25
Mar
Rig Count Comment Watch: WFT’s CEO said he expects U.S. rigs to bottom at 900, 185 rigs or 17% below current levels. That would be a 6 year low and I’m not sure what besides freed up capital markets and significantly higher natural gas prices arrests the decline there. Speaking to wire service reporters, an [...]
Posted in Uncategorized | 127 Comments »
24
Mar
In Today’s Post: Holdings Watch Commodity Watch Price Deck Watch – Tightening spread between the Street and the forward curve Stuff We Care About Today – Small, mid, and large cap E&P charts, PQ update. Odds & Ends Holdings Watch: The wiki tab is updated. HAL – $10KP- Added 10 more HAL April [...]
Posted in Uncategorized | 115 Comments »
23
Mar
With Suncor set to buy Petro-Canada for $15 billion creating the largest Canadian oil company (see details below), the nearly week long Howard Weil Energy Conference, and oil and gas prices hinting that a near term bottom may just be in the making, all eyes will be on energy this week. Investors will be [...]
Posted in Uncategorized | 82 Comments »
21
Mar
Holdings Watch: $10KP Closed Trades For Last Week. (SWN) March $30 calls for $0.50, up 100% since entry last Friday with the stock at $29.12. I continue to hold the April $30 calls. (HK) – Out Half $17.50 call position for $1.25. Up 58% on the whole position or 105% on the calls acquired yesterday. [...]
Posted in Wrap | 1 Comment »
20
Mar
I expect pinning action to set in early today due to March Madness. I also plan to add more oil service puts early. In Today’s Post: Holdings Watch Commodity Watch Natural Gas Storage Review Stuff We Care About Today Odds & Ends Holdings Watch: Busy but fun day yesterday. The wiki is updated; the [...]
Posted in Uncategorized | 69 Comments »