(stock #s in %)
Market down 0/5/4. Volume normal. Oil: WTI down under $92, Brent down under $103. NG up to $4.26.
VNDB up 100 on 66M. LEOM up 33 on 12K, jolt over 50-day lines. MMMW up 27, 200K shs, surge over all lines. CLNT up 21 on 3.3M, jump over all lines, ended up on top 200. (Can a China comp be trusted?) ZAAP up 19, looks like turn around in off top lines, 77K shares. IFXY up 17 on 53K. Over 50's from flatline. GWBU up 16 on 203K. Coming off flatline. PSON up 15, 1.6M shs, may be real not pump and dump, 2-day jump off 50s. CHGI up 15 on 21K. INIS up 13 on 7.5. Still under lines. EVSI up 12 on 35K, bottoming within lines? NTCXF up 11 more on 67K, 2-day 33% rise back to bottom line. DSTI, MGLT, QTMM, NGLPD up 10. NENE, LEDS, HIIT up 4. PANL up 3, crossed over 200s. RVLT up 2, consolidating top with 500K traded.
SLMU down 47 on 16K. BLQN down 28 on 500. ENSL down 24. ECOS down 18 on 7.8M. CSKH, ORYN, HOKU down 16. SENY down 13 on 128K. Double bottom from Aug? BSRC, CGYV down 12 on nominal volume. EWRL, NFEC, SPIR down 11 on even more nominal volume. FCSMF down 10 on 79K. XSNX down 3. CERP down 1.
Happy weekend trails. Vaya con Dios. Onward and upward pards. Carry forth. And if you can't carry forth carry on.
Friday, April 12, 2013
STUFF
Russia bypassing hybrids for now, going for NG vehicles. Buses already running on NG. Cost ~$2/gal less than gas in Russia. Many cars already running on NG with conversion kits that sell for under $1K. In US, regulations-certified kits available for ~40 models at $12-18K. (Quite a disparity there.)
Nominee to Congress: EPA to consider revising GHG emissions standards for new power plants, create separate standards for coal, NG.
Report: last year's Great Plains summer drought not caused by climate change. (What was it? El Nino, El Nina? Jet Stream? Arctic melt? China pollution? ND flaring? Lack of prayer? All of the above?)
Study: fossil fuel subsidies undermine intl climate finance.
Congress report challenges viability of FutureGen.
"Sandy" retired from hurricane name list.
Arundo (giant reed) better than switchgrass for biomass power gen. Regulatory hurdles. Enviros say it's "out of control" invasive species. As biofuel/biomass, it can lower GHGs up to 80%. Can produce 20 dry tons biomass per acre, switchgrass up to 8 tons/acre. Arundo already recognized biofuel feedstock in Europe. Beta Renewables operates 20M gal/y ethanol plant in Italy using Arundo, wheat straw. Uses enzymatic hydrolysis fermentation with patented microorganism. They want to put similar plant in NC. NC Ag Dept decided against putting Arundo on noxious weed list. Still waiting for RIN from EPA. After getting sugars out of Arundo for biofuel, up to 60% of reed leftover for biomass power gen. Gives over 20% more BTU than coal. Can be grown on contaminated soils without herbicides or pesticides with minimum fertilizer. Lives ~15 yrs. (What is EPA waiting for?)
San Antonio utility - CPS Energy - to discontinue net metering for fixed payment per clean energy Kwh produced determined annually. Retail grid Kwh 9.9 cents. PV solar Kwh gets 5.6 cents.
Geothermal energy world capacity expected to more than double by '30. Est. to reach 28Gw in 62 markets. Now 11.4Gw in 25 marts. Indonesia cap est. to more than triple to 5.6Gw, become world's largest mart. US largest mart in '12 at ~3Gw. (I thought Iceland was geo king.)
BioAmber $128M IPO. 8M shares at $15-17. BIOA on NYSE. Makes bio succinic acid for auto plastics. $80M plant online in '14.
New EU 7.5M Euro project to explore conversion of different waste streams to products like bioplastics.
Repsol (Spain) made 2nd major NG discovery in SEast Algeria.
DOE unveiled new tech to make US oil sands, heavy oil economically viable for refining. Est. US heavy oil ~104B bls in place. Too viscous to flow through pipe, too contaminated with sulphur, heavy metals to be refined. New tech uses alkali metals to extract them. Much cheaper than saturating oil with H. Green River Basin shale resources est. at over 1T bls. (I bet an oil guy named that river.)
Portugal generated 70% of its el from clean/ren sources in 1Q13. Hydropower capacity up 312% in last yr, now 37% of total elgen. Wind cap rose 60%, now 27% of total. Coal elgen down 29%, NG down 44%.
Saudi state utility plans to spend $80B next 10 yrs to help meet rising el demand and keep oil exported instead of burned in country. To increase elgen cap 76% to 95Gw. Adding 4Gw this yr, 8 in '14. 41Gw solar by '32. 25Gw CSP, 16 PV. ~$109B.
Shell, Mitsubishi (Basra Gas) to start capturing NG from Iraq oil fields. Country flares off up to 1BCF/d. $17B project. To start producing ~400MCF/d next week. Should get to 2BCF by '17. Will use NG for elgen, exports.
Climate change seen leaving Arctic ice-free in summers by '50.
Photovolt (Germany) to build 400Mw solar plant on Japan island for Tera Sol (Japan). $905M-$1.1B. Includes cost of undersea cable. Construction start 2H13.
Tepco facing decision to dump radioactive water into Pacific. Contaminated water increases by 400 tons/d. And rainy season coming again. Plan to have 450K tons of storage tank cap by October, 700K by mid-'15. They have to stop underground water from pouring into basements. (Are they going to stop eating fish if they do dump? Are we? Oy.)
Cal added BPA to toxics list.
Nominee to Congress: EPA to consider revising GHG emissions standards for new power plants, create separate standards for coal, NG.
Report: last year's Great Plains summer drought not caused by climate change. (What was it? El Nino, El Nina? Jet Stream? Arctic melt? China pollution? ND flaring? Lack of prayer? All of the above?)
Study: fossil fuel subsidies undermine intl climate finance.
Congress report challenges viability of FutureGen.
"Sandy" retired from hurricane name list.
Arundo (giant reed) better than switchgrass for biomass power gen. Regulatory hurdles. Enviros say it's "out of control" invasive species. As biofuel/biomass, it can lower GHGs up to 80%. Can produce 20 dry tons biomass per acre, switchgrass up to 8 tons/acre. Arundo already recognized biofuel feedstock in Europe. Beta Renewables operates 20M gal/y ethanol plant in Italy using Arundo, wheat straw. Uses enzymatic hydrolysis fermentation with patented microorganism. They want to put similar plant in NC. NC Ag Dept decided against putting Arundo on noxious weed list. Still waiting for RIN from EPA. After getting sugars out of Arundo for biofuel, up to 60% of reed leftover for biomass power gen. Gives over 20% more BTU than coal. Can be grown on contaminated soils without herbicides or pesticides with minimum fertilizer. Lives ~15 yrs. (What is EPA waiting for?)
San Antonio utility - CPS Energy - to discontinue net metering for fixed payment per clean energy Kwh produced determined annually. Retail grid Kwh 9.9 cents. PV solar Kwh gets 5.6 cents.
Geothermal energy world capacity expected to more than double by '30. Est. to reach 28Gw in 62 markets. Now 11.4Gw in 25 marts. Indonesia cap est. to more than triple to 5.6Gw, become world's largest mart. US largest mart in '12 at ~3Gw. (I thought Iceland was geo king.)
BioAmber $128M IPO. 8M shares at $15-17. BIOA on NYSE. Makes bio succinic acid for auto plastics. $80M plant online in '14.
New EU 7.5M Euro project to explore conversion of different waste streams to products like bioplastics.
Repsol (Spain) made 2nd major NG discovery in SEast Algeria.
DOE unveiled new tech to make US oil sands, heavy oil economically viable for refining. Est. US heavy oil ~104B bls in place. Too viscous to flow through pipe, too contaminated with sulphur, heavy metals to be refined. New tech uses alkali metals to extract them. Much cheaper than saturating oil with H. Green River Basin shale resources est. at over 1T bls. (I bet an oil guy named that river.)
Portugal generated 70% of its el from clean/ren sources in 1Q13. Hydropower capacity up 312% in last yr, now 37% of total elgen. Wind cap rose 60%, now 27% of total. Coal elgen down 29%, NG down 44%.
Saudi state utility plans to spend $80B next 10 yrs to help meet rising el demand and keep oil exported instead of burned in country. To increase elgen cap 76% to 95Gw. Adding 4Gw this yr, 8 in '14. 41Gw solar by '32. 25Gw CSP, 16 PV. ~$109B.
Shell, Mitsubishi (Basra Gas) to start capturing NG from Iraq oil fields. Country flares off up to 1BCF/d. $17B project. To start producing ~400MCF/d next week. Should get to 2BCF by '17. Will use NG for elgen, exports.
Climate change seen leaving Arctic ice-free in summers by '50.
Photovolt (Germany) to build 400Mw solar plant on Japan island for Tera Sol (Japan). $905M-$1.1B. Includes cost of undersea cable. Construction start 2H13.
Tepco facing decision to dump radioactive water into Pacific. Contaminated water increases by 400 tons/d. And rainy season coming again. Plan to have 450K tons of storage tank cap by October, 700K by mid-'15. They have to stop underground water from pouring into basements. (Are they going to stop eating fish if they do dump? Are we? Oy.)
Cal added BPA to toxics list.
FRIDAY OPEN
(stock #s in %)
Market down 63/25/12. Volume normal. Oil: WTI down under $91, Brent down under $102. NG up to $4.20. March US retail sales down most in 9 months.
VNDB up 100. WTWO up 50. CLNT up 35. MMMW up 29. PSON, DSTI up 13. ZAAP up 11. MGLT, QTMM, NGLPD up 10. NENE up 5. NTCXF, LEDS up 4.
ENSL down 24. DYAI down 13. BSRC down 10. PSPW down 8. CSUN down 4 after reporting another loss. CERP down 2.
Market down 63/25/12. Volume normal. Oil: WTI down under $91, Brent down under $102. NG up to $4.20. March US retail sales down most in 9 months.
VNDB up 100. WTWO up 50. CLNT up 35. MMMW up 29. PSON, DSTI up 13. ZAAP up 11. MGLT, QTMM, NGLPD up 10. NENE up 5. NTCXF, LEDS up 4.
ENSL down 24. DYAI down 13. BSRC down 10. PSPW down 8. CSUN down 4 after reporting another loss. CERP down 2.
Thursday, April 11, 2013
THURSDAY CLOSE
(stock #s in %)
Market up 62/2/5. A little skewed to Dow. Volume a little higher. Oil: WTI under $94, Brent over $104. NG $4.14. IMF trimmed US growth outlook. Brazil's olympic stadia substandard, overbudget. Oops.
SLMU up 90 on 20K. Turning up? NGLPD up 66 on 81. Back to 50-day lines. CLNT up 39 on 94 after reporting. BOPO up 23 on 65. Off bottom. NPWZ up 21. NTCXF up 18 on that news. 96K volume. Called it yesterday. Bottoming? AQNM up 16 on 614 shares. Come on. ECAU up 12. CRGE up 12. BBLU up 10, jump over top lines. ABAT up 10, jump back from yesterday to bottom lines. HIIT up 6. CERE, CSUN up 5, reporting before open. CERP up 5. FSLR, NENE, XSNX up 2.
VNDB down 50 on 269M shs. CPWY down 50 on 10K. WTWO down 33. ENSL down 26. MMMW down 21 on 7K. CABN down 20. ASIUF down 19. LEDS down 17, back to top 50. DSTI down 16 on news. New low. Maybe buyville. PSPW down 15, holding 2nd bottom. AMPD, HOKU, AMLM down 14. CHGI down 13. INIS down 12. CREG, ENZR down 10. OOIL down 9.
Market up 62/2/5. A little skewed to Dow. Volume a little higher. Oil: WTI under $94, Brent over $104. NG $4.14. IMF trimmed US growth outlook. Brazil's olympic stadia substandard, overbudget. Oops.
SLMU up 90 on 20K. Turning up? NGLPD up 66 on 81. Back to 50-day lines. CLNT up 39 on 94 after reporting. BOPO up 23 on 65. Off bottom. NPWZ up 21. NTCXF up 18 on that news. 96K volume. Called it yesterday. Bottoming? AQNM up 16 on 614 shares. Come on. ECAU up 12. CRGE up 12. BBLU up 10, jump over top lines. ABAT up 10, jump back from yesterday to bottom lines. HIIT up 6. CERE, CSUN up 5, reporting before open. CERP up 5. FSLR, NENE, XSNX up 2.
VNDB down 50 on 269M shs. CPWY down 50 on 10K. WTWO down 33. ENSL down 26. MMMW down 21 on 7K. CABN down 20. ASIUF down 19. LEDS down 17, back to top 50. DSTI down 16 on news. New low. Maybe buyville. PSPW down 15, holding 2nd bottom. AMPD, HOKU, AMLM down 14. CHGI down 13. INIS down 12. CREG, ENZR down 10. OOIL down 9.
STUFF
PNNL Lab to test using solar to increase energy content of NG 20%. $4.5M project funded from stimulus. Sunlight, catalyst change NG and water into CO and H. Synthesis gas. Only now with solar.
Genel Energy (headed by Tony "I want my life back" Hayward) made significant oil find in Kurdistan Iraq. Est. 300M bls. Genel 60% stake. They're already largest producer in Kurd-I. Avg ~45Kb/d last yr. Could be much higher with pipelines. Genel also exploring Somaliland, Malta, Morocco, Ivory Coast.
Alaska officials attacking DOI over Conoco canceling Arctic plans for '14 for "regulatory uncertainty".
3 TX bills to try tackling water use in fracking.
Report: "stark lack of clarity" on Cal fracking regs.
Study: fracking rarely causes earthquakes.
Monterey Shale (Cal) may not be fracked. Yet. Formation - 1,750 sq mi - disjointed from earthquakes. Too unpredictable to make fracking economic without advance in tech.
Sandia Lab developing better monitoring, diagnostics to tackle algae pond crash prob. Algae prone to attack from fungi, rotifers, viruses, other.
2 bills to improve conditions for hydropower development passed US House with great majorities.
Energy efficient motors, super-insulated and electrochromic windows, solar day lighting, LEDs, higher-insulated bldgs, combined heat and power (waste heat) could save or meet over 20% of US energy needs. Solar heating and cooling, geo heat pumps, wood pellets and biofuels, trombe walls and other passive solar bldg features could add at least 10% more.
Goldman Sachs: US crude production not increasing as fast as expected. Up 30Kb/d last week to 7.18M. US gasoline prices 33 cents/gal lower than last year at this time.
El Nino creates windshear that tears up Atlantic hurricanes. Predicted not as strong this year as in past.
US NG stocks below 5-yr avg for time of yr. 32% under '12.
OPEC, EIA lowered forecasts for oil consumption growth for '13 and '14. EIA: 1Mb/d this yr, 1.3M next.
Versalis and Genomatica (both in Italy) forming JV to develop batadiene from non-food biomass. Will license process across Europe, Asia, Africa. $20M funding to Geno to develop process.
65M gal/y ethanol facility in ND expected construction start this summer. Late '14 finish. To use 23B bushels corn/y. (Bushel of corn, anyone? That's over 3 bushels for every person on Earth. Seen price of ear of corn in stores lately? A starch, anyway. Can live without.) $1.4B fertilizer plant to be co-located, online '16.
UC Davis found several compounds to boost algae oil production up to 85%. Compounds found in green tea, food preservative. Screened 83 compounds. After oil extracted, algae can be processed for animal feed, other.
Petrojam (Jamaica) to dehydrate 32M gal of ethanol this yr, but at a loss. (Jommin, mon.)
Brazil govt setting up new purchase option feature for biodiesel stocks. Buyers (Petrobras) can contract right to take product when needed. Plants required to conclude biz at agreed price.
France has banned oil fracking. But now planning to OK geothermal fracking. Slight differences. Oil industry: "wait just a minute".
Australia looks to raise LNG production by ~30%.
World NG consumption over 100TCF in '09. ~20% global energy production. N Am, Europe, Eurasia ~67% of consumption. Est. to rise to 156TCF by '35.
Microbes to increase oil recovery from old wells. 60-70% of oil remains in old wells (drilling stopped when pressure failed to bring oil to surface). Microbes can get 10% more. Low capital investment, low operating costs, low enviro impact. $10B worth of oil in US, $165B worldwide.
Exxon ordered to pay $286M to New Hampshire for contaminating groundwater with MTBE.
DC's Union Station now 100% wind powered from Washington Gas Energy Services. 3-yr contract.
Bright Source Energy suspended ap to build $2.7B solar thermal plant in Cal. "Need to redesign ... delay will lead to financial uncertainty." Considering adding energy storage to 500Mw plant. Would trigger more engineering, enviro analyses. "Changing dynamics in Cal energy marts."
End of '16, Fed solar energy PTC falls to 10% from 30% now.
N Am Development Bank, Sun Ed closed $35M loan for 16Mw solar park at Davis-Monthan AFB (AZ). MEMC solar modules. Single-axis tracking. Online late this yr. 144 acres. 9 acres/Mw.
Uzbekistan to modernize 2 hydropower plants. $166M. 30Mw elgen increase. $100M finance from Islamic Development Bank. Uzbek power system 12.4Gw. 10 major power plants.
Suez (France) unit to build $216M waste-to-energy plant in England after yrs of local fight. 240K tons of waste/yr. 16Mw. Online '16. Europe Investment Bank, others finance.
Half of last 8 summers in cold regions - 45-85 latitude - have been warmest since 1400: Harvard study. '05, '07, '10, '11 hottest. Avg temps last 20 yrs in those regions rose 2 Farenheit.
Duke bought 2 Solarworld (Germany) Cal solar projects. 21Mw to be combined. S Cal Ed 2-yr PPA. Duke's largest solar farm.
NRC staff: no danger to restart San Onofre (Cal nuke).
Appeals court orders NM gov's panel to reconsider efficiency standards.
Fukushima tanks sprung another leak.
Onward and upward, pards.
Genel Energy (headed by Tony "I want my life back" Hayward) made significant oil find in Kurdistan Iraq. Est. 300M bls. Genel 60% stake. They're already largest producer in Kurd-I. Avg ~45Kb/d last yr. Could be much higher with pipelines. Genel also exploring Somaliland, Malta, Morocco, Ivory Coast.
Alaska officials attacking DOI over Conoco canceling Arctic plans for '14 for "regulatory uncertainty".
3 TX bills to try tackling water use in fracking.
Report: "stark lack of clarity" on Cal fracking regs.
Study: fracking rarely causes earthquakes.
Monterey Shale (Cal) may not be fracked. Yet. Formation - 1,750 sq mi - disjointed from earthquakes. Too unpredictable to make fracking economic without advance in tech.
Sandia Lab developing better monitoring, diagnostics to tackle algae pond crash prob. Algae prone to attack from fungi, rotifers, viruses, other.
2 bills to improve conditions for hydropower development passed US House with great majorities.
Energy efficient motors, super-insulated and electrochromic windows, solar day lighting, LEDs, higher-insulated bldgs, combined heat and power (waste heat) could save or meet over 20% of US energy needs. Solar heating and cooling, geo heat pumps, wood pellets and biofuels, trombe walls and other passive solar bldg features could add at least 10% more.
Goldman Sachs: US crude production not increasing as fast as expected. Up 30Kb/d last week to 7.18M. US gasoline prices 33 cents/gal lower than last year at this time.
El Nino creates windshear that tears up Atlantic hurricanes. Predicted not as strong this year as in past.
US NG stocks below 5-yr avg for time of yr. 32% under '12.
OPEC, EIA lowered forecasts for oil consumption growth for '13 and '14. EIA: 1Mb/d this yr, 1.3M next.
Versalis and Genomatica (both in Italy) forming JV to develop batadiene from non-food biomass. Will license process across Europe, Asia, Africa. $20M funding to Geno to develop process.
65M gal/y ethanol facility in ND expected construction start this summer. Late '14 finish. To use 23B bushels corn/y. (Bushel of corn, anyone? That's over 3 bushels for every person on Earth. Seen price of ear of corn in stores lately? A starch, anyway. Can live without.) $1.4B fertilizer plant to be co-located, online '16.
UC Davis found several compounds to boost algae oil production up to 85%. Compounds found in green tea, food preservative. Screened 83 compounds. After oil extracted, algae can be processed for animal feed, other.
Petrojam (Jamaica) to dehydrate 32M gal of ethanol this yr, but at a loss. (Jommin, mon.)
Brazil govt setting up new purchase option feature for biodiesel stocks. Buyers (Petrobras) can contract right to take product when needed. Plants required to conclude biz at agreed price.
France has banned oil fracking. But now planning to OK geothermal fracking. Slight differences. Oil industry: "wait just a minute".
Australia looks to raise LNG production by ~30%.
World NG consumption over 100TCF in '09. ~20% global energy production. N Am, Europe, Eurasia ~67% of consumption. Est. to rise to 156TCF by '35.
Microbes to increase oil recovery from old wells. 60-70% of oil remains in old wells (drilling stopped when pressure failed to bring oil to surface). Microbes can get 10% more. Low capital investment, low operating costs, low enviro impact. $10B worth of oil in US, $165B worldwide.
Exxon ordered to pay $286M to New Hampshire for contaminating groundwater with MTBE.
DC's Union Station now 100% wind powered from Washington Gas Energy Services. 3-yr contract.
Bright Source Energy suspended ap to build $2.7B solar thermal plant in Cal. "Need to redesign ... delay will lead to financial uncertainty." Considering adding energy storage to 500Mw plant. Would trigger more engineering, enviro analyses. "Changing dynamics in Cal energy marts."
End of '16, Fed solar energy PTC falls to 10% from 30% now.
N Am Development Bank, Sun Ed closed $35M loan for 16Mw solar park at Davis-Monthan AFB (AZ). MEMC solar modules. Single-axis tracking. Online late this yr. 144 acres. 9 acres/Mw.
Uzbekistan to modernize 2 hydropower plants. $166M. 30Mw elgen increase. $100M finance from Islamic Development Bank. Uzbek power system 12.4Gw. 10 major power plants.
Suez (France) unit to build $216M waste-to-energy plant in England after yrs of local fight. 240K tons of waste/yr. 16Mw. Online '16. Europe Investment Bank, others finance.
Half of last 8 summers in cold regions - 45-85 latitude - have been warmest since 1400: Harvard study. '05, '07, '10, '11 hottest. Avg temps last 20 yrs in those regions rose 2 Farenheit.
Duke bought 2 Solarworld (Germany) Cal solar projects. 21Mw to be combined. S Cal Ed 2-yr PPA. Duke's largest solar farm.
NRC staff: no danger to restart San Onofre (Cal nuke).
Appeals court orders NM gov's panel to reconsider efficiency standards.
Fukushima tanks sprung another leak.
Onward and upward, pards.
THURSDAY OPEN
(stock #s in %)
Market up 49/1/5. Volume a little heavy. Oil: WTI over $94, Brent over $105. NG $4.07.
ZAAP up 20, bounce off top lines (50-day and 200). CSGH, GWBU up 18. ECAU up 14 on acquisition news. NTCXF up 13 on research and marketing news, mentioned yesterday as "buyville". CSKH up 11. NENE up 10, leap off top lines. XSNX up 6, back to bottom (50) lines. AMRS up 5 on news, trading in 3 bottom lines. HIIT up 5, near top, up near 10x since July. RVLT up 3 more, passed top close. CERP up 2.
ENSL down 41. WTWO down 33 again. PSPW down 26, bottoming maybe. ASIUF down 20. HOKU down 14, back to 3 bottom lines. SOPW down 13, bottom. CHGI down 12. LEDS down 11, rejected by bottom 200. PSON down 9. The new pump and dump getting dumped, looks, coming back toward 50s (no 200s yet).
Market up 49/1/5. Volume a little heavy. Oil: WTI over $94, Brent over $105. NG $4.07.
ZAAP up 20, bounce off top lines (50-day and 200). CSGH, GWBU up 18. ECAU up 14 on acquisition news. NTCXF up 13 on research and marketing news, mentioned yesterday as "buyville". CSKH up 11. NENE up 10, leap off top lines. XSNX up 6, back to bottom (50) lines. AMRS up 5 on news, trading in 3 bottom lines. HIIT up 5, near top, up near 10x since July. RVLT up 3 more, passed top close. CERP up 2.
ENSL down 41. WTWO down 33 again. PSPW down 26, bottoming maybe. ASIUF down 20. HOKU down 14, back to 3 bottom lines. SOPW down 13, bottom. CHGI down 12. LEDS down 11, rejected by bottom 200. PSON down 9. The new pump and dump getting dumped, looks, coming back toward 50s (no 200s yet).
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