Monday, June 24, 2013

MONDAY OPEN

(stock #s in %)

Market down 202/50/25. Volume slightly heavy. Oil: WTI under $94, Brent ~$100. NG $3.79. People's Bank of China warns on no help in case of liquidity crisis. China entered bear market.

LMRMF up 34. LEOM up 23. IFXY up 20. GERS up 11. CERP up 4. RVLT, PSON up 2. FSLR up 1 on upgrade.

XIDEQ down 27. CRCL down 28. CSKH down 23. EWRL down 21. SZYM down 16 on news, back to top (50-day) lines. HYGS, LSCG down 14, HYGS back to top (50) line. XSNX, BYDDF down 11, BYDDF under 50s, back to top 200-day line (the China Bank thingy). ECTY down 11, under 50s. LEDS down 10, under top 200, at 50s. CABN, LYSDY, DSTI down 10. CERE down 8, back to top (bottom) 50. WSGP down 7. NENE down 2.

Saturday, June 22, 2013

FRIDAY CLOSE

(stock #s in %)

Dow up 41, Naz down 7, S&P up 4. Naz volume over 2x normal - options Friday.

BHWX up 166. VSPC up 27, back over bottom (200-day) lines. BFRE up 22. BSRC up 21, back over bottom (50-day) lines. PRHL up 18, over bottom (50-day) lines. CPWY up 16. PSON, EWRL up 15. GWBU up 14. LSCG up 13. CRCL up 11. CGYV, EVSI, QTMM, STRI up 10. ECTY, LEDS up 3.

WTWO down 50. ASIUF down 33. SOPW down 25. VLNCQ down 24. XIDE down 20. LEOM, LMRMF down 19. CHGI, NPWZ down 13. CLNT, CSGH, LEXG,ORYN down 12. HIIT, AMTX, MKTY, USEI down 10. RVLT down 7. CERP, NTCXF, XSNX down 4. NENE down 3.

Friday, June 21, 2013

STUFF

FERC criticized by senator for rejecting proposal that would have made it voluntary for utilities in Pacific NW to pay for regional transmission projects.

NRC study: energy tax provisions have little real effect on GHG emissions.

DOE launched facility for testing utility-scale grid integration for intermittent clean energy.

Tesla (TSLA) offering option of 90-second batt swap for S.

NOAA: May tied for 3rd warmest in recorded world history.

Drought shifting to 4 Corners region in US.

Chinese city to cut pollution by limiting vehicle sales.

EPA abandoned investigation of groundwater contamination near oil/gas ops in WY. '11 draft report linked fracking to contaminated groundwater. State will carry on investigation with help of $1.5M grant from comp accused of contamination.

IEA: NG still "stubbornly resistant to globalization".

USGS finding natural methane in PA water.

IEA official urging efficiency push in energy sectors. (Just start with flaring.)

Alberta suffered 3 oil pipeline spills already in June.

Report: adjusting US fed oil/gas royalty rates to mirror state rates would raise millions.

Israel unveiled NG export policy.

Wind, solar capacity up 125% in Ukraine 1st 4 months this year. Solar FIT 2x last year's. Solar generation up 11x in '12 v. '11. Solar capacity 470Mw, 70 added this year. Wind capacity 350Mw, up 50Mw this year. Small hydropower capacity in '12 rose from 2.7Mw to 73. 780Gwh from clean energy in '12, .4% of country's energy mix.

Geothermal Power Tanzania investing up to $350M for country's 1st geothermal plant, up to 140Mw, by '18. Rift Valley fault. Country wants to wean off hydropower dependence with looming droughts from climate change.

Indonesia started $300M fund to back geothermal power exploration. Country now has 1.3Gw of geo capacity. Potential for 29Gw.

Danish pension fund pledged to invest $200M in Cape Wind (US) project conditional on obtaining full finance, begin build by year end.

IL adopted US' strictest fracking regs to date. Comps must detail how wells to be drilled, amount of fluid to be used, at what pressure, how comps will withdraw water, contain waste, disclose chems used before and after use. Folks can force state investigations. Also mandates continual groundwater testing.

Promethean Biofuels, US Energy Initiatives (USEI) agreement to expand Promethean's biodiesel production to 3M gal/yr capacity by next month. Comps will split $6M/y revs. USEI's 1st expansion into fuel production. Plans many more before year end. USEI down 30% at noon today, down 4% at 2:30.

Red Rock Biofuels got $4.1M US military contract to produce fuels. Military hopes fuels to cost under $4/gal by '16. Red Rock matching with $5M.

Amyris (AMRS)/Total successfull demo flight of bio avfuel with Airbus at Paris Air Show.

ABF Economics study says no direct connect between RFS (US), food prices. Found rate of food price infaltion decreased since '07 - when RFS last devised.

US House rejected Farm Bill. Trouble with food stamps, nutrition programs.

IEA: NG demand set to grow more slowly until '18. Europe demand weak, Mideast probs, Africa upstream production growth. 2.4%/y demand growth next 5 yrs. Last yr's forecast 2.7%. NG global use in road transport to rise to 98BCM (billion cubic meters)/y by '18. Total demand to increase to almost 4TCM.

Steelmakers taking advantage of cheap NG in US. Direct Reduced Iron process avoids need for coking coal, added to scrap to make steel.

EIA: global shale oil potential 345B bls oil, 7.2QCF (quadrillion cubic feet) NG.

Russia, China $60B oil deal. Russia oil to China via new pipeline.

U of MD researchers created long-lasting, efficient, enviro friendly rechargable batt from wood splinters 1K x thinner than piece of paper, covered in tin. Add sodium. Potential for large scale.

BP to reduce Iraq production target over 1Mb/d. Baghdad reduced production targets to ensure reserves last longer. 12Mb/d by '17 reduced to 9M.

Maine gov vetoed energy bill. House overrode. To senate it goed. Aims to expand New England NG infra with $75M for new pipeline capacity, boost energy efficiency funds.

EDF Canada dedicated 150Mw Quebec wind farm. $340M. 75 REpower turbines. EDF to build 1Gw wind in province next 3 yrs.

Enel Green Power, 40 South Energy (UK) to install 150Kw wave energy machine off Tuscany. Over $793M invested in wave/tidal energy development in Europe last 7 yrs.

Samsung reduced Ontario clean energy pledge $1.9B. Reduced from C$7B in '10 to develop 2.5Gw wind, solar. Now over 1.3Gw target by '16.

Solar REITs unlikely to win favorable IRS ruling.

Dozens of wild fires now burning up CO, AZ, NM.

Houston to buy 1/2 of el from clean sources.

FBI investigating genmod sugar beet destruction.

NYC taxi commission adopted hybrid rule.

Contract breach halted China-funded refinery project in Costa Rica.

Gazprom moving to buy Belgian power plant.

Small solar producers struggling after Spain slashed subsidies.

Happy weekend trails, pards.

FRIDAY OPEN

(stock #s in %)

Market down 26/27/6. Naz volume 4x normal (options Friday). Oil: WTO ~$95, Brent under $102. NG $3.86.

BHWX jumped back up 166. BSRC up 20 on 5K shares, over bottom (50-day) lines. LSCG up 15 in little rebound from bottom. VSPC up 13. EFOI up 11, still heading back to top lines. CDTI up 10, over bottom (50-day) lines. NFEC up 10. LEDS up 4, rebound off top (200-day) line. PSON up 2, the plunge stabilized just under bottom (200) lines. NENE, ECTY, WSGP up 1. NENE under top (50) lines, ECTY in theirs.

WTWO down 50 on nominal volume. VLNCQ down 41. USEI down 36. CGYV down 18. BLDW down 17. SWET down 16. CLNT down 12 on news, back in top (50) lines. NPWZ down 10. RVLT down 6, back near top (50) lines. XSNX, EWRL down 3. NTCXF down 2. HIIT, CERE down 1.

Thursday, June 20, 2013

THURSDAY CLOSE

(stock #s in %)

Market down 353/78/40.

MKTY up 42. BOPO, ECOS up 20. ASYS up 12, new high. CRCL up 12. GSPI up 11. AMPD, XIDE up 10. WSGP up 4.

BHWX down 62. MGLT down 38. PPRW down 25. LSCG down 22. EWRL, IFXY down 21. NFEC down 17. USEI down 16. EVSI, GERS, SRWRF down 14. PSON, GWBU down 13. FCEL, EFOI, VSPC down 12. ECTY, CABN, XDSL down 11. CSUN down 10. XSNX down 8. NENE down 6. CERE, LEDS down 5. RVLT down 4. CERP down 1.

STUFF

Heat wave in Alaska. Mid-'90's.

$100K of LED bulbs stolen in Chile.

Study: tech exists to mimimize NG drilling impact, but seldom used.

EIA: US set record for coal exports in March.

Silevo planning 200Mw solar module factory in US.

Moscow says Iran ready to stop enriching uranium above 20% in return for easing of sanctions, recognition of inherent right to enrich.

Turk firm to develop 6 oil/gas blocks in Kurd Iraq ... Total bought majority stake in Kurdistan exploration block ... Libya reporting oil production back to 1.3Mb/d.

Kurdistan oil pipeline to Turkey should be completed by Oct. Kurd production now ~300Kb/d.

E20 takes value crown v. gasoline, E10. (If the vehicle can run on it without damage.)

Siemens, Lanza Tech 10-yr collab on enviro solutions for steel industry. Ground-breaking fermentation to transform carbon-rich off-gases into low carbon bioethanol, other chems. Iron, steel industry contribs 6.7% of world CO2 emissions. Avg. 1.8 met tons CO2 emiss making 1 met ton of steel. Gases now flared or used for process heat, el in plant.

US House Appropriations Committee bill cut DOE clean/renewable funding 39%.

Consumption of all forms of fossil energy up 1.8% in '12. 10-yr avg. 2.6% increase. Coal remained fastest growing fossil fuel used, China using half. China, India near 90% of net increase in global energy use. Global nuke power output largest decline ever. (Japan, probably.)

Angola target 2Mb/d oil production by '14. Intends to process 5.2M tons LNG/yr, plus propane, butane, condensed gases. Soyo plant partnered with Chevron, BP, ENI, Total. Proven NG reserves near 11TCF.

Number of oil spills in Houston region down, but still near 2/day. In '90's, 3-8.

Beacon (BCON) out of bankruptcy. To install 1st storage device at pending PA project. 20Mw facility to sell its power to PJM grid (13 mid-Atlantic states). 4Mw initially, 20 by 2Q14.

Dominion VA Power starts online aps tomorrow for Solar Purchase Program. To help eligible customers offset cost of adding solar to homes, properties. Limit total 3Mw. 15 cents/Kwh.

Walgreens to expand solar installs to 200 more stores with SoCore Energy. Will bring total to over 350. (Building new store 2 blocks from present store in my neighborhood.)

TX gov signed new energy efficient combined heat/power policy. NG used. Emits 65% less GHG than coal. Doesn't use water, energy produced and used where needed, no power loss from transmission or distribution.

Canada VC comp to invest C$100M in energy, clean tech comps in Canada. "Capital efficient ventures ... So much low-hanging fruit in energy efficiency."

Vestas got 51Mw wind turbine order from Swede paper mill. 3Mw turbines. Next year buildout.

Primus to supply batts for energy storage test in NW US. Install next year. 500Kwh total. 4 hours of storage. Flow batts, liquid electrolyte cycled through reaction chamber. $2.87M project. BPA providing near $1M.

Negev Energy, partners to build, op 121 solar plant in S Israel. Online 2H17. .76 Shekel/Kwh. $1.1B. (Near $10/w?! Boondoggleville.) Israel installed 41Mw solar last year, increasing capacity to ~226Mw. Wants 10% clean/renewable power by '20.

Tata (India) won over IBM, Dell with solar cheaper than grid.

BP defending renewable fuel mandate other oil comps oppose. BP, Du Pont set to start producing new alt fuel by year end. (Butamax Advanced Biofuels.)

Honda to launch hybrid Accord in US in Oct.

Asian investors emerging as key finance source for African clean energy projects.

Solairedirect closed finance for 99Mw PV solar portfolio.

New round of China, EU solar dumping talks bumped up to top-level officials. Maybe 70% chance of successful resolution.

Report: US tax code a wash on curbing carbon.

NMFS: 1/4 of US bluefin tuna quota thrown back into ocean dead. (What the hell is up with that?!)

Hong Kong's pink dolphins facing dwindling numbers.

Prosecutors rolled out new indictments in BP Gulf of Mex spill.

FERC approved Entergy sale of high-volt lines to ITC.

Cow innards seen as key to more efficient, less expensive ethanol refining.

Norway OK'd oil exploration at Arctic edge.

Chinese restrictions on foreign trash riling US recyclers.

Major polluters could face death penalty under new China rules. (Dam. Maybe we should try that.)

EU Committee supports broad ban on global warming gas.

Russia officials postponing tougher emission standards for yachts. (Maybe yacht owners would face death penalty in China.)

Happier trails, pards.

THURSDAY OPEN

(stock #s in %)

Market down 240/55/28. Volume slightly heavy. Dow, S&P below 50-day lines, Naz at. Options Friday tomorrow. Oil: WTI under $97, Brent over $104. NG $3.89. China manufacturing shrinking faster this month, factory activity at 9-month low.

CRCL up 20.

IFXY down 21. PSON down 19 more, day 3 of plunge. BLDW down 17. AMEL, EVSI, SRWRF down 14. FCEL down 12 on financial news. GWBU, XDSL down 11. USEI down 8. LEDS, WSGP, ECTY  down 5. RVLT down 4. NENE down 3. NTCXF, XSNX, EWRL, CERE down 2.