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Nuclear power and Uranium - Cameco

Posted on 6/26/16 at 11:04 pm
Posted by GREENHEAD22
Member since Nov 2009
19609 posts
Posted on 6/26/16 at 11:04 pm
What are the boards thought on the future for it, there is suppose to be an increase in demand for Uranium with new power plants coming on line in the next 5-10 years.
Posted by Athletix
:pels:
Member since Dec 2012
5068 posts
Posted on 6/27/16 at 1:51 am to
What new plants? What encourages someone to invest in nuke power? Multiple plants have been shut down in the past couple years. A couple units have been built in South Carolina and there's a unit or two being built in Georgia. The South Texas project has been suspended. So, yes a few new units have been built, but just as many have/will be shut down. Couple that with all of these plants aging and trying to get their license extended, and you have an industry I wouldn't touch. Nat gas is cheap and nuke power is over regulated. I work in the industry so I'd love to see it have a "rebirth", but I wouldn't be investing in it.
This post was edited on 6/27/16 at 1:53 am
Posted by JamalSanders
On a boat
Member since Jul 2015
12135 posts
Posted on 6/27/16 at 9:29 am to
It is only a matter of time til there is a rebirth of nuclear power. But it is going to take O&G skyrocketing for it to happen. The biggest hurdle for nuclear is the upfront cost of the plant and the fact that you have to maintain the spent fuel for centuries.

But it is a cleaner source of power. Too bad the damn hippies can't see past their noses.
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