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Uranium Stock Opportunities for the Short Term: Part 2
One has a high-grade deposit; the other seems extremely oversold
As a geologist and investor, Jim Letourneau, editor of Big Picture Speculator, has a unique perspective on the energy sector. An admitted optimist, he claims to be "short-term bullish, medium-term terrified and long-term bullish." In this exclusive interview with The Energy Report, Jim discusses the irregular flow of today’s markets, where to drop anchor for some good short-term returns, and why he foresees a more sustainable balance in oil going forward.
TER: So, in essence, this chart was really proven, but not yet producing, deposits listed with the companies that own them, plus…
French Nuclear Giant Areva Links Up With Northrop in Groundbreaking Production Venture
In a sign that the planned construction of new nuclear reactors in the U.S. market could jump-start the nation’s moribund manufacturing sector, France’s Areva SA and defense-industry giant Northrop Grumman Corp. (NOC) have formed a joint venture to make nuclear reactor vessels, steam generators and other related components at Northrop’s Newport News shipyard in Virginia.
The venture – Areva Newport News LLC – will emanate from a $360 million investment, and will lead to the construction of a 300,000-square-foot production-and-engineering facility, the two companies said yesterday (Thursday). It will employ 500 workers when completed in 2011, according to an MSNMoneycentral report.
Mike Petters, president…
24Oct2008 | Money Morning | Comments Off | Continued
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