Stone Fox Capital's  Instablog

Stone Fox Capital
Send Message
Stone Fox Capital Advisors is a registered investment advisor founded in 2010. The firm offers portfolio management with a focus on opportunistic stocks providing secular growth trends at an affordable value. An emphasis is placed on fundamental analysis though charts are used for timing entry... More
My company:
Stone fox capital
My blog:
Out Fox The Street
  • Progress Energy Switching to Natural Gas 0 comments
    Dec 2, 2009 4:03 PM | about stocks: CLD, DUK

    Or at least that's the headlines from today's announcement from Progress Energy (PGN). Now as you read the details you'll see that PGN is only moving about 30% of their coal plants to natural gas. Its also interesting to note that its just the old plants and not the modernized plants. And that it won't be until 2013-2014 before the plants really start closing.

    This news is clearly long term bullish for the natural gas industry and bearish for coal. Though I think alot of expectation already existed that domestically we'll continue to push more into natural gas, solar, and wind. This isn't completely bearish for coal though because places like China and India will continue to heavily rely on coal because that is the resource that they have.

    Not sure how this impacts Cloud Peak (NYSE:CLD) and may explain the IPO weakness. Clearly though any impact will only be years away at the earliest. We're currently working on another article that discusses the importance that coal expects to grow over the next decade even with all of these pushes to replace it.

    In a report filed with the N.C. Utilities Commission today, the utility outlined its plan to close a total of 11 coal-fired units, totaling nearly 1,500 megawatts (MW) at four sites in the state:

    • The 600-MW L.V. Sutton Plant near Wilmington.
    • The 316-MW Cape Fear Plant near Moncure.
    • The 172-MW W.H. Weatherspoon Plant near Lumberton.
    • And the 397-MW H.F. Lee Plant near Goldsboro (retirement announced in August).

    Disclosure: Long CLD
    Stocks: CLD, DUK
Back To Stone Fox Capital'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


  • crossed 5,000 followers today... thanks to everybody that follows and reads my articles.
    Mar 29, 2016
  • too much doom and gloom for a market crash.
    Jan 10, 2016
  • wow... Cramer slammed an SA $FCX article from last Dec. Guess a good sign that he views this site worthy of reviewing.
    Dec 10, 2015
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.