28
Nov

Friday

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Market Sentiment Watch: No cut by OPEC, analysts, reporters, traders disappointed. Please see our notes from the conference below as there is going to be a lot of press spin on this and not everything was negative.  In today's post please find the natural gas and inventory reviews and notes and thoughts from the OPEC meeting. It's going to be an ugly open and we plan on doing some shopping at lower E&P prices but likely not until next week. In our view, we'd rather let oil find a new comfortable trading range before attempting to catch falling knives in good or riskier names. It will be interesting to see if the gassy names see any interest now that OPEC is out of the way (lower oil prices are good for them in some ways). Likely on this shortened session we don't see a lot of discriminating among E&Ps however. All eyes will be on crude, looking for the reversal of the now 4 month plus long trade against crude to occur.

Ecodata Watch: 

  • No economic data release

In Today’s Post:

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

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26
Nov

Wednesday Morning – OPEC Eve

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Market Sentiment Watch: Big day for U.S. economic data as we await OPEC on the holiday and Friday's half session. Expect wild volatility in oil prices on Friday.  OPEC's 166th regular meeting takes place tomorrow morning while the U.S. markets have the day off. We will next post again on Friday. In today's post please find the oil and natural gas inventory previews and some comments on LPI. If we don't chat with you in comments today have a great Thanksgiving tomorrow.

Ecodata Watch:

  • We get jobless claims at 8:30 am EST (F = 288,000, last read was 291,000),
  • We get Personal Income at 8:30 am EST (F = 0.4%, last read was 0.2%), 
  • We get Consumer Spending at 8:30 am EST (F 0.3%, last read was -0.2%),
  • We get Durable Goods at 8:30 am EST (F = -0.7%, last read was -1.1%),
  • We get Chicago PMI at 9:45 am EST (no forecast, last read was 66.2),
  • We get Consumer Sentiment at 9:55 am EST (F = 90.1, last read was 89.4),
  • We get New Home sales at 10 am EST (F = 469,000, last read was 467,000),
  • We get Pending Home sales at 10 am EST (no forecast, last read was 0.3%). 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. Oil Inventory Preview
  4. Stuff We Care About Today – LPI (cheat, wrap, sensitivity), ——-
  5. Odds & Ends

Please click the link right below this to

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25
Nov

Tuesday Morning – PE

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Market Sentiment Watch: Energy groups continue to largely tread water as we await OPEC. In today's post please find the early reads on the oil and natural gas weekly storage reports (both due out Wednesday due to the holiday), comments on PE's EBITDA sensitivity model, and some other odds and ends.

Ecodata Watch:

  • We get the 3Q14 GDP revision at 8:30 am EST (F = 3.3%, last read was 3.5%),
  • We get Case-Shiller home prices at 9 am EST (no forecast, last read was up 5.1% YoY),
  • We get FHFA home prices at 9 am EST (no forecast, last read was up 4.8% YoY),
  • We get Consumer Confidence at 10 am EST (F = 96.7, last read was 94.5). 

In Today’s Post:

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

Click the link directly below this to …

Continue Reading »


24
Nov

Monday Morning

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Market Sentiment Watch: We continue to move in the sideways trade in front of the OPEC meeting and in energy land this week, we view oil prices and moves in the names as largely noise at this point pre meeting.  News flow from the energy groups is typically non existent this week of the year and outside of SWN we would expect the names to be especially quiet this week this year.  In today's post please find The Week That Was and some other odds and ends.

Ecodata Watch:

  • Iran nuclear talks deadline,
  • We get the Chicago Fed national activity index at 8:30 am EST (no forecast, last read 0.25)

The Week Ahead:

  • Tuesday 11/25: 3Q14 GDP revision, Case-Shiller home prices, FHFA home prices, consumer confidence
  • Wednesday 11/26: jobless claims, personal income, consumer spending, durable goods, Chicago PMI, new home sales, pending home sales,
  • Thursday 11/27: Market closed, OPEC Meeting
  • Friday 6/20: no economic data release scheduled.

In Today’s Post:

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

Click the link directly below this to …  Continue Reading »


23
Nov

Wrap – Week Ended 11/21/14

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All questions under the wrap table will be addressed in the Monday post. If you have questions about the site please email them to zman@zmansenergybrain.com.

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