27
Jul

Wednesday Morning – RRC

Print Friendly

.

.

Market Sentiment Watch: Fed decision day. Expect no change. In energyland, earnings move back to center stage for the upstream space while product inventories will be the primary focus of today's EIA report.  In today's post please find comments on the RRC 2Q16 results (strong, reiterating guidance but big increase in well recoveries), comments on RES, the oil and natural gas inventory previews, and some other odds and ends. 

Ecodata Watch:

  • We get Durable Goods at 8:30 am EST (F = -1.7%, last read was -2.3%), 
  • We get Core capital goods orders at 8:30 am EST (no forecast, last read was -0.4%), 
  • We get Pending Home Sales at 10 am EST (F = 1.3%, last read was -3.7%), 
  • We get the FOMC announcement at 2 pm EST (F= 0.25% to 0.50%, unchanged). 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h - with oil and natural gas inventory previews
  3. Stuff We Care About Today - RRC, RES, VNOM
  4. Odds & Ends

Click the link directly below this to ...  Continue Reading »


26
Jul

Tuesday Morning – SRAQ/CDEV, VNOM

Print Friendly

.

.

Market Sentiment Watch: Economic data picks up today and into the rest of the week.  Fed meets today and tomorrow but that should be a non event. In energy land, earnings announcements begin to pick up again today and accelerate Wednesday before the real tsunami of earnings hit by mid next week in the upstream segment of the sector. So far, the releases have been uneventful and we expect the upstream to inch up activity modestly.  In today's post please find comments and an updated pro forma cheat sheet on SRAQ/CDEV, comments on the VLO quarter, comments on VNOM, and some other odd and ends. 

Ecodata Watch:

  • We get Case Shiller home prices at 9 am EST (no forecast, last read was 5.0%), 
  • We get Markit services PMI, flast at 9:45 am EST (no forecast, last read was 51.4), 
  • We get Consumer Confidence at 10 am EST (F = 97.0, last read was 98.0),
  • We get New Home Sales (F = 560,000, last read was 551,000).  

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. Stuff We Care About Today – SRAQ/CDEV, VNOM, VLO
  4. Odds & Ends

Click the link directly below this to ...

Continue Reading »


25
Jul

Monday Morning

Print Friendly

.

.

Market Sentiment Watch: Fed week. Expecting no change in the fed funds with this meeting (chance of a raise this week are just three percent and don't rise to better than 33% until the December meeting due in large part to Brexit).  In today's post please find the 2Q16 Energy Earnings calendar for week 2 of the season (transition week from oil service to a greater number of upstream names), The Week That Was, a new version of So Far This Quarter, and some other odds and ends. 

Ecodata Watch:

  • No economic data release scheduled. 

The Week Ahead: 

  • Tuesday (7/26): Case-Shiller home prices, Markit Services PMI flash, consumer confidence, new home sales, 
  • Wednesday (7/27): Durable goods, pending home sales, FOMC announcement,
  • Thursday (7/28): Jobless claims, rental vacancy rate, 
  • Friday (7/29): 2Q16 GDP, Chicago PMI, consumer sentiment. 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. The Week That Was
  4. Stuff We Care About Today –  2Q16 Energy Earnings Calendar Week 2,  So Far This Quarter, REXX
  5. Odds & Ends

Click the link directly below this to ...

Continue Reading »


23
Jul

Wrap – Week Ended 7/22/16

Print Friendly

.

.

The ZLT was off 1% last week and is up 26% in 2016. The XOP was off 1% and is up 13% YTD.  

The Trading Blotter is updated. 

2Q16 earnings season began with Service taking the lead (largely as expected - see comments under HAL, SLB, and CLB in this last week's posts or see the "So Far This Quarter" table in Friday's post.)

Also, the first of the gassy stalwart names, SWN, reporting a beat and more threw the company from Neutral to 5th gear, getting back to work (more rapidly than even they expected - see comments in last Friday's post). 

Interested in subscribing? Drop us a note at zman@zmansenergybrain.com or check out the helpful how to link at left.

.

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

.

wrap 072216


22
Jul

Friday Morning – SWN, SLB, OII, and the Natural Gas Inventory Review

Print Friendly

.

.

Market Sentiment Watch: Busy day today as we have a number of reports from names we care about. As always we will have live notes from the calls when possible and notes later in the day for any overlapping calls. In today's post please find comments on SWN (reported better than expected 2Q16 volumes, upped guidance, and made the decision to add rigs back - exactly what we were looking for), comments on the 2Q16 quarterly releases for SLB (inline with a small EPS beat; tone is one of having reached the bottom with an expectation of clawing back some price concessions), OII (slight EPS miss, no light in the tunnel yet), and BAS (no thanks), the natural gas inventory review (smaller than expected injection on high demand, high exports, and lower production), and a table of key comments by energy players made so far in 2Q16 along with some other odds and ends. 

Ecodata Watch:

  • Markit flash eurozone PMI came in at 52.9 vs expectations of 52.5 and June's 53.1.  

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h
  3. Natural Gas Inventory Review 
  4. Stuff We Care About Today - So Far This Quarter (2Q16 Edition), SWN, SLB, BAS, OII, SRAQ/CDEV, next week's calendar 
  5. Odds & Ends

Click the link directly 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