Nii AAPL ega KMG polnd suurem asi, here comes another.
CCJ - uranium play. hearing some smart guys buying the stock on dips. Might go back to 40s next week.
Disclaimer - long CCJ small.
Briefing.com:
The WSJ is reporting that as energy-hungry China prepares to award a lucrative nuclear-reactor contract, multinational co's are heatedly pitching Beijing on their technologies. And the bidders' success may hinge on how amiably and effectively they intend to share some of the trade secrets the nation needs to build more plants by itself. China's extraordinary economic growth makes energy a pressing issue. In a country powered largely by coal, the govt aims to add about two dozen reactors by 2020, raising its nuclear-power output to at least 4% of energy generation from about 2.2% today. The foreign bidders are vying to win a contract to build 4 of those plants, which are estd to cost somewhere between $1 bln and $2 bln each. To nurture a robust domestic nuclear-energy program, China needs foreign co's not only to build the latest plants but also to confer the technical know-how on Chinese engineers. "They want to become self-sufficient," says Steve Tritch, president and CEO of Westinghouse Electric. Technology transfer is "a crucial part of the proposal." According to the article, Siemens has participated in building of two nuclear plants in China and is expected to be among winners of next contract. (Briefing.com note: News may spark interest in recently hot uranium mining sector: CCJ)
sB
35$/barrel juures.