Holdings Watch: We entered a few new positions this week as earnings season drew to a close. Most of those are still open and available on the holdings Wiki link. We did a 2 day trade in and out of (LINE) as they reported their year end, selling our calls for a 80% [...]

  HK Reports 4Q08; Top Line Beat, Bottom Line Miss; Raising Production Guidance, Costs Remain Low. The 4Q Numbers: Production: 361 MMcfepd was previously announced, up 15% sequentially and 52% YoY, 92% natural gas Revenues of $270.7 vs $226 mm expected. Much of this beat was due to higher than expected marketing revenues (lower margin [...]

President Obama spoke on a wide range of topics last night, including energy. See the full text of the speech here. Solar power was mentioned three times, wind twice, and clean coal once. Natural gas scored a big goose egg.  He also asked congress to "send me legislation that places a market-based cap on carbon [...]

    1) What A Week For Equities. And not in a good way either, especially if your company lends, borrows, services or produces anything. It’s not often the major indexes start the day at 6 year lows, hit 12 year lows by lunch time and close somewhere in between. In the week ahead we [...]

Yesterday In A Nutshell:  Bad natural gas number, better crude oil inventory numbers (see inventory break outs below). Weak action in the broad markets muted energy sector gains by the end of the day and a fear of the DJIA at 6 year lows will take precedence over any stock specific news thrown your way. [...]