Seeking Alpha

Mark Anthony's  Instablog

Mark Anthony
Send Message
Mark Anthony, is an IT professional and who had a scientific research background before joining the information revolution. Visit his blog: Stockology (http://stockology.blogspot.com/)
My blog:
  • What I Learned From The Latest EIA Electricity Monthly 0 comments
    May 1, 2012 1:15 PM | about stocks: UNG, BOIL, KOLD, KOL, JRCC, PCXCQ, ACI, ANR, BTU, ARLP, CLD, CLF, CNX, NRP, PVR, WLT, CHK, CEP, COG, COP, APC, EOG, DVN, BHI, SWN, PXD, MHR, KMP, ERF, CRZO, CPE, EPD, GDP, GMXRQ, IDT, LEI, REXX, AREX, NGS, BBEP, NFG, RRC, PQ, UNT, RIG, BP, XOM, SO, AEP

    The latest EIA Electricity Power Monthly is out. I want to summarize the data and extract key information from this 130+ page document.

    Here is a spreadsheet summarizing the fuel usage up to the month of February 2012, for coal and natural gas (NG):

    (click to enlarge)

    Columns H, I, J, K, L and M are my calculation of fuel quality and efficiency, based on numbers from EIA. Those numbers are on my spread sheet but not shown above.

    Column H and I tells the amount of electricity generated from burning each unit of coal and NG. Roughly one ton of coal can generate nearly 2 mega-watt-hours of electricity. One mmBtu of NG generates about 0.1 mega-watt-hour of electricity.

    Column J and K tells the energy contained each unit of coal and NG. These numbers indicate the quality of fuel: The higher the better.

    Column L and M tells the energy efficiency: The percentage of energy in the fuel that can be converted into electricity. It reflects the overall efficiency of the power generators.

    Please Come back for an update on the discussion of these numbers.

    The discussion is somewhat relevant to Southern Company (SO), American Electric Power Corp. (AEP). The discussion pertains to US coal and natural gas stocks, as well as related ETFs: United Stated Natural Gas (UNG), ProShares Ultra DJ-UBS Natural Gas (BOIL), ProShares UltraShort DJ-UBS Natural Gas (KOLD), Market Vectors Coal ETF (KOL). It relates to coal as coal price is depressed partly due to record low natural gas prices. The discussion affect investors with interested in these names in the US coal sector: James River Coal Co. (JRCC), Patriot Coal Corp. (PCX), Arch Coal Inc. (ACI), Alpha Natural Resources Inc. (ANR) and Peabody Energy Corp. (BTU), Alliance Resource Partners LP (ARLP), Cloud Peak Energy Inc. (CLD), Cliffs Natural Resources Inc. (CLF), Consol Energy Corp. (CNX), Natural Resource Partners (NRP), Penn Virginia Resource Partners LP (PVR) and last but not least, Walter Energy Inc. (WLT).

    And the discussion is relevant to these names in the oil and natural gas sector: Chesapeake Energy Corp. (CHK), Constellation Energy (CEP), Cabot Oil & Gas Corp. (COG), ConocoPhillips (COP), Anadarko Petroleum Corp. (APC), EOG Resources Inc (EOG), Devon Energy Corp. (DVN), Baker Hughes Inc. (BHI), Southwestern Energy Co. (SWN), Pioneer Natural Resources (PXD), Magnum Hunter Resources (MHR), Kinder Morgan Energy Partners (KMP), Enerplus Resource Fund (ERF), Carrizo Oil & Gas (CRZO), Callon Petroleum (CPE), Enterprise Products Partners LP (EPD), Goodrich Petroleum (GDP), GMX Resources (GMXR), IDT Corp (IDT), Lucas Energy (LEI), Rex Energy (REXX), Approach Resources (AREX), Natural Gas Services Grp. (NGS), Breitburn Energy Partners (BBEP), National Fuel Gas (NFG), Range Energy Resources (RRC), Petroquest Energy (PQ), Unit Corp. (UNT), Transocean Ltd. (RIG), BP plc. (BP) and Exxon Mobil Corp. (XOM).

    Disclosure: I am long JRCC, PCX, ACI, ANR, BTU.

Back To Mark Anthony's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Jim Rogers favors water investment! California is in a water crisis. Cardiz (CDZI) is up almost 50% today on news: http://tinyurl.com/qpddql
    Jun 5, 2009
  • China is still buying US T-Bonds and Yuan is pegged to dollar. WHY? Read my shocking discovery: http://tinyurl.com/rcuofx Enjoy!
    Jun 4, 2009
  • PEIX, a once hot ethanol play, goes Ch.11 today, as expected. Recent unusual price moves must lured speculators in. Good lesson learned.
    May 18, 2009
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.