(URZ) Uranerz Energy Corporation, an exploration stage company, engages in the acquisition,exploitation, and development of uranium resources. The company principally focuses on the exploration of its properties in the Powder River Basin area of Wyoming, as well as owns interests in properties in the Great Divide Basin area of Wyoming, Texas and in Saskatchewan, Canada. Uranerz Energy Corporation has a strategic alliance with Black Range Minerals Limited. As of March 31, 2009, it owned 33,972 acres in the Powder River Basin area of Wyoming; and 90,210 acres in the Arkose Mining Venture properties. The company was formerly known as Carleton Ventures Corp. and changed its name to Uranerz Energy Corporation in July 2005. Uranerz Energy Corporation was founded in 1999 and is based in Casper, Wyoming.
URZ has a forecasted Earnings Growth Rate of 43.00%, and a PE of 15, its dirt cheap. I believe all energy stocks will benefit from QE2 and not a lot of hype on this group yet (Uranium Miners). Its severely undervalued, I picked some up a few days go, I look to add on any pullbacks be lucky to get it back at the 200wkMa.
I also have CCJ, USU and UEC in my Uranium Play basket. I believe this will play out for the next ten years see previous posts.
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