This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cameco Management Presents At Bank Of America Merrill Lynch 2012 Global Metals, Mining & Steel Conference (Transcript)

I am now -- at this point, I must pass along a – of course, you have seen this on every presentation, our friendly reminder that information in this presentation will be forward-looking, some of it. It’s based on a number of assumptions, and that actual results could differ materially. Please refer to our annual information form and the MD&A for factors that could cause these different results and the assumptions that we have made.

Before I get into the specifics of Cameco, I’d like to start by looking at the uranium market and the energy market which drives our business. It’s -- I know, as Oscar said top-of-mind for you, given the changes in the market in the past -- the last few years or so.

I think it’s important to start by looking at the big picture for nuclear. And the big picture for nuclear is that it’s a very long-term picture. This is a long-term industry, and the fundamentals that drive it have not changed that much over the years. Some 50 years ago, to provide some background, utilities started to use nuclear reactors to power their grids because they needed safe, clean, reliable, and affordable energy, and they needed more of it. That need has not diminished over the years, and has in fact increased in recent years as more focus has been put on reducing greenhouse gas emissions and ensuring energy security.

An even bigger contributor to this need is the world demand for energy in general. Since the 1980s, global electricity consumption has tripled, and it is forecast to almost double again over the next two decades. Understandably, the largest growth is coming from countries with rapidly expanding economies. And to put this into perspective, some – there’s seven billion people on the planet roughly. Of that two billion do not have access to electricity, and more who have access to only a fraction of the electricity that we use here in the western world, and they are demanding more.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs