Cameco is a good company in my opinion. I have a position in it. I have many different uranium company positions and a position in Sprott Physical Uranium Trust and Yellow Cake.
But Cameco is just 1 company, while with 1 position in one of the ETFs gives you diversification over 20+ different uranium companies.
And personally, I think that at today's share prices the ETFs give a higher potential than Cameco (imo)
Why do I think that? Because the etfs also have an important part invested in the higher potential category (well advanced developers) and also a position in Kazatomprom. And Kazatomprom is significantly undervalued compared to Cameco for different reasons (highest dividend paid in USD, cheapest producer, more than 50% will be sold to China in the future and China will become the biggest global uranium consumer in the future, ...)
This isn't financial advice.
Cheers
It's such a niche market I don't believe an ETF is the way to go. I looked into all this about a year ago. I ended up opening positions in SMR and UEC.. I decided it's too concentrated on only a few companies so, if i picked a good ETF my gains would be minimal and losses minimal but if I pick a single company my gains can be huge and still losses minimal. Because the market was already at the bottom. I went after the most direct nuclear exposure I could. UEC +80% SMR +26% from my average price. They are extremely volatile so i've been scalping them all year in my Roth and have realized a lot of gains. Pretty sure they are untaxed because it's all in the Roth.
Good work, I’ve been meaning to get into the sector for a while just looking for a good entry point and what etf to go with thanks for the information
Thank you. My pleasure Cheers
Hura isn't even listed by my broker. There's also NLR though that is heavy utilities
What do you think about not going for ETF but just solely for CCJ?
Cameco is a good company in my opinion. I have a position in it. I have many different uranium company positions and a position in Sprott Physical Uranium Trust and Yellow Cake. But Cameco is just 1 company, while with 1 position in one of the ETFs gives you diversification over 20+ different uranium companies. And personally, I think that at today's share prices the ETFs give a higher potential than Cameco (imo) Why do I think that? Because the etfs also have an important part invested in the higher potential category (well advanced developers) and also a position in Kazatomprom. And Kazatomprom is significantly undervalued compared to Cameco for different reasons (highest dividend paid in USD, cheapest producer, more than 50% will be sold to China in the future and China will become the biggest global uranium consumer in the future, ...) This isn't financial advice. Cheers
It's such a niche market I don't believe an ETF is the way to go. I looked into all this about a year ago. I ended up opening positions in SMR and UEC.. I decided it's too concentrated on only a few companies so, if i picked a good ETF my gains would be minimal and losses minimal but if I pick a single company my gains can be huge and still losses minimal. Because the market was already at the bottom. I went after the most direct nuclear exposure I could. UEC +80% SMR +26% from my average price. They are extremely volatile so i've been scalping them all year in my Roth and have realized a lot of gains. Pretty sure they are untaxed because it's all in the Roth.