Monday, April 25, 2011

Shaw (SHAW) (CCJ) (cxz) (UUU) Trade Mixed as Nuclear Looks for Clarity

Shares of uranium and nuclear companies like Crosshair Expl & Mining (AMEX:cxz), Uranium One (TSE:UUU), Cameco Corporation (NYSE:CCJ) and Shaw Group Inc. (NYSE:SHAW) are trading mixed after the initial shock of the nuclear challenges in Japan from the earthquake have started to slowly wind down.

The headline silliness that the nuclear sector is going to be abandoned and replaced by other so-called "green" energy is ludicrous, as solar and wind turbines are a poor and unpredictable source of energy, and will never be able to supply, or come close to supplying, the growing energy needs of the world.

While it's obvious the industry will go over safety measures to ensure the highest safety levels possible, the idea of taking an extremely rare occurence like an 8.9 earthquake as the worst case scenario isn't going to happen, even though the industry will be safer and better for making any improvements they can.

Crosshair Expl & Mining (AMEX:cxz) closed Thursday at $0.995, falling $0.035, or 3.40percent. Uranium One closed in Toronto at $3.97, down $0.05, or 1.24 percent. Cameco Corporation ended the day at $29.09, gaining $0.09, or 0.24 percent. Shaw closed at $37.94, rising $0.10, or 0.26 percent.

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