What a week! Rally, rally, rally, dollar strength related pause, rally. Several of our favorite names turned in double digit share price performance and we not only didn't sell during that little bout of sector indecision on Wednesday/Thursday but added to some of our names as strong earnings and strengthening stories weren't being reflected in [...]
Commodity Watch:
EIA reported a somewhat smaller than anticipated storage injection of 24 Bcf (the Street was looking for 30 and I had a range of 25 to 35 Bcf).
Natural gas rallied briefly, failed to penetrate $11 and then took a cue from strength in the dollar which was battering oil and closed essentially [...]
In A Nutshell: Bottom line beat due to top line volume based out-performance. Production guidance going up while costs remain in check. Stellar ops update to boot including record production from the Woodford Shale and Monument Butte (not big surprises) and not one but two deepwater discoveries in Gomex and a shallow water discovery off [...]
In Today's Post:
Holdings Watch - Sold the last of the (SLB), added (CLR) and added to (HAL) and (HK) call positions.
Commodities Watch
Stocks We Care About Today - (NBR), (BHI), (SII)
Crack Spread Update
Odds & Ends
Holdings Watch: The Wiki Holdings and Performance pages are updated for current positions.
CALLS:
(SLB) - sold the second half of the May [...]
Another Week Of Outperformance. With no sub-prime slime in the energy groups, energy has been the place to be this year. While the E&P names have clearly outperformed YTD, oil service posted a second nice week of gains as comfortability with an improving North American natural gas (and oil) picture increases - comments from [...]
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