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Devon Energy Corporation Message Board

ca_la_resident 5 posts  |  Last Activity: Jul 16, 2014 7:16 AM Member since: Jul 6, 2013
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  • ca_la_resident by ca_la_resident Jul 16, 2014 7:16 AM Flag

    2 restarts imminent, more will follow this year. It will cause steady rise to Uranium Stocks. Good Luck !

    ---------------------------------------------
    Japan's nuclear regulator has given preliminary approval for two reactors at a nuclear plant in the south of the country to restart.

    The Nuclear Regulation Authority (NRA) said the reactors at the Sendai plant had met new standards introduced after the Fukushima disaster.

    These are the first two nuclear reactors to pass this hurdle.

    All Japan's 48 reactors are currently stopped, but PM Shinzo Abe has been pushing for restarts where possible.

    The Japanese public turned against nuclear power after the meltdowns at the Fukushima plant in 2011.

    Before the accident, which was caused by a massive earthquake and tsunami, nuclear plants supplied about 30% of Japan's power.

    But since then the plants have been closed, either for scheduled maintenance or because of safety fears, and have not been restarted.

    Japan's last reactor, at Ohi in western Japan, went offline in September 2013.

    The NRA said the Sendai plant, in southern Kyushu, had met new safety standards intended to guard against damage from natural disasters.

    A month-long public consultation will now take place before the NRA issues a final decision.

    Earlier this year, Mr Abe's government approved an energy plan backing the use of nuclear power, despite public anxiety.

    The plan reversed an earlier decision to phase out nuclear power by a previous government.

    Trade and Industry Minister Toshimitsu Motegi said at the time that Japan had to opt for an energy supply system that was "realistic, pragmatic and well balanced".

  • Reply to

    Laugher

    by s_blazo May 22, 2014 5:04 PM
    ca_la_resident ca_la_resident May 22, 2014 8:28 PM Flag

    By Angela Macdonald-Smith - June 5, 2007 01:00 EDT

    June 5 (Bloomberg) -- Uranium spot prices may reach $200 a pound within the next two years, buoyed by a shortfall in supply and increasing investment in the nuclear fuel by speculators, said Macquarie Bank Ltd., Australia's biggest securities firm.

    The price, which reached $125 a pound in mid-May, will probably average $125 a pound this year, rising to $135 next year, Macquarie said in a June 1 report. RBC Capital Markets, UBS AG and producers Rio Tinto Group and SXR Uranium One Inc. are among those also forecasting further gains.

    Uranium prices have jumped 12-fold since early 2003, underpinned by a shortage, concerns over future production and a lack of investment in new mines, Macquarie said. Efforts to limit emissions of carbon dioxide from burning fossil fuels have bolstered demand for uranium for power generation.

    ``In the near term, with the market expected to remain in significant deficit in 2007-08, risk on the supply side and growing speculative interest, it is hard to see what could prevent spot prices going higher,'' Macquarie analysts Max Layton and John Moorhead said. ``We would not be surprised to see prices move up to around $200 a pound over the next two years.''

  • Reply to

    Is there any hope for the Uranium Miners?

    by dr_dr_detroit May 22, 2014 3:22 PM
    ca_la_resident ca_la_resident May 22, 2014 4:18 PM Flag

    correction...Brent is at $110 per barrel.

  • Reply to

    Is there any hope for the Uranium Miners?

    by dr_dr_detroit May 22, 2014 3:22 PM
    ca_la_resident ca_la_resident May 22, 2014 4:16 PM Flag

    Yes very very dis-heartening. Markets at all time high, and many of Uranium Stocks are at all time lows. But this is how markets work, pendulum must swing on the other end too at some time. Unless no one in the world would need Uranium for weapons or energy production. I think we still are deep in recession / deflationary spiral. Once we get out, the world will need energy, and lots of it. Brend is already at 110 when the global economy is stalled.

  • Reply to

    Japan court halts restarts

    by encana101 May 21, 2014 9:40 AM
    ca_la_resident ca_la_resident May 21, 2014 1:27 PM Flag

    Stop spreading your BS Encana. The world will always continue to use nuclear power in the mix of energy requirements. CCJ will again see 25+ within 2014. Just need to be patient, and buy when everyone hates this sector.

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