Bank of America / Merrill Lynch note of 27th June. They recommend the bigger producers but the juniors will see the best returns once the sectors starts moving up....
Global Nuclear/Uranium Outlook
We believe it is time to start building positions in uranium equities, due to uranium (U3O8) consumption set to resume its growth path after the March 2011 nuclear accident in Fukushima. Also, Japan’s Prime Minister Yoshihiko Noda has given clearance to restart two units at KEPCO’s Ohi plant by the end of July 2012. This marks the first Japanese nuclear reactor restart since the Fukushima accident last year. Thus, we recently upgraded Energy Resources of Australia (ERA AU), Cameco Corp. (CCO CN) and Uranium One Inc. (UUU CN) to Buy.
merrill lynch are bullish on uranium
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$24.70 |
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