Miscellaneous
I thought I’d just cover a couple of items here.
Nuclear Indices
A Magnus Publius asked, in the comments, about other Indices that are easy to get that individuals could follow daily on their own. The Market Vectors Nuclear Energy ETF was specifically mentioned. There are several easily available Indices and/or ETFs that are being published and available via data vendors. The Market Vectors ETF is just one. They are all mostly new dating back only to last year and therefore only have a limited amount of historical data. They all have one other thing in common that makes them, in my view, not directly applicable for uranium stock investing. They all include a mixture of stocks from nuclear power plants, nuclear plant service companies, etc. A major portion of most of these Indices, including the Market Vectors ETF, may be classified as nuclear power plant indices rather than uranium stock indices. Uranium stocks make up only a minor (less than 50%) of their component stocks. At the present time I would not be comfortable analyzing any of these Indices due to their lack of applicability to uranium stocks. I almost would classify these Indices as power utility Indices.
There are a few other analysts who provide their own uranium indices. I have included two more of these in my Uranium Links. These are The Investar and The Up Trend. Sometimes it’s good to have a variety of information. If you should know of other uranium blogs or web sites that may be valuable please let me know. I’ll check them out and include those that look good.
WARNING
Please DO NOT include links in your comments. I DO NOT go to links and I strongly advise others that may be reading the comments to ignore links that others may include. I’m still somewhat unsophisticated and still do not know how to eliminate comments with links attached so you are being warned not to access any such links. Some may be okay but others may not. Why take the chance?
I thought I’d just cover a couple of items here.
Nuclear Indices
A Magnus Publius asked, in the comments, about other Indices that are easy to get that individuals could follow daily on their own. The Market Vectors Nuclear Energy ETF was specifically mentioned. There are several easily available Indices and/or ETFs that are being published and available via data vendors. The Market Vectors ETF is just one. They are all mostly new dating back only to last year and therefore only have a limited amount of historical data. They all have one other thing in common that makes them, in my view, not directly applicable for uranium stock investing. They all include a mixture of stocks from nuclear power plants, nuclear plant service companies, etc. A major portion of most of these Indices, including the Market Vectors ETF, may be classified as nuclear power plant indices rather than uranium stock indices. Uranium stocks make up only a minor (less than 50%) of their component stocks. At the present time I would not be comfortable analyzing any of these Indices due to their lack of applicability to uranium stocks. I almost would classify these Indices as power utility Indices.
There are a few other analysts who provide their own uranium indices. I have included two more of these in my Uranium Links. These are The Investar and The Up Trend. Sometimes it’s good to have a variety of information. If you should know of other uranium blogs or web sites that may be valuable please let me know. I’ll check them out and include those that look good.
WARNING
Please DO NOT include links in your comments. I DO NOT go to links and I strongly advise others that may be reading the comments to ignore links that others may include. I’m still somewhat unsophisticated and still do not know how to eliminate comments with links attached so you are being warned not to access any such links. Some may be okay but others may not. Why take the chance?
3 comments:
Hello Merv and fellow readers,
Yes, avoid the links. I clicked on one once and a browser opened, seemed to run a few functions, then closed.
Had to run anti-spyware and anti-virus screens and I don't know if it picked up what was installed or not.
Uranium Focused Energy Fund - UF.UN:TSX. A closed end mutual fund with 77% uranium stocks. Started trading in Apr 07. Its chart looks pretty close to Merv's index.
Uranium Focused Energy Fund
BHP Billiton, General Electric, Rio Tinto, SNC Lavolin and Major Drilling represent 26% of the asset value of the Fund. Not a good uranium stock focus. The Fund may be okay but one should understand what's in it and what could be. The management does not guarantee any specific % of assets in uranium stocks.
If my reading is correct the present price of the stock is trading at less than 90% of its total assets.
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