Watching Energy Fuels; Hearing Gordon Johson/ GLJ Research Out With Note Suggesting "We Would Be Aggressively Adding To All Uranium Longs Here"
Portfolio Pulse from Happy Mohamed
Gordon Johnson of GLJ Research suggests aggressively adding to all uranium longs as PG&E faces insufficient uranium fuel for Diablo Canyon and has to buy over 6 million lbs on a short-term contract. The ADVANCE Act, Japan's law to extend reactor lifetimes, and a ban on Russian enriched uranium are also factors.
June 01, 2023 | 5:42 pm
News sentiment analysis
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NEGATIVE IMPACT
PG&E (PCG) faces insufficient uranium fuel for Diablo Canyon and has to buy over 6 million lbs on a short-term contract, potentially impacting its stock price.
PG&E (PCG) is directly affected by the insufficient uranium fuel for Diablo Canyon, as they have to buy over 6 million lbs on a short-term contract. This could lead to increased costs for the company and potentially negatively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Energy Fuels (UUUU) may benefit from Gordon Johnson's recommendation to add to uranium longs, as well as global developments in the uranium market.
Gordon Johnson's recommendation to add to uranium longs may lead to increased demand for uranium stocks like Energy Fuels (UUUU). Additionally, global developments such as the ADVANCE Act, Japan's law to extend reactor lifetimes, and a ban on Russian enriched uranium could positively impact the uranium market and UUUU's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50