The article argues that Cameco may be a better buy than ExxonMobil, whose stock has surged over 47% since the start of the year as Brent crude stays above $100 per barrel, while Cameco's stock is down 11%. Exxon trades at 13.3 times forecast earnings, while Cameco's forward P/E is 45, though analysts project Exxon's earnings per share at around $13.23 this year, up 90% from last year. Cameco has contracts for roughly 28 million pounds of yellowcake per year and a large uncommitted volume for 2029 and 2030 that could help it lock in higher prices as uranium demand grows. Bank of America projects spot uranium could reach $130 per pound, and if prices stay near $100, Cameco's average realized price could rise to $80 from $67.79 in Q2, which the article says would lift earnings faster than analysts expect.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
oil pricesExxonMobilCamecouranium
Open a keyword to see other news on the same topic.
Related news
- ExxonMobil Hits a New All - Time High . Is It Too Late to Buy the Stock ?
ExxonMobil (NYSE:XOM) hit a new 52-week and all-time high, with its shares up close to 50% this year as oil prices rose on the war in Iran. Crude is around $100 a barrel, well above roughly $60 last year but below the more than $115 peak in 2022. The dividend yield has fallen to 2.3% because of the higher share price, though it remains more than twice the S&P 500 average of 1%. The article notes that the higher valuation and lower yield could limit future returns, while oil prices may keep rising if the war drags on.
- Better Oil Stock: Chevron (CVX) vs. ExxonMobil (XOM)
The article compares integrated oil majors Chevron (CVX) and ExxonMobil (XOM), whose stocks rose 45% and 58% respectively over the past 12 months as oil prices climbed. Chevron earns about 80% of its profit from upstream operations versus about 70% for ExxonMobil, which has a larger downstream and petrochemicals business. With Brent crude at $110 per barrel, well above breakeven prices of $50 for Chevron and $35 for ExxonMobil, the author argues Chevron's upstream focus suits oil spikes, while ExxonMobil's diversification helps when prices fall. Chevron offers a 3.2% forward yield versus 2.3%, and analysts expect its EPS to grow at a 26% CAGR from 2025 to 2028, compared with 20% for ExxonMobil. Both trade at 15 times next year's earnings, and the author prefers Chevron.
- Exxon Wants to Repeat Its Guyana Success in Trinidad. Should You Buy the Stock Now or Wait for the First Well?
ExxonMobil (XOM) is looking for its next major offshore oil discovery, and Trinidad and Tobago could be where it finds one. Its TTUD-1 exploration block covers about 7,165 square kilometers near Guyana, where Exxon and partners have found roughly 11 billion barrels of recoverable oil. Exxon sees Trinidad as a geological extension of Guyana, with a first drilling location expected by mid-2027 and an initial well potentially in late 2027 or early 2028, though there is no guarantee of comparable resources. In Q2 2026, Exxon reported $14.5 billion in earnings, $17.2 billion in free cash flow and $9.4 billion returned to shareholders, while Permian output hit a record 1.8 million oil-equivalent barrels per day. The author argues the existing business supports the investment case, so a Trinidad result would be an added benefit rather than the deciding factor.
- Cameco Stock Is Down 36% From Its All-Time High. Here's What Needs to Happen to Make It a Buy
Cameco (CCJ) shares are down nearly 26% over the past six months and 36% from their all-time high, even though uranium trades at prices rarely seen outside brief spikes. A weak second-quarter report drove the decline, with declines across all three segments, including uranium production falling to 3.9 million pounds due to spring road conditions and a temporary Cigar Lake suspension. Management nonetheless maintained full-year Westinghouse EBITDA guidance of $370 million to $430 million and uranium production guidance of 19.5 million to 21.5 million pounds, and raised its expected realized uranium price to CA$91 to CA$96 per pound. The author argues that 10.1 million pounds in the first six months and solid third-quarter results could restore confidence, while the upcoming Westinghouse IPO, in which Cameco holds 49%, could release value for shareholders.
- This Nuclear Stock Could Be Your Ticket to Millionaire Status -- and It Didn't Even Need to Build a Reactor First
The article highlights Centrus Energy (LEU), a producer of high-assay low-enriched uranium (HALEU) that small modular reactors need, which the company calls the only HALEU enricher in the Western World. Centrus reported a $4.5 billion backlog of LEU and HALEU sales commitments in an August investor presentation. With a $2.4 billion market cap, the author suggests the stock could grow tenfold to above $20 billion, compared with Cameco's $35 billion market cap, so a $10,000 investment could be worth a million dollars. The article also notes that it is impossible to say for sure whether the stock will flourish.
- Is Centrus Energy Stock a Millionaire Maker?
Centrus Energy is one of the few U.S. companies authorized to sell low-enriched uranium (LEU) and the only public U.S. company selling HALEU for next-generation reactors, making it a bellwether of the nuclear market. The company shut its domestic LEU enrichment plants 13 years ago but is now producing HALEU in the U.S. and restarting LEU operations in Ohio. It ended its latest quarter with a $4.5 billion backlog, 9.5 times its projected 2026 revenue, yet analysts expect revenue and net income to decline from 2025 to 2028 because the U.S. will fully ban Russian uranium imports by 2028, before Centrus's domestic LEU operations reach commercial scale. The stock trades at 40 times next year's earnings. The author expects Centrus will eventually overcome these challenges but doubts it will mint many new millionaires within the next few years.
Related markets
Latest news
- SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin
SoFi has launched SoFi Earn (SOFIE), which it calls the first national bank-issued tokenized deposit for consumers, with each token representing $1 held at SoFi Bank. Holders earn a 4.40% APY, and the funds are FDIC-insured up to applicable limits, unlike most stablecoins, while tokens can be converted one-to-one into SoFiUSD to buy crypto or move dollars on blockchain rails. Citing Federal Reserve research, SoFi says roughly $64 billion, about 21% of the stablecoin market, sits idle in forgotten or inactive wallets, and the product aims to keep that money earning. It is SoFi's fifth crypto product in under a year, following its late-2025 return to crypto trading with more than 40 tokens and the launch of SoFiUSD.
- Why Nvidia's new DSX POD could really benefit corporate America
Nvidia unveiled the DSX POD, a pre-built, pre-tested rack of chips that plugs into existing power and can get a data center running in as little as 14 days. The host says the 'AI factory in a shipping container' description is misleading, since the unit includes no building or power, and notes neoclouds often face a four-to-six-month gap between receiving chips and generating revenue. He argues the product may appeal more to corporate America, such as financial firms bringing data processing in-house and renting space for 20 racks, rather than relying on endless cloud bills.
- The UK needs a workable route to regulated DeFi access
Katie Harries, Coinbase's head of policy for Europe, argues that the FCA's proposed crypto rules could amount to a de facto ban on regulated firms providing access to DeFi. The FCA expects regulated platforms to execute customer orders only on FCA-authorized venues, but DeFi protocols have no authorized person behind them. The rules apply from October 2027, and the FCA is not writing DeFi-specific rules, applying the same standards as fully centralized trading. The author argues a ban would push activity beyond regulators' visibility, and that clear consumer information, firm responsibilities and customer consent before leaving a regulated platform would address the risks better. The article points to the EU, where ESMA has proposed allowing regulated firms to provide DeFi access, and the US, where the SEC granted an Innovation Exemption for peer-to-peer trading of tokenized stocks.
- SEEQC Demonstrates Quantum Error Correction Performance Gains with Industry First Digital Interface Optimized Decoder Architecture using NVIDIA Ising and NVQLink
SEEQC reported results from a simulated quantum processor showing that combining its chip-based pre-decoder with NVIDIA Ising, linked through SEEQC Digital Link and NVIDIA NVQLink, improved two key decoding metrics, latency and logical error rate, by approximately 50% compared with running NVIDIA Ising as a standalone pre-decoder. The company says these metrics dictate how well fault-tolerant quantum systems scale, and that specialized processing close to the QPU reduces the data sent to GPU-based classical compute. CEO John Levy said tight integration of quantum processors with HPC infrastructure will be key, while NVIDIA's Sam Stanwyck said open models and interfaces let quantum builders accelerate hardware with AI and GPUs. The next step is chip-to-chip integration of a quantum processor within advanced HPC infrastructure for quantum AI applications.
- Rockwell Automation Expands FactoryTalk Conductor with NVIDIA Nemotron Support
Rockwell Automation (NYSE: ROK) said its FactoryTalk Conductor AI orchestration platform now supports NVIDIA Nemotron open models, giving manufacturers more deployment options. The approach lets companies keep engineering and production data in their own environments and retain control over infrastructure, governance and cost, while still using Rockwell-verified agents and skills. The platform lets users start engineering tasks through natural language and points toward agent-driven workflows in which engineers remain responsible for oversight and critical decisions.
- Why Tesla shareholders should be 'a little bit nervous' about a SpaceX merger
Tesla and SpaceX have formed special committees to discuss a possible merger, which would be the largest in history, with SpaceX valued at about $2.2 trillion and Tesla at about $1.7 trillion. One speaker warns Tesla shareholders could swap into SpaceX at about 0.7 SpaceX shares per Tesla share before any premium, with Elon Musk holding about 82% of the vote, raising the question of whether Tesla would be folded in at a discount. Dave Nadig calls the committees theatrics given Musk's 79% voting control, and says the real concern is consolidating control in one person, which makes him skeptical the deal benefits shareholders, who are exposed through index funds regardless.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.