Market Sentiment Watch: Focus likely turns back to the Fed. In energyland news flow is picking up as expected and the groups continue to show improved traction as the change in tone in oil continues to manifest itself a bit earlier than expected. In today's post please find the natural gas inventory preview, the oil inventory review (record refiner throughput but backing off seasonally as expected, record low crude imports for time of year, and a blip higher in U.S. production (we expect the occasional one on the way lower), comments on "I Will Survive" club member UPL, a cheat sheet for RSPP pro forma their offering, CPE, and some other odds and ends.
- We get jobless claims at 8:30 am EST (F = 271,000, last read was 277,000),
- We get the FOMC minutes from the September 17th meeting today at 2 pm EST.
In Today’s Post:
- Holdings Watch
- Commodity Watch - with natural gas storage preview, DJ Basin sale comps (ECA, BCEI, SYRG)
- Oil Inventory Review
- Stuff We Care About Today - UPL, RSPP, CPE, SM
- Odds & Ends
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