Archive for March, 2009


25
Mar

Wednesday – Oil Inventory Preview

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 […]


24
Mar

Tuesday Morning – E&P Charts Plus More On PQ

    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 […]


23
Mar

Merger Monday

  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 […]


21
Mar

Wrap – Week Ended 3/20/09 (In Progress)

 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. […]


20
Mar

Expiry Friday

  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 […]

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