19
Jan

Thursday Morning – OAS

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Market Sentiment Watch: Sideways group action of the last 6 weeks expected to continue near term. In today's post please find the oil inventory preview, the natural gas preview (bigger than average expectation for today's report before we shrink back on mild weather next week), comments and a cheat sheet and catalyst list update for OAS, and some other odds and ends. 

Ecodata Watch:

  • We get jobless claims at 8:30 am EST (F = 244,000, last read was 247,000),
  • We get housing starts at 8:30 am EST (F = 1.2 mm, last read was 1.09 mm), 
  • We get building permits at 8:30 am EST (no forecast, last read was 1.212 mm),
  • We get Philly Fed at 8:30 am EST (F  = 16.0, last read was 21.5). 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h 
  3. Stuff We Care About Today - OAS, OAS Catalyst List update
  4. Odds & Ends

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18
Jan

Wednesday Morning – OPEC, LPI

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Market Sentiment Watch:  In energyland, news flow cranked up right on schedule. More to come near term. In today's post please find an updated cheat sheet and modeling thoughts for LPI, the early read for oil inventories, the early read for natural gas inventories (bigger on strong across the board demand rebound), comments on the OPEC monthly (2017 demand edged higher, 2017 non OPEC supply revised lower), and some other odds and ends. 

Ecodata Watch:

  • We get CPI at 8:30 am EST (F = 0.3% headline, 0.2% core)
  • We get Industrial Production at 9:15 am EST (F = 0.9%, last read was -0.4%),
  • We get Capacity Utilization at 9:15 am EST (F = 75.7%, last read was 75.0%),
  • We get the Homebuilders' Index at 10 am EST (no forecast, last read was 70),
  • We get the Beige Book at 2 pm EST.

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. Stuff We Care About Today – LPI 
  4. Odds & Ends

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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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