GEORDIE MARK, HAYWOOD SECURITIES
Posted on Sunday, March 8th, 2009 | In Energy Markets
Contributed by: The Energy Report (http://theenergyreport.com) -
- The UxC U308 spot price dropped US$1.25 on the week closing Monday at US$43.75, after dropping US$2 last week. The spot price had been recovering until about 10 weeks ago when the tide turned negative on very weak spot demand. U308 now sits below the Oct’08 low of US$44.
- The UxC U308 Long Term (LT) price remains solid at US$70.00 per pound of U308e, unchanged now for 18 weeks. The spread between Spot and LT U308e has spread further to US$26.25 this week. The LT price sits down 26% since January 2008.
- FIP (Fund Implied Price) decreased on the week, down ~6.9% or US$2.50 (TP), to close at ~US$33.96 per pound of U308e Tuesday. The FIP is now US$9.79 or 22.4% below the spot price, increasing the spread $1.25 or 14.6% this week.
Last 5 posts by The Energy Report
- Natural Gas - Energy Strategist 04/22/2009 - April 24th, 2009
- Casey's Daily Resource Plus 04/23/2009 - April 24th, 2009
- Greg Reid: Geothermal - The "Sleeping Giant" - April 16th, 2009
- George Topping: Sovereign Stockpiling Underway - April 2nd, 2009
- Keep your energy and resource stocks - March 8th, 2009
Streetwise - The Energy Report is Copyright © 2008 by Streetwise Inc. All rights are reserved. Streetwise Inc. hereby grants an unrestricted license to use or disseminate this copyrighted material only in whole (and always including this disclaimer), but never in part. The Energy Report does not render investment advice and does not endorse or recommend the business, products, services or securities of any company mentioned in this report.
From time to time, Streetwise Inc. directors, officers, employees or members of their families may have a long or short position in securities mentioned and may make purchases and/or sales of those securities in the open market or otherwise.
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.