Heading into this previous week, uranium miner
Cameco
was that uncommon inventory out there: It had posted a double-digit achieve in 2022. One deal made these positive aspects disappear—and created a shopping for alternative.
At first look, there didn’t appear to be all that a lot that was controversial in regards to the three way partnership Cameco (ticker: CCJ) introduced this previous Tuesday. Along with
Brookfield Renewable Partners
(BEP), Cameco agreed to purchase Westinghouse Electric, a servicer to nuclear energy crops, for $7.88 billion, together with debt. Cameco will personal 49% of the three way partnership as soon as the deal is accomplished.