17
Jan

Tuesday Morning – CWEI, LPI, REXX, Permian Deals Update

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Market Sentiment Watch: Economic data flow likely to be eclipsed market machinations in the run up to Friday's inauguration. News flow in the group cranking up rapidly. On the heels of acquisitions and offerings in the Permian and a major acquisition in the Eagle Ford last week and the corporate deal of NBL buying CWEI over the weekend, we anticipate news flow in energyland should continue to increase through month end and into February. This we also get fresh monthly data out of OPEC and additional monthly data out of EIA. In today's post please find The Week That Was, comments on the CWEI acquisition, comments on REXX, comments on LPI, and some other odds and ends. 

Ecodata Watch:

Today:

  • We get Empire State at 8:30 am EST (no forecast, last read was 9.0),
  • EIA's Drilling Productivity Report later in the day,

Wednesday - CPI, industrial production, capacity utilization, homebuilders' index, Beige Book, OPEC Monthly, 

Thursday - Jobless claims, housing starts, building permits, Philly Fed, 

Friday - No economic data releases scheduled, Inauguration Day.  

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. The Week That Was
  4. Stuff We Care About Today – Permian Deals, NBL buys CWEI, REXX, LPI
  5. Odds & Ends

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15
Jan

Wrap – Week Ended 01/13/17

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Have a peaceful and reflective MLK holiday. 

Questions and comments under The Wrap will be addressed in the Tuesday post. 

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wrap-011317


13
Jan

Friday Morning – Catalyst List Update, WPX

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Market Sentiment Watch: Energyland trading in adrift fashion as we await news flow pickup at the macro and micro (not deals, plenty of those, but more 2017 guidance) levels. Valuations for our top names continue to modestly improve as they essentially stand still which is fine.  In today's post please find the natural gas storage review (bigger than expected, and see PL data below), the Catalyst List Part III update, comments on yet another Permian acquisition, and some other odds and ends. Next week we get the first OPEC Monthly of 2017 and likely more member comments on their commitment to the November cuts. Enjoy your long weekend. 

Ecodata Watch:

  • We get Retail Sales at 8:30 am EST (headline forecast = 0.8% with a last read of 0.1%; ex autos forecast = 0.5% with a last read of 0.2%),
  • We get PPI at 8:30 am EST (F = 0.3%, last read was 0.4%),
  • We get Consumer Sentiment at 10 am EST (F = 98.8, last read was 98.2),
  • We get Business Inventories at 10 am EST (no forecast, last read was -0.2%). 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h
  3. Natural Gas Inventory Review 
  4. Stuff We Care About Today - Catalyst List Part III, WPX
  5. Odds & Ends

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12
Jan

Thursday Morning – Oil Inventory Review, PE

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Market Sentiment Watch: In today's post please find the oil inventory review (another week filled with end of year noise that trader's largely ignored), the natural gas preview (a sub average withdrawal expected), comments on PE, comments on SYRG, and some other odds and ends. 

Ecodata Watch:

  • We get jobless claims at 8:30 am EST (F = 259,000, last week was 235,000),
  • We get import price index (no forecast, last read was -0.3%),
  • We get the federal budget at 2 pm EST (no forecast, last read was -$14 B). 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h
  3. Oil Inventory Review 
  4. Stuff We Care About Today - PE, SYRG
  5. Odds & Ends

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11
Jan

Wednesday Morning – Catalyst Update Part II, PE

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Market Sentiment Watch: Nothing on the economic data front so traders are free to watch political news. In energyland news flow resumed last night with an acquisition, operations update and offering from PE. In today's post please find the Catalyst List Update Part 2, comments on PE, the oil and natural gas inventory previews, comments on the STEO (EIA sharply lowered their 2017 natural gas production to be spot on with the forecast we published last Wednesday), and some other odds and ends. 

Ecodata Watch:

  • No economic data release scheduled. 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h - with oil and natural gas inventory previews
  3. Stuff We Care About Today - Catalyst List Update Part II, PE
  4. Odds & Ends

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