BREwmaster said:

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lots of uranium chatter and setups on fintwit... $DNN

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What's driving the uranium craze?

Just want to give my two cents on this item so any investors on this page are informed. As someone that works in the US Nuclear Energy Sector, I can tell you that unless the government makes BIG changes, there will never be any new nuclear power plants built in the US. We can't even finish Vogtle (look up that disaster) which was supposed to usher in the new "nuclear renaissance". The regulations are extremely burdensome, the nuclear plants up north in the unregulated utility markets are struggling to turn a profit, all spent fuel from day 1 of operations is still stored on each site still waiting on the government to figure out what to do with it. Only two plants that I know of have been approved for a second license extension which is a very financially exhaustive process. Unless the government approves of a waste compository site like Yucca mountain, and helps fund new plant builds, reduce overwhelming operating and licensing regulations, and promote positive sentiment to the public about nuclear reactors, the nuclear energy sector is dying. Most plants were only designed for a 40 year operation, so unless they can limp them through an extended operating cycle, they will require major renovations. Small modular reactors are still very far away; the plan was to have each state/region have their own to produce electricity for their region but it simply costs too much. By the time they figure out what to do with nuclear fission on a smaller scale, nuclear fusion will be the next big thing in my opinion and make all the fission plants obsolete. There are too many obstacles from the US going to primarily nuclear despite what the internet may claim. If you want to see a country go full nuclear look at France and soon to be China. China is the only country building new plants. My company is in the process of decommissioning four plants right now which is almost half our nuclear fleet.

PS: nobody hates nuclear more than democrats.

Thundergon said:

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BREwmaster said:

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lots of uranium chatter and setups on fintwit... $DNN

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What's driving the uranium craze?

Just want to give my two cents on this item so any investors on this page are informed. As someone that works in the US Nuclear Energy Sector, I can tell you that unless the government makes BIG changes, there will never be any new nuclear power plants built in the US. We can't even finish Vogtle (look up that disaster) which was supposed to usher in the new "nuclear renaissance". The regulations are extremely burdensome, the nuclear plants up north in the unregulated utility markets are struggling to turn a profit, all spent fuel from day 1 of operations is still stored on each site still waiting on the government to figure out what to do with it. Only two plants that I know of have been approved for a second license extension which is a very financially exhaustive process. Unless the government approves of a waste compository site like Yucca mountain, and helps fund new plant builds, reduce overwhelming operating and licensing regulations, and promote positive sentiment to the public about nuclear reactors, the nuclear energy sector is dying. Most plants were only designed for a 40 year operation, so unless they can limp them through an extended operating cycle, they will require major renovations. Small modular reactors are still very far away; the plan was to have each state/region have their own to produce electricity for their region but it simply costs too much. By the time they figure out what to do with nuclear fission on a smaller scale, nuclear fusion will be the next big thing in my opinion and make all the fission plants obsolete. There are too many obstacles from the US going to primarily nuclear despite what the internet may claim. If you want to see a country go full nuclear look at France and soon to be China. China is the only country building new plants. My company is in the process of decommissioning four plants right now which is almost half our nuclear fleet.

PS: nobody hates nuclear more than democrats.

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What's driving the uranium craze?

https://www.energy.gov/ne/articles/building-uranium-reserve-first-step-preserving-us-nuclear-fuel-cycle

https://www.world-nuclear-news.org/Articles/USA-plans-revival-of-uranium-sector

https://www.powermag.com/honeywell-to-reopen-sole-u-s-uranium-conversion-plant/

The DOE under the Trump administration realized the countries uranium supply is totally ****ed and within the next couple decades would become totally dependent on imported uranium to keep going. That's fine except that it's a huge national security issue and we need unencumbered domestically produced uranium to keep our weapons arsenal afloat. It's such a significant issue that the Biden admin didn't axe it.

As for the pessimism about nuke power: you're 100% about the current operational fleet and any Gen 2/Gen 3/Gen 3+ design which we currently operate. But you're ignoring the entire SMR/Gen IV innovation going on that will make things more cost effective, the DOE is making sure the NuScale UAMPS project is going to happen by hell or high water, and they gave funding as part of the Advanced Reactor Demonstration Program (ARDP). X-Energy and Terrapower have the ability to make their designs happen.

https://www.powermag.com/nuscale-uamps-kick-off-idaho-smr-nuclear-plant-licensing/

https://www.energy.gov/ne/articles/us-department-energy-announces-160-million-first-awards-under-advanced-reactor

I share your pessimism about any light water reactor currently existing, the short term looks bleak. But the field is innovating and progressing behind the scenes. And, to be frank, by the time these technologies are deployable the reality of how messed up a renewable electric grid is, combined with continued regulation and tightening down on fracking/natural gas/coal driving up fossil generation costs Gen IV nuclear will be well poised to step in.

This doesn't even factor in the potential for emissions free hydrogen production from nuclear reactors which both the DOE and private industry are working on.

https://www.powermag.com/nuscale-smr-chosen-for-uk-wind-nuclear-hybrid/

https://inl.gov/article/xcel-energy-inl-hydrogen-production/

Thank you very much, that makes a lot of sense. I didn't even consider the weapons side of the issue. I would love to see the NuScale SMRs be a total success. I'm routing for them to pull through and be a huge milestone. If this country is serious about renewable energy and zero emission then nuclear has to be the backbone in my opinion because solar and wind won't cut it.

great points fellas. Hopefully I didn't start a nuclear war, lol. Yes pun intended. Now back to praying our power lasts through tonight. If not, lots of firewood will be burned!

How's everyone holding up? We lost power from about 6am to noon. Hopefully won't lose it again. Starting a pot of red beans and rice and enjoying a glass of Cab. Cheers to seeing our fruit stock hit $140 to $145 tomorrow

Thundergon said:

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Thank you very much, that makes a lot of sense. I didn't even consider the weapons side of the issue. I would love to see the NuScale SMRs be a total success. I'm routing for them to pull through and be a huge milestone. If this country is serious about renewable energy and zero emission then nuclear has to be the backbone in my opinion because solar and wind won't cut it.

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Some European countries (and unfortunately some US states) are going to learn the hard way by the late 2020s/early 2030s that an entirely renewable energy grid won't be able to guarantee affordable power 24/7/365. Especially if they transition the transportation sector from fossil to electric on top of the electric demand as it already is. If they truly want to be 100% carbon free they're going to have to embrace nuclear, specifically SMRs.

Anyway that's just my 2 cents as an optimistic young nuclear engineer, maybe I'll get the same in-the-face slap of reality that everyone else in the industry has experienced at one point or another.

On a side note, if your employer operates any BWRs I most likely worked with y'all during my masters research.

I don't know a single thing about nuclear but what I do know is PWestAg18 and Thundergon are talking about things waaaaay above my pay grade.

Y'all just tell me what and where so I can get out of the way.

Sorry my derail is over. Now you know how I feel 99% of the time trying to catch up with all the action on this thread.

PWestAg18 said:

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Sorry my derail is over. Now you know how I feel 99% of the time trying to catch up with all the action on this thread.

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Oh no y'all carry on! I enjoy the reading and learning about things I'm a window licker about. You guys are sharpening me for sure.

FJ43 said:

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I don't know a single thing about nuclear but what I do know is PWestAg18 and Thundergon are talking about things waaaaay above my pay grade.

Y'all just tell me what and where so I can get out of the way.

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We were getting tired of all the oil and gas guys having all the fun so we needed a minute, won't happen again.

VEON

Slightly different chart view for you guys. This has the Daily Squeeze added in.

My thoughts which maybe worth a nickel here....

• If going to stay with the ascending channel it is forcing itself into a very tight wedge here and into cup completion/handle breakout.
• Support with 6.5 volume spike when 50 & 200 day EMA came together aligning with the long term channel.
• $1.72 looks to be new support level.
• $1.85 (maybe $1.82ish) is cup completion back to July , 2020. You can see it has pinged off that level here 2 times in past several weeks.
• Squeeze looks like it is about start getting tighter and may be about to break long here. May take 7-10 days yet to pick a direction if all above stays intact.
• Approx. $2.00 is Model T back to Feb 20.
• After here $2.65 (gap fill) and $3.12.