Cameco (CCJ) (UEC) (TSE:PDN) (EXC) Rebounding After Initial Shock.
Monday, May 2, 2011
Shares of uranium and nuclear companies like Uranium Energy (AMEX:UEC), Paladin (TSE:PDN), Cameco Corporation (NYSE:CCJ) and Exelon (NYSE:EXC) are starting to slowly gain traction again after the initial shock of the nuclear disaster in Japan from the earthquake is starting to slowly wind down.
The extreme news headlines suggesting that the nuclear sector is going to be abandoned and replaced by other so-called "green" energy is ludicrous of course, as solar and wind turbines are a poor and unpredictable sources of energy, and will never be able to supply, or come close to supplying, the growing energy needs of the world.
While it's predictable the nuclear industry will go over safety measures to ensure the highest safety levels possible, the idea of taking an extremely rare occurence like an 8.9 earthquake as the worst case scenario isn't going to happen, even though the industry will be safer and better for making any improvements they can.
This is a time to look at low valuations and buy up targeted nuclear and uranium companies, as they will undoubtedly rebound and make shareholders and investors a lot of money.
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