SOURCE: The Bedford Report

The Bedford Report

September 20, 2011 08:16 ET

Long Term Prospects Bright for USEC and Cameco

The Bedford Report Provides Equity Research on USEC & Cameco

NEW YORK, NY--(Marketwire - Sep 20, 2011) - The uranium market has been one of high price sensitivity of late as spot supply and spot demand have been on low volumes. Analysts remain confident that the long term prospects remain bright, however, as China and the United States drive the future of nuclear energy. The Bedford Report examines the outlook for companies in the Uranium Sector and provides investment research on Cameco Corporation (NYSE: CCJ) (TSX: CCO) and USEC, Inc. (NYSE: USU). Access to the full company reports can be found at:

BMO Analyst, Edward Sterck, recently highlighted the reinforcement of positive sentiment from China as it prepares to announce that its safety review will allow it to continue to license new reactors. Last year China's long-term planning agency announced that by 2020 it intended to raise nuclear power's share of the country's total energy production to 112 gigawatts, or 7 percent, up from the previous target of 70 gigawatts. China's nuclear growth plan had come into question following the tragic earthquake and nuclear disaster in Japan earlier this year.

In the United States, Ohio's governor, John Kasich, urged President Barack Obama to include in his plan for creating U.S. jobs support for a uranium enrichment project in southern Ohio that has had difficulty securing a $2 billion federal loan guarantee that the developer says is necessary for construction to move ahead.

The Bedford Report releases stock research on the Uranium Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

USEC supplies uranium to commercial nuclear power plants in the United States and internationally. In 2009 the US Department of Energy rejected a $2 billion loan guarantee for Ohio's uranium enrichment project, with officials indicating they didn't believe it was ready to move forward. However they allowed the USEC to keep trying.

In other news, Hathor Exploration recently announced that its board unanimously recommended that its shareholders reject the C$520 million hostile takeover offer from Canada's No 1 uranium producer, Cameco Corporation. The Vancouver-based company hopes to show the market, and potential suitors, that it is being undervalued by Cameco.

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