Cameco $CCO.TO took a dive after this. I read the results and earnings call transcript.
I don't think the results were bad at all, they were good. I guess the thing that got people worried is their contractual obligations.
https://www.cameco.com/media/news/cameco-reports-2023-fourth-quarter-results
I don't think the results were bad at all, they were good. I guess the thing that got people worried is their contractual obligations.
Cameco $CCO.TO have obligations which made them have to buy uranium on the spot market in order to supply it to others. Not good when the price of the commodity has risen. This can continue in the future if they don't increase their production quite a bit.
Not selling.
Link to Earnings call transcript
https://seekingalpha.com/article/4668643-cameco-corporation-ccj-q4-2023-earnings-call-transcript
anubisSonOfRa
npub1rl5…4wn4
2024-02-10 18:16:08
Author Public Key
npub1rl598fd8xaymz2nyc2n2xvf8zvls0k3edjsnczs5tncpy7ynuk2qc84wn4Published at
2024-02-10 18:16:08Event JSON
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"content": "Cameco $CCO.TO took a dive after this. I read the results and earnings call transcript. \n\nI don't think the results were bad at all, they were good. I guess the thing that got people worried is their contractual obligations.\n\nhttps://www.cameco.com/media/news/cameco-reports-2023-fourth-quarter-results\n\nI don't think the results were bad at all, they were good. I guess the thing that got people worried is their contractual obligations.\n\nCameco $CCO.TO have obligations which made them have to buy uranium on the spot market in order to supply it to others. Not good when the price of the commodity has risen. This can continue in the future if they don't increase their production quite a bit.\n\nNot selling.\n\nLink to Earnings call transcript\n\nhttps://seekingalpha.com/article/4668643-cameco-corporation-ccj-q4-2023-earnings-call-transcript",
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