Wednesday, October 1, 2008

Indo-nucelar deal - Investing into nuclear power

1) Senate debates US-India nuclear deal-
http://ap.google.com/article/ALeqM5hjHnPz7XX0WpdjPiswhHLvaXj0pAD93HPTU83

2) Lots of developing asian countries are in need of energy. India is going to need massive amount of energy in next few years. Currently power outage is common in India except for major cities.
From,
India has power shortage of 73,050 million units
India, Asia's third largest economy, faced a power deficit of 73,050 million units between April 2007 and March 2008, an internal official audit says.

3) I strongly believe US senate will pass this historical bill - amid all the frenzy of financial bailout, understandably, this "controversial" deal is not getting the press it deserves.

4) This is going to be multi-billion dollar business.
From France Embraces Nuclear Cooperation With India
French energy firm Areva said Monday it hopes to profit from the nuclear pact by supplying the Asian giant with two of the latest design of reactors.
http://finance.yahoo.com/q?s=ARVCF.PK
http://moneycentral.msn.com/detail/stock_quote?Symbol=US%3AARVCF

5) I haven't found other companies that will profit from this but I will update when I find more information.

2 comments:

Bluedog said...

I think CCJ is the best nuclear play. World's largest supplier of uranium. I've owned it in the past, as well as USU (Usec, the only uranium enricher in the US, and a huge supplier to the world).

BD

MatchPointTrader said...

CCJ sounds attractive at this price. I just read your earlier post on ccj. If only I had more money...there are so many good opportunities!