So it did, and the stock dropped 5% Friday. The link I clicked had a time stamp but no date stamp. I guess this was a case of "buy the rumor, sell the news."
Nevertheless, I maintain that it is good news for the company and pushes the doomsday clock now back to September.
Centrus Energy announces that UT-Battelle has exercised its option to extend the American Centrifuge Technology Demonstration and Operations Agreement by six months from March 31 to September 30, 2015 (LEU) : The ACTDO Agreement is a firm fixed-price contract. The agreement provided two options to extend the contract for six months, each at a price of $41.7 million for each option period. The total price of the contract including options is approximately $117 million.
Pursuant to the FY2015 omnibus appropriations bill, DOE is currently examining long-range options for meeting the government's need for enriched uranium to support national security. DOE is expected to report its findings to Congress later this year. Centrus remains committed to working closely with DOE and Congress to maintain and deploy this technology to serve national security and energy security needs.
Possible bad news for shorts come Monday!
Iran's parliament has started to draft a law that would allow the country's nuclear scientists to intensify their uranium enrichment, a step that could complicate ongoing talks with world powers.
The move, announced Saturday by parliament's National Security and Foreign Policy Committee, comes after U.S. lawmakers said they were planning legislation that could place new sanctions on Iran.
The negotiations between Iran and the permanent members of the U.N. Security Council -- Britain, China, France, Russia and the United States -- plus Germany, face a June 30 deadline for a final deal.
But with two deadlines already missed last year both sides have admitted big differences remain on the hard detail of what a comprehensive agreement would look like.
Hossein Naghavi Hosseini, committee spokesman in Tehran, told the ISNA news agency that draft legislation was underway.
"This bill will allow the government to continue enrichment, using new generation centrifuges," he said, referring to more modern machines that would speed up production.
"The parliament's nuclear committee is working on the technical issues and details of this draft," he added.
A key stumbling block in any final deal is thought to be the amount of uranium Iran would be allowed to enrich and the number and type of centrifuges Tehran can retain.
Announcements this week show Japan and China headed in opposite directions in terms of nuclear power, the former announcing that five aging reactors would close, the later announcing that there would be five new nuclear power plant construction projects begun in 2015.
China Fast ReactorJapan remains embroiled in the psychological and political fallout from the earthquake and tsunami event that devastated the six-reactor Fukushima Daiichi Nuclear Power Plant in early March of 2011.
In response, its 50 nuclear rectors were shuttered temporarily, while the country revamped safety measures and sorted through its political priorities.
This week, media reports in Japan indicate that five of the 50 will remain shut permanently.
The country's popular Prime Minister Shinzo Abe believes a return to nuclear power would benefit Japan's economy, but local governments have been slow to approve of switching the nuclear plants back on.
Media reported that the five plants scheduled for decommissioning were victims of old age. But they are also indicative of Japan's reluctance to push its luck with a full-scale return to nuclear power, which would include extending the lifespan of older plants.
On official announcement has yet to be made, but media reports say KEPCO's Mihama Units 1 and 2 and Japan Atomic Power''s Tsuruga Unit 1 in the Fukui Prefecture; Chugoku Electric's Shimane Unit 1 in the Shimane Prefecture and Kyushu Electric's Genkai Unit 1 in the Saga Prefecture will remain closed for decommissioning.
In a start contrast, China believes that nuclear power is key to reducing its carbon footprint, which contributes to global climate change. As a result, China now has more nuclear power plants under construction than it does in operation – 26 compared to 22, Deputy Secretary General of the Chinese Nuclear Society Shen Lixin said in Beijing this week on Thursday.
China expects to triple its nuclear power capacity by 2020, Bloomberg reported.
FRANKFURT (Reuters) - The European Central Bank's Executive Board has proposed a program that would see the ECB buy 50 billion euros (38.50 billion pounds) in bonds per month starting in March, a euro zone source said on Wednesday.
Reuters could not confirm reports from other media about the duration of the proposed program. The Wall Street Journal said it would last at least one year. News agency Bloomberg said the purchases would run to the end of 2016.
The duration is significant but also contested, because Germany wants to contain the scale of bond-buying.
A program starting in March and running for a year would amount to a total volume of some 600 billion euros, based on a purchase rate of 50 billion euros per month. If a similar plan ran until the end of 2016, it would surpass 1 trillion euros.
Too bad they're not using a portion of that to build nuke plants. They could solve their financial problems, their energy shortage, and their dependence on Russia and Iran all-at-once! Oh well, the stock market seems to like it...
In 2013, NASA decided to take time out from creating spectacularly useless climate models, and reactivated their Near-Earth Object Wide-field Survey Explorer programme. The result is moderately terrifying – 8 previously unknown near Earth asteroids with catastrophic impact potential have been discovered, along with a host of smaller bodies which have the potential to wipe out a city.
According to The Register;
In December 2013, NASA re-activated the Near-Earth Object Wide-field Survey Explorer (NEOWISE) and in the twelve months since the project discovered three new comets and 40 previously-unknown near-earth objects, eight of which have Earth-bonking potential.
The JPL website contains more information about the discoveries of various space survey projects;
“WISE was launched into a low-Earth orbit in December 2009, and surveyed the full sky in four infrared wavelength bands (3.4, 4.6, 12 and 22 µm) with a 40 cm (16 in) diameter infrared telescope until the frozen hydrogen cooling the telescope was depleted in September 2010. Throughout this time, NEOWISE searched the WISE data for moving objects. Starting in October 2010, the mission was renamed NEOWISE, and the survey continued for an additional four months using the two shortest wavelength detectors. The spacecraft was placed into hibernation in February 2011, after completing its search of the inner solar system.
Recently, NEOWISE has been brought out of hibernation to learn more about the population of near-Earth objects and comets that could pose an impact hazard to the Earth. A three-year survey in the 3.4 and 4.6 µm infrared bands began in December 2013 in which NEOWISE will rapidly characterize near-Earth objects (NEOs) and obtain accurate measurements of their diameters and albedos (how much light an object reflects). NEOWISE is equally sensitive to both light-colored asteroids and the optically dark objects that are difficult for ground-based observers to discover and characterize.
The Chinese Communist Party is purging its security apparatus, arresting one of the country’s top “spy chiefs”. China is in the midst of a life and death struggle among the men at the top. It would be as if president Obama were arresting the leadership of US intelligence and intelligence agencies and all his political rivals.
Ma [Jian] the executive deputy minister of the omnipotent Ministry of State Security and who sources say was in charge of the mainland’s massive counter-espionage operations, is believed to be close to Founder chief executive Li You who allegedly financed hugely profitable securities trades carried out by one of Ma’s relatives. …
Ma’s removal makes him the highest-ranking national security official to be investigated since the downfall of Zhou Yongkang, the country’s former security tsar, and signals a likely wave of high-level changes at the key intelligence agency.
Confirmation of Ma’s detention, first rumoured on Friday in a report by the US-based Mingjing News website which specialises in Chinese political intrigue, is sure to cause a stir in the international intelligence community where he is well-known.
According to sources, Ma is also closely linked to Ling Jihua , the one-time chief of staff to former president Hu Jintao who retired in 2013. Ling was detained last month.
Reuters says Xi Jinping has gone to the mattresses. “Security has been stepped up for Xi, his top graft buster, Wang Qishan, and Gen. Liu Yuan, who blew the whistle on rampant corruption in the military, two sources with ties to the leadership in Beijing said. Liu, one of Xi’s closest confidantes, has received death threats for exposing senior officers who were selling promotions to top posts, the sources said.”
So far Xi has survived and should he succeed we will be witnessing, according to sources who spoke to Reuters, the emergence of the first dominant figure in Chinese politics since Deng Xiaoping.
The Castro brothers were in desperate straits in Cuba since Venezuela could no longer support them with oil subsidies. The Communist regime would almost certainly have collapsed but President Obama stepped in and saved them (without bothering to notify Congress). Why would we want to keep a Communist regime around to brutalize its population? Only Obama knows. The President has gone rogue. He is the anti-Reagan.
In the Mideast a common belief is that America has switched sides in the War on Terror. We threw our allies under the bus and abandoned all we had fought for. Now we are allowing Isis to sink deeper and deeper roots
It seems the Obama EPA just can't help itself from issuing more regulations:
Obama administration officials this morning announced a plan under which the oil and gas industry would have to cut methane emissions by 40 to 45 percent below 2012 levels by 2025. U.S. EPA will issue new regulations this summer under the Clean Air Act, and a final rule would be in place in 2016.
This would mark the first time that methane, a potent greenhouse gas that has a global warming potential 86 times that of carbon dioxide on a 20-year time scale, would be regulated under the Clean Air Act.
The oil and gas industry is the second-largest industrial emitter of methane in the United States, following landfills, contributing 30 percent of the nation's emissions. Emissions from the industry are likely to grow by 25 percent by 2025, and the new regulations would avoid wastage of 180 billion cubic feet of methane, which is the primary component of natural gas, in 2025, Dan Utech, special assistant to the president for energy and climate change, said this morning in a press call.
"I think we are outlining today a comprehensive set of steps that will have benefits for the climate, for the economy and for public health," Utech said.
In fact it will depress the economy, kill jobs, and further raise the cost of energy. i think these guys are more of a threat than ISIS! (IMHO)
Iranian military leaders admitted this week to building and operating missile-manufacturing plants in Syria, where it was also revealed that Tehran is helping to build a secret nuclear facility.
An Iranian Revolutionary Guard Corps (IRGC) commander stated in a recent interview that the country’s Supreme Leader ordered forces to build and operate missile plants in Syria, where Iran continues to fight on behalf of embattled leader Bashar al-Assad, according to regional media reports.
IRGC Aerospace Commander Haji Zadeh touted Iran’s capabilities and bragged that Iran has gone from importing most of its military hardware to producing it domestically, as well as for regional partners such as Assad.
“A country such as Syria which used to sell us arms, was later on to buy our missiles,” Zadeh was quoted as saying earlier this week by the Young Journalists Club. “Right now the missile manufacturing firms in Syria are built by Iran.”
It has long been suspected that Iranian forces operating in Syria are providing weaponry to Assad’s forces. Zadeh’s remarks confirm that Tehran is committed to a long fight in Syria and hopes to turn the country into an Iranian proxy state.
Iran’s military actions in Syria could constitute a gross violation of sanctions on the regime enacted by the United Nations and Western powers.
Market cap has continued to decline, although it's off its lows.
9 million shares outstanding at $4.84 a share gives it a market cap of $43 million.
It's also got 8.4% of its shares shorted. Possibly it could get a nice pop on some good news.
The UAE claims it is building nuke plants to preserve more of its oil for export. Solar is good if you live in the desert, but you need 24/7 baseload capability, something our current leader never learned.
Exelon recently announced it may decommission several of its Illinois nuke plants if it doesn't get the same credits the government is providing for wind and solar.
I agree oil is valuable for the petrochemical industry rather than just gasoline. As soon as there's a viable alternative it should be phased out for transportation. Ironically, SUV sales are booming this year. GM just announced it will build an electric car with a 200 mile range priced around $30,000.
U.S. and India talks stalled over nuclear liability law
Although Indian PM Modi has put forward proposals to mitigate the toughest liability issues for U.S. firms, by themselves they are unlikely to open the market. U.S. diplomats who reviewed the ideas called them “vague” since U.S. firms still be sued for failures of components long after they were installed and operating at NPCIL facilities. In the U.S. plant operators are liable for losses from accident, not suppliers.
The so-called insurance pool offered as a part of Modi’s ideas would only amount to $200-300 million which is insufficient in the event of a major nuclear accident. Opponents of Modi’s plan called it a a illegal side arrangement that would be a violation of the liability law.
Also, critics of the insurance plan ramped up the visibility of their drive for an India only nuclear construction program built around an indigenous design of a 700 MW PHWR. The former head of India’s Atomic Energy Regulatory board, A. Gopalakrishnan, said that GE-Hitachi’s new 1500 MW ESBWR was an untried design which has not been built elsewhere. According to the Hindu newspaper, he is an outspoken opponent of any foreign nuclear technology being acquired by Indian.
U.S. President Obama will travel to India this month for a state visit. He’d like to come home with a nuclear technology trade agreement with India, but right now prospects do not appear to be bright for that outcome.
UAE to complete all four of its reactors by 2020
The United Arab Emirates will be getting 25% of its electricity from four new nuclear reactors starting in 2020, if all goes well. The units, being built by a South Korean consortium, are each rated to provide about 1400 MW of electrical power. The reactors are being built at Baraka, a remote coastal site on the Persian Gulf.
CEO of the Emirates Nuclear Corp.,Mohammed Al Hammadi, told UAE English language media on 12/22/14 that the first unit will be complete in 2017 and the other three will each complete in sequence a year apart.
The electrical power from the reactors will have three important uses. Desalinization plants will provide fresh water to the desert country. It will support the growth of a finished aluminum goods manufacturing industry exploiting the nation’s bauxite deposits, and it will power the country’s growing urban centers at Abu Dhabi and Dubai.
Nebraska's highest court on Friday tossed a lawsuit challenging the proposed route for the Keystone XL oil pipeline, in a major victory for pipeline supporters that fueled congressional efforts to approve the project.
The state Supreme Court ruled Friday that three landowners who sued failed to show they had legal standing to bring their case. The decision comes just hours before the House is set to vote on legislation green-lighting the project.
The closely watched Nebraska Supreme Court decision could remove a major roadblock for the $7 billion cross-continental project, which would run from Canada to Texas. And it immediately puts pressure on President Obama, who has resisted calls to approve the pipeline and has threatened to veto the new Keystone bill -- citing both a State Department review process and the Nebraska lawsuit.
With the Nebraska decision in, pipeline backers urged Obama to act.
"President Obama is out of excuses for deciding whether or not to allow thousands of Americans to get back to work," Senate Majority Leader Mitch McConnell, R-Ky., said in a statement, urging Obama to reverse his veto threat in light of the court decision.
Industry groups and the Canadian government also welcomed the decision as an opening for the State Department and the president to move forward.
If there ever was doubt about the strategy of the Organization of Petroleum Exporting Countries, its wealthiest members are putting that issue to rest.
Representatives of Saudi Arabia, the United Arab Emirates and Kuwait stressed a dozen times in the past six weeks that the group won't curb output to halt the biggest drop in crude since 2008. Qatar's estimate for the global oversupply is among the biggest of any producing country. These countries actually want -- and are achieving -- further price declines as part of an attempt to hasten cutbacks by U.S. shale drillers, according to Barclays Plc and Commerzbank AG.
Crude fell 48 percent last year and has declined 35 percent since OPEC affirmed its output target on Nov. 27. That decision, while squeezing revenues for OPEC members in 2015, aims at preserving their market share for years to come.
"The faster you bring the price down, the quicker you will have a response from U.S. production -- that is the expectation and the hope," said Jamie Webster, an analyst at consultants IHS Inc. in Washington. "I cannot recall a time when several members were actively pushing the price down in both word and deed."
Just one day before its Jan. 8 deadline, the Environmental Protection Agency delayed its highly anticipated rule that will require a significant reduction in fossil fuels emitted by new coal-fired plants. The purpose, they claim, is to wed the release with other rules scheduled for later this year. "[T]he Environmental Protection Agency said Wednesday it would wait until midsummer, and issue the new power plant rules with a separate regulation aimed at cutting the pollution blamed for global warming from the existing coal-fired power fleet," the Associated Press reported. EPA Air and Radiation Administrator Janet McCabe remarked, "This is all about the best policy outcome, and the appropriate policy outcome. That is what we are talking about here, and that is why we think it is important to finalize these rules in the same time frame." Actually, there's a better explanation. With Republican majorities in both chambers of Congress threatening to overhaul the EPA, Democrats are waiting for NOAA's forthcoming announcement that 2014 was the "hottest year ever," which will provide Democrats with much-needed cover.
And, of course, the country is currently experiencing a record deep freeze. Not the best time to be screaming "Global Warming!!!!!". The EPA is hoping for a hot summer.
LEU is not heavily owned by institutions, but there may have been some end-of-the-year window dressing selling. Mutual Fund managers hate to admit they were holding a losing stock so they dump it before reporting their fund holdings. They can then buy it back in January if they think the stock is worth it. LEU fits the profile.
Another factor may be weak shorts who jumped on board below $5. Given the explosive potential in the event of some positive news, they may be covering.
If the stock can get back over $5 and hold for a while it may attract a bit more institutional buying.
Another thing that hurt sentiment for LEU was the Republican challenge to John Boehner as Speaker of the House. Boehner is a strong supporter of the ACP continued funding.
I wish I had bought some LEU at $4.20, but it's hard to predict these things.
Everybody has 20/20 hindsight!
President Hassan Rouhani has threatened to hold an unprecedented referendum in Iran as he warned hardline opponents of a nuclear deal with the west that the country must end its international isolation.
The Iranian leader said he was looking at the possibility of using his constitutional rights to give power to the people in comments that some analysts took as a warning that he may try to put any nuclear agreement to a public vote.
“Our political experience shows that the country cannot have sustainable growth when it is isolated,” he told a conference on Iran’s economy in Tehran on Sunday. He added that this did not mean Iran’s negotiations with six world powers — the US, UK, France, China, Russia and Germany — were compromising the Islamic regime’s ideals of the 1979 revolution.
“Our ideals are not bound to centrifuges. Our ideals are bound to our hearts, brains and determination,” he said.
Mr Rouhani is under pressure from Iran’s hardliners in the parliament and the elite Revolutionary Guards, who insist that nuclear negotiations, which have been extended until July 1, should only be secured if all sanctions are lifted. Many Iranian analysts say the condition sounds almost impossible to achieve, fuelling concerns in Tehran that a deal is out of reach.
While Mr Rouhani called for unity at home, he said he could resort to holding a referendum over “important matters which are important for all people and have impacts on their lives” if his policies were blocked.
A senior source in the Revolutionary Guards' security apparatus on Saturday accused Israel of twice attempting to assassinate a nuclear scientist in the last two years. He made the comments in an interview with Iran's Fars news agency, and claimed his agents managed to foil the attempts.
The Revolutionary Guards are legally entrusted with protecting senior Iranians and state assets, he said, including those involved with the country's nuclear program. He added that other security agencies were also responsible for this protection as part of their authority.
At least five Iranian nuclear scientists have been killed since 2010, including the deputy director of uranium enrichment at the Natanz nuclear facility, he claimed. Tehran has consistently claimed that Israel's Mossad, American CIA, and British MI6 were behind the assassinations.
While the US and UK denied their involvement, Israel refrained from responding. In March of last year, 18 indictments were filed against the alleged assassins.
Iran arrested two suspects in 2012 relating to the deaths of nuclear engineer Majid Shahriari and Mostafa Ahmadi-Roshan, the deputy director of uranium enrichment at Natanz.
Shariari was killed on November 29, 2010 when two motorcyclists attached explosive devices to his vehicle. Roshan was killed with the same method a year and a half later.
Iran has accused Israel of assassinating at least two other scientists besides Roshan and Shariari: Masould Alimohammadi in January 2010 and Darioush Rezaeinajad in July 2011.
Meanwhile, the senior source from the Revolutionary Guards told Fars that no less than 130 attempted airplane hijackings around Iran had been foiled by the security apparatus.