HCLP just blew through $60, as analysts raise targets in response to the HAL announcement.
BAS is back above $27. I guess I could have held onto all of those shares, but I have no regrets. Retaining a 15% position in BAS is more than reasonable.
SLW is pushing its way to $26.
My only position that is down noticeably today is UEC. And that remains my smallest position at 5% of assets.
Fracking investments remain the place to be. Oil names are doing well by extension (and a high price per barrel). I’m telling you, coal will be the next thing to run.
Have a wonderful afternoon.
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Germany just provided half their electricity
with solar for a few days.This will occur
more often .Coal is fucked
That announcement makes a better bumper stick than strategic guidance.
Just because you run into a day where the wind and sun are both very cooperative hardly makes for the end of an entire source of energy. And how long would it take to convert global energy supply to those methods anyway? Even if that’s where we’re ultimately going, coal reserves will be in high demand for decades or more.
Thanks to market forces, you can currently take a position in those reserves at a fraction of their worth.
I am avoiding coal because of this:
http://www.eia.gov/electricity/annual/html/epa_08_01.html
Companies like Siemens are spending so much capital on developing high efficiency turbines. That’s not good for base commodity prices.
Solar would work well if the entire US population lived in the 4 corners region of Arizona, Utah, Colorado and New Mexico.
Other than that forget about it.
Check your zip code into this link and do a little research to see how much energy you can harvest where you are.
http://www.freehotwater.com/solar-calculators/annual-insolation-u-s/