Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (125377)	11/17/2009 10:50:38 AM
From: Dennis Roth	2 Recommendations Read Replies (1) \| Respond to of 206110

Spark Spread Biweekly Tracking Changes in Power Commodities citigroupgeo.com 43 pages In This Issue — DYN: Valuation & Modeling Update. CPN: Valuation and Forecast Update. PNW: Looking Ahead to the Upcoming ALJ Recommendation. RRI: Valuation Update. Maintain Hold. Target Down To $6.50. FPL: Cooler Heads And Reason To Prevail: Buy Into Staff Rec. AYE: Story Unfolded - Downgrading to Hold. COMV: One Step Forward, One Step Back. MIR: Upgrading To Hold On Valuation, Target Up To $14.50. D: VEPCO Settlement: Peeling Through the Layers - Overall Positive. RRI: 3Q09 In Line With Consensus, Guidance Down. DYN: Strong 3Q09 Results. EEI 2009 Conference Notes. And more... See page 33 for details. Long Term Gas Down — In the past two weeks, longer-term gas prices decreased (5.56)%. The 2009 price is now at $3.95/MMbtu, the 2010 price is $5.34/MMbtu and the 2011 price is $6.32/MMbtu. This compares to our previous report’s, $4.14/MMbtu for 2009, $5.78/MMbtu for 2010, $6.62/MMbtu for 2011; see page 16 for further details. Market Heat Rates Up — In the past two weeks, longer term market heat rates increased 1.67%. Current flat market rates are 7,764 btu/KWh for 2009, 7,340 btu/KWh for 2010, and 7,226 btu/KWh for 2011. This compares to our previous report’s 7,604 btu/KWh for 2009, 7,182 btu/KWh for 2010 and 7,174 btu/KWh for 2011; see page 30. Sparks Up & CAPP Darks Stable & PRB Darks Down – For the last two weeks, forward 2010E and 2011E sparks (CPN, and DYN) were up, CAPP darks (MIR, and RRI) were stable, and PRB dark spreads (DYN, and NRG) were down slightly.