30
Sep

Tuesday Morning

Print Friendly

.

.

Market Sentiment Watch: End of 3Q14, beware of noise. In today's post please find comments and an updated Wattenberg summary cheat sheet with a fresh BBG sheet as well and some other odds and ends. Also, in case you missed it, we liquidated our holdings in Permian mid cap leader ATHL in both the ZLT and ZLT G accounts yesterday following that company's acquisition agreement with ECA. Please see the Holdings Watch section for further details. 

Ecodata Watch:

  • We get Case-Shiller home prices at 9 am EST (no forecast, last read was 8.1% YoY),
  • We get Chicago PMI at 9:45 am EST (F = 62.4, last read was 64.3), 
  • We get Consumer Confidence at 10 am EST (F = 92.3, last read was 92.4). 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. Stuff We Care About Today – Wattenberg / BBG, EXXI,
  4. Odds & Ends

Click the link directly below this to …

Continue Reading »


29
Sep

Merger Monday – Goodbye ATHL

Print Friendly

.

.

Market Sentiment Watch: Aside from quarter end noise today and tomorrow we've got a much more significant set of data this week with key checks on the consumer early and nonfarmpayrolls on Friday. We've also got a sprinkling of Fed member speeches this week. In energy land, ATHL was taken out by ECA in a move that points out the folly of the recent retreat in some names in our group (note, ATHL not one of the ones that's really come off) and the cash offer price of $58.50 is a 25% premium to last Friday's close and an all time high for our second largest Permian name. The second part of the Fall conference season gets underway and we should see a pickup in news flow as the companies roll out one last set of operations updates prior to the quarterly reporting season kickoff in about 3 weeks.  In today's post please find The Week That Was and a Permian Players update table for comparative purposes with the ATHL takeout. 

Ecodata Watch:

  • We get Personal Income at 8:30 am EST  (F = 0.3%, last read 0.2%), 
  • We get Consumer Spending 8:30 am EST (F = 0.4%, last read -0.1%), 
  • We get Core PCE price index at 8:30 am EST (F = 0.0%, last read -0.1%)

The Week Ahead:

  • Tuesday 9/30: Chicago PMI, consumer confidence, 
  • Wednesday 10/1: ISM, construction spending, car sales, Natural Gas Supply and Demand slide shows, OEDV private call, 
  • Thursday 10/2: Jobless claims, factory orders, 
  • Friday 10/3: Nonfarm payrolls, unemployment rate, trade deficit, ISM nonmanufacturing. 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h
  3. The Week That Was
  4. Stuff We Care About Today – ATHL 
  5. Odds & Ends

Click the link directly below this to …  Continue Reading »


28
Sep

Wrap – Week Ended 9/26/14

Print Friendly

.

.

All questions under the wrap will be addressed in the Subscriber Mailbag section of the Monday post.

The blotter is updated including ZLT G account trades from last Friday. 

Questions about Zman's Energy Brain? Send them to zman@zmansenergybrain.com

wrap 092614 

 


26
Sep

Friday Morning

Print Friendly

.

.

 

Market Sentiment Watch: Nervous market conditions continue with the strong dollar weighing on sentiment in the commodity space and other non-energy groups joining the end of quarter funk.  In today's post please find the natural gas inventory slide show (in line and we still see a seasonal peak just over 3,500 Bcf) and OAS (quick thoughts after a group think beat down).

Ecodata Watch: 

  • We get the 2Q GDP revision at 8:30 am EST (F = 4.7%, last read was 4.2%),
  • We get Consumer Sentiment at 9:55 am EST (F = 84.3, last read was 84.6).

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. Natural Gas Inventory Review
  4. Stuff We Care About Today – OAS, WPX
  5. Odds & Ends

Please click the link right below this to Continue Reading »


25
Sep

Thursday Morning – SN

Print Friendly
.
.
Market Sentiment Watch: Market trying to pull out an end of quarter rally on stimulus hopes in both Europe and China but our sense remains that end of quarter nervousness will loom large with fundamentals ignored during repeated baby and bathwater sessions. We may be about to enter a period of sideways trading but we're not feeling rushed to add at this time. We see this 2 to 3 times per year.  Please see yesterday's post for the What Price When? piece with comments on several names as we patiently await more rationale thinking in the group. In energyland this morning, things are quiet and we expect news flow to pick back up again next week.   In today's post please find the oil inventory review, the natural gas inventory preview, a few thoughts on SN and their EFS peer group and some other odds and ends.

Ecodata Watch: 

  • We get Jobless Claims at 8:30 am EST (F = 300,000, last read was 280,000),
  • We get Durable Goods at 8:30 am EST (F = -17.3%, last read was +22.6%) 
  • We get the 2Q GDP revision and consumer sentiment tomorrow. 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. Oil Inventory Review
  4. Natural Gas Inventory Preview
  5. Stuff We Care About Today –  SN, VEI 
  6. Odds & Ends

Please click the link right below this to Continue Reading »

Zman’s Energy Brain ~ oil, gas, stocks, etc… is is proudly powered by Wordpress
Navigation Theme by GPS Gazette

s2Member®
Get Adobe Flash player