, at least marginally.
One might argue that uranium stocks have been among the best performers this year and were due to consolidate gains, and that the overall market has been weak. However this was not just the usual bullish uranium related news that we have seen lately, about higher demand from more nuclear power plant builds worldwide, or less supply from mine closures, cancelled expansions and recycled uranium programs that ended recently. Japan shutting down nuclear power was the major catalyst that brought the uranium mining industry to its knees three years ago, and Japan restarting its nuclear plants is the major catalyst that can jumpstart the industry again.
Are believers in uranium's near and long-term growth story missing something? I don't think so, read the report's title again! Japan has changed its energy policy by reversing plans to gradually mothball its nuclear power plants. We said this would happen, now it's official, nuclear power will restart in Japan!
While the article got that main point right, its next breath tone is interesting, "a move likely to be unpopular with a wary public following the 2011 Fukushima disaster". Following must mean just after the event, because in December 2012 Shinzo Abe was elected president and two months ago Yoichi Masuzoe was elected governor. Both are pro-nuclear and were elected to restart Japan's nuclear power. What the wary public wants is an end to: energy blackouts, higher costs, deficits and pollution, all which worsened after Japan switched from nuclear to LNG and other dirty high-cost fossil fuels.
The article says that utilities are suffering from $50 billion in operating losses, can't afford to upgrade their nuclear plants, and have asked for government bailouts. The reason for these huge operating losses is because they have had to pay $90 billion on replacement fossil fuels. Then it says they have spent $16 billion in upgrades to meet safety guidelines, but says that up to two-thirds of Japan's 48 idled reactors may have to be left closed because of the high cost of further upgrades. The consultant quoted concludes that "Japan will write off most of their nuclear 'assets' and move on".
That's like saying Japan and its utilities are broke because of the problems caused by importing fossil fuels, but they have to stay with fossil fuels as they can't afford the solutionwhich is upgrading and restarting their nuclear power plants.
Does it make any sense for Japan to continue powering itself with unreliable, high-cost and polluting fossil fuels when they have 48 operable reactors? Why stay the course of high power bills, operating losses for its utilities and trade/fiscal deficits for a country that used to be known for its surpluses. No it doesn't make sense; I believe Japan will restart most, if not all, of its reactors step-by-step.
Cheers to Japan's plans for more renewable energy, but this will take decades to produce even a small fraction of its base-load needs. Until then nuclear power is still Japan's only practical solution. It costs a lot less time and money to upgrade a reactor than to build a new one, so doubters of Japan's restart intent might ask why World-nuclear.org shows Japan also has 3 new reactors under construction, 9 planned and 3 proposed. Bottom line, changing Japan's energy policy on nuclear power should be seen by uranium investors as a big step forward, and U3O8's low $33/lb. spot price as an opportunity.
Uranerz Energy Is Now A Producing U.S. Uranium Miner
It's official, (AMEX: URZ)(TSX: URZ) Uranerz Energy has graduated from the exploration to development to now the production stage. Nuclear Regulatory Commission (NRC) inspections have concluded and Uranerz has been approved as the United States' newest uranium producer. Here's URZ' Tuesday news release: "Uranerz Starts Uranium Mining Operations at Nichols Ranch".
This is a major accomplishment and a testament to Uranerz' management skills as only a small percentage of mining companies ever make it to the production stage. This is especially so with uranium mines as they are the most highly regulated, a journey for Uranerz that started a decade ago. With fewer uranium companies than for most other commodities, Uranerz joins an elite group of uranium companies that can also call itself a producer.
Uranerz Energy has been ready and waiting for this final government go ahead for a while. Within hours of receiving it there was no ribbon cutting ceremony, ISR uranium mining production just started. The company's Nichols Ranch mine is expected to produce 1Mlbs./year on average, and at that rate it could be producing for over 13-years at a cash operating cost of $35/lb., with final processing to be done at (NYSE: CCJ)(TSX: CCO) Cameco's nearby Smith Ranch-Highland plant. For at least the first seven years a significant portion of Uranerz' yellowcake will be sold to major U.S. utilities such as (NYSE: EXC) Exelon, under premium off-take agreements signed when uranium prices were significantly higher.
Uranerz' March 14th Q4 financials showed over $11M in working capital at the end of 2013. The company now likely has around $7-8M. As uranium production begins, cash flow is anticipated to start in just a few months. Uranerz is better positioned to grow compared to other small to mid-cap uranium miners with more debt, nearly depleted treasuries, and not hedged against today's low uranium prices. We look forward to Uranerz growing through timely acquisitions, the drill bit, and via production with higher U3O8 prices.
Uranerz' mine is permitted for up to 2Mlbs./year, which it can organically grow by further exploring its 80k acres in the Powder River Basin of Wyoming. The company has already identified combined NI 43-101 U3O8 resources of over 19Mlbs. at Nichols Ranch and its nearby satellite projects called: Hank, West North-Butte, South Doughstick and related properties, North Rolling Pin and Reno Creek. URZ even looks attractive as an acquisition target, with a market-cap of $134M at US$1.56 per share which is one of the lowest market-caps I can find among uranium producers anywhere.
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote to comment at our AnyTicker.com Bulletin Boards. Free!
Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.
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